Risk
Global ‘Too Big to Fail’ Insurer Assessment Reportedly Going Away
Global financial regulators have decided to ditch a "too big to fail" gauge for assessing the riskiness of insurers, according to a source briefed on the matter, in a big win for companies such as ...
Small Businesses Aren’t Buying Cyber Liability Insurance: Insureon
A big challenge has emerged for carriers seeking to market cyber liability insurance: Most small businesses aren't necessarily buying the product and believe they're doing well enough with ...
Hub International Will Acquire Wells Fargo’s Crop Insurance Broker Business
Hub International will snatch up the assets of Wells Fargo Insurance's crop insurance broker business. Neither side disclosed financial details. Hub International is already a large, global ...
London Wants Post-Brexit Regulatory Help For Financial District
Britain's regulators should put more emphasis on keeping banks globally competitive after Brexit, the City of London financial district's policy chief said on Thursday. Catherine McGuinness said ...
AmTrust Lost $174.7M in Q3, Hammered by Catastrophe Costs
AmTrust Financial Services reported significant net losses in the 2017 third quarter, a dip in gross written premium and a skyrocketing combined ratio. Net losses hit $174.7 million, or $0.89 per ...
The Latest Launches From Allianz, Liberty Mutual and Willis Towers Watson
Allianz Global Corporate & Specialty has found a partner to help address cybersecurity and risk management for small to medium-sized businesses. Liberty Mutual Insurance Co. will back NIF Group's ...
Solving Financial System Cybersecurity Challenges Won’t Happen With Regulation: Fed Official
More rules may not be the best answer to protecting the financial system against cyber attacks, a Federal Reserve official said. "I don't think the solution to the cybersecurity problem rests in ...
U.S. Flood Insurance Reform Gets SmartSafer Lobbying Push
The latest attempt to overhaul the U.S. federal flood insurance program hit a stumbling block, but a coalition of business and environmental groups renewed their push on Wednesday for lawmakers to ...