CEO / Chief Executive
Prudential Will While AIG, GE Won’t Contest SIFI Risk Designations
Prudential Financial Inc., the No. 2 U.S. life insurer, is contesting a U.S. finding that it poses a potential risk to the financial system, becoming the first company to challenge the label that ...
Big Insurers, State Regulators Look to Avoid Bank-Like Rules by Federal Reserve
MetLife Inc. and Prudential Financial Inc. have been joined by state regulators challenging the Federal Reserve on how to oversee the biggest insurers under the Dodd-Frank law. The insurers and ...New York Probes 20 Foreign Reinsurers’ Compliance with Iran Sanctions
New York's financial regulator has asked 20 non-U.S. reinsurers whether they conducted business with entities linked to Iran, as part of a review of these companies' ability to comply with a new U.S. ...
Roberts to Lead GEICO As Auto Market Share Battle Heats Up
Warren Buffett's Berkshire Hathaway Inc. promoted Bill Roberts to president and chief operating officer of the GEICO unit as it competes with Progressive Corp. and Allstate Corp. for auto insurance ...Corzine Faces Trading Ban as CFTC Sues in MF Global Failure
A U.S. regulator's lawsuit against Jon Corzine could make him the first former leader of Goldman Sachs Group Inc. to be banned from trading, the industry he returned to after serving as a New Jersey ...New Guy Carp Group Targets Mutual Co. Capital, Growth Issues
Last week, Guy Carpenter & Company, LLC, announced the launch of a Mutual Company Specialty Practice, which will focus exclusively on the unique needs of mutual insurance companies. The practice ...
Dodd-Frank Failed to Dispel Too-Big-to-Fail, Say 2 Fed Presidents
Two Federal Reserve district bank presidents said the 2010 Dodd-Frank Act hasn't eliminated creditor expectations for federal bailouts of financial firms, perpetuating the idea that large banks are ...
New RAND Center to Study Catastrophe Mitigation, Victim Compensation
The RAND Corp. is launching a new research center that will analyze different approaches to compensating individuals, businesses and others following catastrophes ranging from natural disasters to ...