CFO / Financial
Colombian Insurer Seguros Colpatria Looking for Buyers: Report
Seguros Colpatria SA, a Colombian insurance provider, is weighing a sale that may fetch $500 million, said people familiar with the matter. Seguros Colpatria, which provides fire, earthquake, ...
Dodd-Frank Rules Should Be Mostly Complete By End of 2013, Say Regulators
Dodd-Frank Act measures designed to prevent a repeat of the global credit crisis will be largely complete by the end of this year, financial regulators plan to tell lawmakers at a hearing today on ...
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 ...