Latest Posts

It’s a Wonderful Sub-Prime Life

It's A Wonderful Life (1946 movie)

The Bailey Building & Loan Association (BB&L) was one of the worst run banks in America. It would have topped the FDIC’s problem bank list, if such a list had existed in 1946. In fact it almost certainly would have failed every financial test of today’s regulators. Continue reading →

5 Financial Stories You May Have Missed – The “20/20 Hindsight Rule”

This week's financial stories saw SIPC, Bank of England, Bear Stearns, JPMorgan, WaMu, Thema, HSBC, SEC, FDIC, and The 20/20 Hindsight Rule Continue reading →

New Madrid Quakes 200 Years Later–More Devastating?

New Madrid Earthquakes of the 1800s

200 years ago today, the first of three devastating New Madrid earthquakes struck the Central U.S. What damage would such quakes wreak today? Continue reading →

Cat Amongst The Pigeons? New Guidelines for Catastrophe Modelling

Solvency II is not short of documentation, with the output of Brussels and Frankfurt being better measured in inches rather than pages. But it is often light on practical guidance. One area where guidance is certainly required relates to the … Continue reading →

D&O Insurance: Mind the Gap

To what extent is there a gap between the actual or perceived risk factors affecting directors of large companies in the current economic climate and the insurance designed to protect against these risks? That was the question which lay behind … Continue reading →

Virginia Tech Shooting Highlights Lessons Learned

Virginia Tech Candlelight Vigil

Last week’s shooting of a campus police officer at Virginia Tech brought back unwelcome memories of the attack that took place there four years ago, in which 33 people were killed and 25 injured by a single gunman. Continue reading →

5 Financial Stories You May Have Missed – And a Senior Moment

5 Financial Stories You May Have Missed This Week includes SEC, Federal Judge Rakoff , DOJ, FBI, sovereign debt, libelous bloggers, Rep. Steve Pearce Continue reading →

Answer to Europe’s Energy Future is Blowing in the Wind

Last week the European Wind Energy Association (EWEA) offshore wind conference in Amsterdam certainly threw up some dilemmas about Europe’s energy future. The overwhelming feeling amongst the senior conference delegates was that the renewable energy debate has to be won … Continue reading →

Willis Power Market Review – The Year of the Cat

Despite a spate of cat losses, Willis' latest Power Market Review finds that the insurance market is well capitalized with no signs of price increases. Continue reading →

Solvency II Reporting Requirements: Will Quants Welcome Querts?

While two key Solvency II consultation papers published in November finally clarify reporting requirements, they will significantly add to the workload of re/insurers’ quants who will have to complete up to 50 Quantitative Reporting Templates (QRTs). Continue reading →