Leadership & Strategy
G20 Regulators Give ‘Shadow Banks’ Until 2015 to Comply with Global Rules
The $60 trillion "shadow banking" sector has been given until 2015 to fully comply with its first set of global rules, after an international regulatory task force unveiled plans to curb risk without ...New York Regulator Eyes Lloyd’s Internal Probe in Iran Sanctions Inquiry
A New York regulatory investigation of Lloyd's of London for possible violations of Iran sanctions law has led to a government request for files of an internal probe by the insurer, a person familiar ...
Future Profit Projections: Moody’s Analysis of Commercial Combined Ratios
Given the current level of commercial insurance price increases, which are outpacing loss ratio trends, analysts at Moody's Investors Service forecast that underwriting margins will also continue to ...
Commercial Insurance Rate Hikes Continuing; WC Profit Ahead in ’14: Moody’s
Moody's expects property/casualty commercial insurance rate hikes to continue for the balance of the year, making 2013 the third straight full year of rising rates for commercial lines carriers, ...
Islamic Finance Body Develops First Cross Border Market with $490 Million Sukuk
A consortium of central banks from Asia, the Middle East and Africa has taken a first step towards developing a cross-border market in Islamic financial instruments by issuing a $490 million sukuk. ...
Top 10 Non-Life Reinsurers: A.M. Best Ranking
There is only one new name on the latest ranking of the top 10 global non-life reinsurers, with China Reinsurance (Group) Corp. replacing Transatlantic Reinsurance Co. on a list extracted from an ...
Old Mutual to Expand Products in Kenya As Sales Expected to Surge
Old Mutual Plc, the U.K.'s third- largest insurer by market value, expects to sell more life- insurance products and begin offering general coverage in Kenya, where premium income is expected to ...
AIG Said to Plan $300 Million RMBS Sale, Loan Shift in Bank Exit
American International Group Inc. plans to sell about $300 million in residential mortgage-backed securities from the bank it's winding down, according to a person familiar with the matter. About ...