Leadership & Strategy
Malaysia’s Shariah Scholars Face Jail for Bank, Insurer Breaches
The Malaysian law that exposes Shariah scholars to jail terms for rule breaches will ensure tighter compliance, in a market where the regulator has already made progress in unifying standards. Under ...
P/C Earnings Soar in Q2; Specialty Insurer Premiums Grow Most: Moody’s
In spite of slowing rate hikes, property/casualty insurers rated by Moody's reported an aggregate 58 percent jump in bottom-line results for second-quarter 2013, with combined ratio improvements and ...
Meadowbrook Says Class Action Without Merit
Acknowledging that class actions are often launched against public companies that experience stock drops, Meadowbrook Insurance Group nonetheless issued a press statement on Thursday to respond to a ...
Brazilian Insurer’s IPO, World’s Largest, Beating All Peers, Still Rallying
BB Seguridade SA, the Brazilian insurer that held the world's largest initial public offering this year, is outperforming every other IPO from an emerging- market financial company this year. The ...
White Mountains Offers $308 Million for Entire IDB Stake in Clal
White Mountains Insurance Group Ltd. offered to pay 1.1 billion shekels ($308 million) for IDB Development Corp.'s 55 percent interest in Clal Insurance Enterprises Holdings Ltd. The offer will ...
U.K. Banks to Pay $2.4 Billion to Settle Insurance Mis-Selling: Sources
Britain's biggest banks are close to an agreement with regulators to pay as much as 1.5 billion pounds ($2.4 billion) to compensate customers wrongly sold insurance for credit-card and identity ...
SEC’s JPMorgan China Probe Threatens Cozy Tradition of ‘Client Hires’
The U.S. government's bribery investigation into JPMorgan's employment of at least two Chinese bankers has prompted banks and other corporations across the globe to take a close look at their hiring ...
New China Trust Pulls Bid for AIG’s Plane Leasing Firm Over Regulator: Report
New China Trust, which led a Chinese investor group in a $4.2 billion bid for American International Group Inc.'s aircraft-leasing unit, pulled out of the deal on concern its ties with a Chinese ...