Tag Archives: gulf-coast
Hedge fund closes Bermuda reinsurer
Caribbean Net News – Citadel Investment Group, one of the world’s biggest hedge funds, is closing down a Bermuda reinsurer it formed in 2004, according to a source familiar with the matter. Citadel, which manages roughly $18 billion, thought it […]
Buffett’s “time bomb” goes off on Wall Street
Reuters – On Main Street, insurance protects people from the effects of catastrophes. But on Wall Street, specialized insurance known as a credit default swaps are turning a bad situation into a catastrophe. When historians write about the current crisis, […]
