Cyberattacks against small businesses are soaring. To mitigate risk, many owners are opting for cyberliability insurance. Here's why. ...» Read More
--New York- based Marsh& McLennan Cos. has reported material improvement in both its business and financial profiles in recent years. Rating Action On Oct. 12, 2012, Standard& Poor's Ratings Services raised its counterparty credit rating on Marsh& McLennan Cos. to' BBB' from' BBB-'.
*High investor demands keeps costs down for sponsors* Issuance may hit $7 bln this year By Sarah Mortimer. LONDON, Oct 9- The market for catastrophe bonds has boomed in the past year and is likely to keep growing as investors search for higher returns.
LONDON, Oct 5- Insurance prices barely rose in the three months to September as abundant supplies of capital allowed insurers to compete aggressively even after paying out near-record natural disaster claims last year.
*Barclays raises Allied World Assurance Company price target to $72. *Barclays raises Allstate Corp price target to $45 from $41; rating. *Barclays raises Arch Capital Group Ltd price target to $48 from $46;.