Industry News
FASB to Hold Roundtable Meetings on Insurance Proposal
The Financial Accounting Standards Board (FASB) will host public roundtable meetings on its Proposed Accounting Standards Update, Insurance Contracts (Topic 834). The meetings will provide an ...
SEC Awards More Than $14M to Whistleblower
The Securities and Exchange Commission on Tuesday announced an award of more than $14 million to a whistleblower whose information led to an SEC enforcement action that recovered substantial investor ...
Ironshore’s Pembroke Managing Agency Appoints Johnson to Board
Ironshore Inc. announced that Mark Johnson has been appointed to the board of directors of its Lloyd's Pembroke Managing Agency Ltd. Johnson will be responsible for ensuring that Pembroke fulfills ...
EU Commissioner Recommends Solvency II Delay to 2016
The European Commission has officially proposed a postponement of the January 2014 start date for the implementation of Solvency II, according to a statement from Michel Barnier, the commissioner ...
U.K. Regulators Watching Impact of Capital Influx on Insurers
British regulators are scrutinizing the impact of the wave of capital from investors such as hedge and pension funds on the insurance industry. "The availability of this additional capital inevitably ...
Government Shutdown Could Trigger Delays in Civil Cases
U.S. Justice Department lawyers from New York to San Francisco are asking judges to delay civil cases as the government partially shuts down, and in Manhattan already won a halt to litigation except ...
Surge in Firms Based in Emerging Markets to Reshape Corporate World: McKinsey
The number of large emerging market companies will surge in coming years and they will become competitors but also customers for rich-country firms, according to a new study. Almost three-quarters of ...
Moody’s Cuts Endurance Specialty Ratings Down to A3
On Wednesday, Moody's Investors Service announced that the rating agency lowered the insurance financial strength ratings of the principal operating subsidiaries of Endurance Specialty Holdings Ltd. ...