Success or Excess?
By Alexei BayerIn mid-August, international financial markets began seriously to wobble. Initially, the subprime mortgage crisis, affecting only a small, risky portion of the enormous U.S. residential...
September 21, 2007
Insurer Acquires Return-To-Work SpecialistRockhill Holding Company has agreed to acquire RTW Inc. for about $68 million in cash.Rockhill sells specialty property-casualty coverage through its Rockhill Insurance Company and ...
September 18, 2007
Fed Cuts Fed Funds, Discount Rates by 50 BpsCiting lower risk of inflation and hoping to "help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets and to promote moderate growth over time," according to its statement, the Federal Open Market Committee on September 18 cut its...
September 01, 2007
Lesson 8: Defined Benefit Pensions: Winners & LosersMost professionals in the financial services industry are now aware of the continuing decline of traditional private-sector defined benefit (DB) pensions. Each new company press...
September 01, 2007
No Go in TokyoWhen Fidelity announced last May that it is moving its Japanese equities trading desk, which manages U.S.$47 billion of Japanese assets, from Tokyo to Hong...
September 01, 2007
Catching up with... Frank HolmesThere are a few people who always have a thoughtful point of view on investing, no matter what is going on in the markets. IA...
August 20, 2007
Reinsurer To Scoop Up Stop-Loss FirmMunich Reinsurance America Inc. has agreed to acquire full ownership of Cairnstone Inc.Munich Re, Princeton, N.J., is a unit of M?nchener R?ckversicherungs-Gesellschaft A.G., Munich.Cairnstone, Miami, ...
August 17, 2007
Fed Cuts Discount Rate and U.S. Markets RespondThe Federal Reserve Board cut the discount rate from 6.25% to 5.75% before the opening stock market bell on August 17. The Fed announced that...