Global Economy
Insurers Win House Passage of Dodd-Frank Capital Standards Revision
The U.S. House of Representatives approved a bill that would ease capital and liquidity standards for insurers under the Dodd-Frank Act. A major insurance lobbying group, meanwhile, heralded the vote ...
Willis Group Closes Purchase of IFG Financial Businesses in Ireland
Willis Group Holdings completed its acquisition of a number of Irish pension and financial advisory businesses from IFG Group for an undisclosed price. The deal went through subsidiary Willis ...
Financial Institution Cyber Defenses Attract U.S. Regulatory Scrutiny
U.S. regulators on Wednesday said they were stepping up efforts to examine financial institutions' defenses to ward off cyber attacks, as a top FBI official warned of new "increasingly complex" ...
TRIA Reauthorization Passes House With Higher Government Involvement Threshold
The U.S. House voted Dec. 10 to extend by six years a federal backstop for insurers offering coverage against terrorism, advancing efforts to retain a program created in response to the attacks of ...
Travelers Dives into Colombia Through Brazilian Joint Venture
The Travelers Cos. said it will be expanding into Colombia through a joint venture it has maintained in Brazil. By way of its partnership with J. Malucelli Participações em Seguros e Resseguros ...
House Leaders Unveil Their Version of a TRIA Extension, With Attachments
House leaders released a proposed six-year extension of a federal program to insure property against the risk of terrorism, including a Republican proposal to revise a bank regulatory law. The ...
Hartford Reduces Energy Bond Holdings As Oil Prices Drop
Hartford Financial Services Group Inc., the insurer with a $76 billion investment portfolio, has reduced holdings of bonds issued by energy companies amid a slump in oil prices. "We've lightened up a ...
Verisk Grabs ‘Complementary’ British Rival for $31.6M
Verisk Analytics snatched up a British analytics and advisory outfit for more than $31.6 million, beefing up its research and data capacity for geopolitical and other risks in the process. The New ...