Reinsurance
State, Federal Regulators Vow Cooperation Against Global Uniformity
State and federal insurance regulators insist they will make sure U.S. regulatory standards aren't being subsumed beneath a bid for international uniformity, though they will continue to strive for ...
AIG Trial Testimony: Billions in Bailout Bucks Came Through, Sans Paperwork
The Federal Reserve Bank of New York poured billions of dollars into rescuing American International Group Inc. in September 2008 without drawing up documents that would cement the government's ...
U.S. Regulator Issues Caution Over Bond Market ‘Bubble’
The U.S. bond market may be teetering on the brink of a "liquidity cliff" and appears to be an asset "bubble" that could burst once interest rates start to rise again, a top U.S. securities regulator ...
No New Property-Cat Bonds in Q3: Verisk
There wasn't a single new property-catastrophe bond issued in the 2014 third quarter, the first time that's happened this time of year in at least a decade, Verisk Insurance Solutions asserts in its ...
Tokio Millennium Re Chooses New CEO From Within
Tokio Millennium RE AG has named a new CEO, promoting from within as part of a series of new executive and board appointments. Stephan Ruoff will become chief executive officer of the reinsurance ...
Aon Benfield Launches New Private Charter Aviation Policy
Aon Benfield has rolled out a new kind of insurance coverage that it suggested could spur business expansion in private charter aviation. Ostensibly, the coverage is designed for SHY Aviation, an ...
The Fed Wants Insurer Input As it Builds Capital Rules
The Federal Reserve today announced a voluntary survey into the potential impact of capital rules for insurance companies that it regulates. The Federal Reserve is seeking comments from the industry ...
A Reinsurer’s Perspective on the Current Catastrophe Modeling Landscape
Charles Dickens couldn't have predicted what has happened in the reinsurance industry the last 10 years. It has been the best of times for coastal inhabitants of the United States, as it has been a ...