Reinsurers hazard big money outside Monaco casino
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The annual gathering of the global reinsurance industry in Monaco is an arcane, 50-year-old ritual of lavish parties and secret tete-a-tetes where the industry negotiates renewal contracts for the coming year.
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A Monaco-based fund which holds a stake in SK Corp threatened yesterday to take legal action against a corruption-tainted chief executive at the company, South Korea&#39;s largest oil refiner.
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Let the patient beware. Going outside your insurerâs network of preferred doctors or hospitals could be more hazardous to your financial health than you suspected.
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Private equity firms have found a new business where they can place their multibillion-dollar bets: gambling.
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Problem gambling can show itself in the stock market.
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US bond insurer MBIA shocks investors with scale of guarantees for risky US investments linked to home loans.
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It can get ugly when investors chase returns.
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The tsunami catastrophe in south Asia  has caused economic damage in excess of 10 billion euros ($13.6  billion), a top risk researcher at Munich Re, the world's  largest reinsurer, was quoted as saying on Tuesday.
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When Ralph Klein fled from a first ministers&#39; dinner to a nearby casino he traded a sure bet for odds that ultimately ensure losers outnumber winners.
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A hedge fundâs near-collapse stems directly from bad bets on subprime mortgages and is the biggest such bailout since 1998.
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MBIA Inc , the world's largest  bond insurer, said it has exposure to $30.6 billion in complex  mortgage securities that it insures, an amount that eclipses  its entire net worth.
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Anti-obsession controls already in place Due to its proximity to mainland China, gambling development in Macau has exploded - recently even surpassing Las Vegas' legendary Strip in revenue terms - and international players, such as Ladbrokes, have been positioning themselves to expand into the mainland itself when the time is right.â¦
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Investors are wary of insurance guarantees for some bonds issued by cities to fund capital projects.
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Citigroup and Merrill Lynch each announced outside investments to shore up their ravaged balance sheets.
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NEWARK, NJ - Patrons of Donald Trump&#39;s gambling halls probably won&#39;t notice, but his casino empire is now in bankruptcy after months of negotiations with bondholders over a crushing $1.8 billion debt.
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The casino operator posts a drop in earnings amid construction.
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TORONTO - People with gambling problems account for more than a third of the $4 billion spent each year by Ontario residents at casinos, racetracks and lottery kiosks, a new study suggests.