Industry News
ACE Now Has Major Stake in Siam Commercial Samaggi Insurance
ACE Limited has announced that the company and its local partner have acquired, through a mandatory tender offer, an additional 32.17 percent in The Siam Commercial Samaggi Insurance PCL (SCSMG), a ...
U.S. Insurance Regulators May Refuse to Apply Global Capital Rules: NAIC President-Elect Lindeen
The United States may refuse to apply new global capital rules in the world's biggest insurance market because of the "breakneck speed" they are being pushed through, American regulators said on ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
Spotlight on London, Innovation at 50th International Insurance Society Seminar
The International Insurance Society has come a long way since its first meeting in a conference room in Austin, Texas. The 50th edition of its annual conclave opened Monday morning in London at the ...
U.S. Treasury Secretary to Defend FSOC Work at Congressional Hearing
U.S. Treasury Secretary Jacob J. Lew pushed back against Republican efforts to curtail the work of a council of regulators charged with preventing another financial crisis and said a failure to ...
FSOC Faces Balancing Act on Transparency: Treasury Official
A U.S. Treasury official pushed back against criticism by some Republican lawmakers that the process for deciding whether financial companies pose a potential risk to stability lacks transparency. ...
S&P Moves Berkshire Hathaway ‘AA’ Rating to Stable Outlook
Warren Buffett's Berkshire Hathaway Inc. had its credit outlook raised to stable from negative at Standard & Poor's as the company's capital position strengthened. The "AA" rating was affirmed. ...
It’s Official: Marsh Buying Stake in Alexander Forbes of South Africa
Marsh & McLennan Cos. will buy a 34 percent stake in Alexander Forbes Ltd. as Africa's largest independent pension-fund manager prepares to sell shares on the Johannesburg Stock Exchange next ...
Plenty of Insurance Capacity But Tricky Contract Wording for Oil and Gas Risks
The insurance capacity is there to cover the risks associated with the current oil and gas boom in Texas and the nation, experts say, but agents and their customers should be vigilant in their ...