Markets
New York Probes 20 Foreign Reinsurers’ Compliance with Iran Sanctions
New York's financial regulator has asked 20 non-U.S. reinsurers whether they conducted business with entities linked to Iran, as part of a review of these companies' ability to comply with a new U.S. ...
U.S. Property Cat Re Prices Down As Much As 25%, Casualty Softening: Willis Re
Reinsurers are taking "robust defensive measures to maintain market positions recently eroded by new capital markets entrants," with prices down 25 percent on some Florida property accounts, Willis ...Fitch Affirms U.S. AAA Rating; Outlook Still Negative
Fitch Ratings on Friday affirmed the United States' top level credit rating at AAA but held the outlook at negative, saying still-elevated debt levels leave the country vulnerable to shocks without ...
EPLI in Southern California Playing ‘Hard’ to Get
Employment practices liability in California is a growing concern for insurers, agents and employers, and that concern has some carriers ramping up rates dramatically or quietly pulling back from the ...
Political Risk Insurers Monitor Brazil, Turkey Impact; No Losses Yet
The large political demonstrations taking place in major cities in Turkey and Brazil in June have not yet impacted the political risk insurance market, according to a report by Marsh last week. "As ...
US Auto Industry Preview: June Sales Harken Back To Pre-Recession Levels
U.S. car dealers like Don Kerstetter have every reason to be happy these days as the industry is partying like it's 2007—facing demand not seen since before a recession that drove General Motors ...New Guy Carp Group Targets Mutual Co. Capital, Growth Issues
Last week, Guy Carpenter & Company, LLC, announced the launch of a Mutual Company Specialty Practice, which will focus exclusively on the unique needs of mutual insurance companies. The practice ...
Dodd-Frank Failed to Dispel Too-Big-to-Fail, Say 2 Fed Presidents
Two Federal Reserve district bank presidents said the 2010 Dodd-Frank Act hasn't eliminated creditor expectations for federal bailouts of financial firms, perpetuating the idea that large banks are ...