CFO / Financial
Multinational Ratings Agency to Launch as Alternative to Big Three
Credit ratings organizations from five countries are launching a new global agency, touting it as an alternative to the Big Three agencies, which they say no longer meet the needs of the new ...
New UK Financial Regulators Face Surge in Staff Turnover: Reuters Analysis
Staff have been quitting Britain's financial watchdogs at nearly twice the rate since they were split into two bodies this year, data seen by Reuters shows, at a time when experts warn of a ...
Swaps Regulation Could Impact Insurers’ Risk Management, Ratings: S&P
A Dodd-Frank provision regulating derivatives could improve insurers' risk management and have a minor impact on ratings, according to analysts at Standard & Poor's. In response to the financial ...
U.K. Fraud Office May Work with Spy Agencies to Fight Corporate Crime
The U.K. Serious Fraud Office will work more closely with spy agencies in an effort to crack down on corporate wrongdoing. "We are enhancing our intelligence capabilities in the fight against ...
Aging Core Systems Not Making the Grade: IGO Carrier Research
A new survey of P/C and group life carriers revealed that more than 50 percent cite legacy systems as the top core system challenge, followed by integration and scalability/flexibility issues. ...
Senators Seek to Kill Tax Break for Corporate Settlement Costs
Banks and corporations would no longer be able to claim tax deductions for certain payments made under legal settlements with the U.S. government involving alleged business misconduct, under ...
Bring on the Competitors, Reinsurance Brokers Say
If you ask Frank Harrison, chief executive officer of New York-based reinsurance intermediary Holborn Corp., whether he worries about competitors coming up behind his firm, you'll hear an unusual ...
AIG Settles with Former Exec Before $274M Pay Trial
American International Group Inc. has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008. The settlement came as ...