Global Economy
U.S. Financial Regulators Review Unnamed Firm’s ‘Too Big to Fail’ Designation
The Financial Stability Oversight Council, made up of all major U.S. financial regulators, met late on Thursday afternoon and reviewed its designation of a nonbank firm as "too big to fail," ...
New Bond Chief for Allianz’s PIMCO Boosts Returns and Investments Alike
After star money manager Bill Gross left in 2014, Pacific Investment Management Co. seemed destined to fade from prominence and become just one of the many firms that dot the U.S. bond-industry ...
Liberty Mutual’s Q4 Hammered by U.S. Personal, Commercial Auto Losses
Liberty Mutual Holding Company's 2016 fourth quarter net income declined substantially, due mostly to higher U.S. personal and commercial auto liability losses. But the number was up for the full ...
More Insurer CFOs See Big Data as Helping Them With Growth Goals
Nearly 70 percent of insurer CFOs see pursuit of new growth, market expansion or an M&A deal as a significant priority, making it their top business driver, according to a 2016 EY survey of ...
Generali Reportedly Ramping up Plans to Sell Dutch Business
Italy's biggest insurer Generali has hired BNP Paribas to sell its Dutch business as part of a plan to cut costs in weaker markets and boost profits, sources told Reuters. Generali, which generates ...
Are Fears of a Brexit Exodus Overblown?
Depending on who you talk to, 232,000 U.K. jobs will be headed out the door after Britain withdraws from the European Union. Or it could be as few as 4,000. The range of forecasts -- from the ...
Low Corporate Adoption of Cybersecurity in Risk Management Strategies Can’t Continue: Swiss Re
Despite increased awareness of rapidly evolving cyber threats, relatively few corporations have integrated cybersecurity into their mainstream risk management programs – a situation that is ...
AmTrust Gets A.M. Best Outlook Dropped to Negative Over Annual Report Delay
AmTrust Financial Services's disclosure of a filing delay for its annual report due to an internal audit drew a quick, negative reaction from A.M. Best. The ratings agency revised its outlook to ...