CFO / Financial
Myths About The Federal Insurance Office
In the aftermath of the recent financial crisis, Congress created the Federal Insurance Office (FIO) to ensure it had information about the insurance industry. To understand what the FIO means to the ...
European CEOs Worried About High Taxes, Regulatory Burden: Lloyd’s Survey
High taxation and new regulation are among the most pressing concerns for senior European company executives, according to a survey by Lloyd's of London. The Lloyd's Risk Index survey also found ...
Regulators Officially Designate AIG, GE Capital As Systemically Important
American International Group Inc. and General Electric Co.'s finance unit were designated systemically important by U.S. regulators, a ruling the companies had already agreed to accept. The vote by ...
‘Breakaway’ Pricing Seen From Capital Markets Pressuring Traditional Re
With third-party investors putting increased levels of capital into catastrophe bonds, sidecars and collateralized reinsurance, pricing in the capital markets is now, for the first time, "decoupled" ...
Insurer Insolvencies Fuel Director Liability; Board Roles Becoming More Complex
Member of boards of directors of insurance companies are increasingly concerned about lawsuits they might face in troubled situations—and they should be, according to a former insurance regulator. ...
S&P to Defend Credit Rating ‘Puffery’ in Case Over Fraud Charges
Standard & Poor's, getting its first shot in open court at U.S. Justice Department claims it should pay as much as $5 billion in civil penalties, will defend itself by arguing reasonable ...
Brightening U.S. Jobs Picture May Draw Fed Closer To Tapering
U.S. job growth increased more than expected in June, which could draw the Federal Reserve closer to implementing a plan to start scaling back its massive monetary stimulus later this year. Employers ...
U.S. Bond Funds Losing $60 Billion Foreshadow Impact of Fed Exit
Investors have pulled about $60 billion from U.S. bond funds since Federal Reserve Chairman Ben S. Bernanke rattled markets by outlining his plan to end the central bank's unprecedented asset ...