Industry News
Compensation Gaps in the Insurance Industry: University Research
As part of a research project focused on analyzing leadership demographics in the insurance industry, Saint Joseph's University examined compensation level for senior officers in various market ...
Ackermann Quit Zurich After Being Named in CFO Wauthier’s Suicide Note
Josef Ackermann's abrupt resignation as chairman of Zurich Insurance Group AG came after Chief Financial Officer Pierre Wauthier mentioned him in his suicide note, the company said. "We were informed ...
Arkansas Homeowners Settle Suit Charging Fracking Wastewater Caused Quakes
Five Arkansas residents who sued two oil companies claiming wastewater disposal wells from fracking caused earthquakes that damaged their homes settled with the companies for an undisclosed sum on ...
SAC Capital Civil Suit Should Be Delayed, U.S. Says
A civil forfeiture lawsuit against SAC Capital Advisors LP should be put on hold while prosecutors continue their criminal case against the hedge fund over alleged insider trading, the U.S. told a ...
G20 Regulators Give ‘Shadow Banks’ Until 2015 to Comply with Global Rules
The $60 trillion "shadow banking" sector has been given until 2015 to fully comply with its first set of global rules, after an international regulatory task force unveiled plans to curb risk without ...
Ackermann Exit at Zurich Insurance Leaves Investors with Questions
Josef Ackermann's abrupt resignation as chairman of Zurich Insurance Group AG days after the suspected suicide of its finance chief sent the insurer's shares tumbling and left investors grasping for ...
Farmers Insurance Names Weinstein New General Counsel
Farmers Insurance has named former Chairman of the Barger & Wolen law firm and insurance and litigation partner, Steven Weinstein, as its new General Counsel. Weinstein is replacing Frank Ceglar, ...
Bermuda’s New Insurer Registrations Up 81% For First-Half 2013
The Bermuda Monetary Authority has registered 47 new insurers for the period ending July 2013. This is an 81 percent increase from the 26 insurers registered over the same period in 2012. A total of ...