CFO / Financial
SEC Relying on Firms Strengthening Internal Compliance Programs
The U.S. Securities and Exchange Commission is calling on corporate executives and boards to strengthen internal compliance programs as funding constraints limit the agency's reach, SEC Chairman Mary ...
Reinsurers Get Down to Business in Baden-Baden; Willis Re Chairman Comments
"I don't think there have been any big changes between Monte Carlo and Baden-Baden," said James Vickers, chairman of Willis Re International. This isn't that surprising, given that the two ...
Hannover Re Sees Rate Hikes in Germany, Stable Rates Elsewhere
Hannover Re, the world's third- largest reinsurer, said it expects higher rates for insurance and reinsurance in Germany following this year's flooding and hailstorms, which led to the most costly ...
Flooding and Flood Models Explained: Karen Clark Reviews the Basics
There are multiple types of flooding that can cause significant property damage and losses to insurance companies.. One is the flooding associated with storm surge from hurricanes. Hurricanes can ...
Munich Re Seeking Rate Hikes Due to Flood, Hailstorms in Germany
Munich Re, the world's biggest reinsurer, said rates in Germany need to rise following this year's floods and hailstorms. "It just took another 10 years to see another centennial flood in Germany," ...
Prudential Gives Up Fight Over Systemic Risk Designation, Increased Regulation
Prudential Financial Inc., the second-largest U.S. life insurer, abandoned its challenge to a U.S. designation from a Treasury Department panel that subjects the company to increased regulatory ...
Fitch: Global Insurance Capital Standard Adds Uncertainty
Plans by the Basel-based International Association of Insurance Supervisors (IAIS) to develop a risk-based global insurance capital standard add further uncertainty for the insurance industry, ...
Allianz CEO Diekmann: Solvency II, Basel Create Room for Acquisitions
Michael Diekmann, chief executive officer of Allianz SE said tougher financial regulation will create takeover opportunities for Europe's biggest insurer. "If Solvency II and Basel III mean more ...