Industry News
FSB, FSOC Systemic Insurer Lists Need Alignment, Say U.S. Regulators
Insurers should not be forced to hold extra capital just because of their size, because the extra cost would simply be passed on to consumers, U.S. regulators said on Tuesday. G20 world leaders have ...
Wayland Appointed GC At ACE
Zurich-based ACE Limited announced Wednesday that Joseph Wayland, a former assistant attorney general, would become General Counsel for the global insurance organization. Effective July 8, 2013, ...
Citizens CFO Binnun Returning To Private Sector
Following a six-year tenure as Citizens Property Insurance Corporation's chief financial officer, Sharon Binnun has accepted a position in the private sector and will resign her post effective July ...
Unrest In Turkey Highlights Terror Coverage Gaps, Willis Exec Says
With acts of terrorism defined in different ways under standalone terrorism insurance policies, insureds could find themselves without coverage in situations more akin to political violence than ...
Texas Wind Insurance Association Expects Surplus For Year-End 2013
The nonprofit, state-supervised property insurance agency for coastal Texas counties is expected to shore up its finances by the end of the year, the group told a state House panel on Monday. Pete ...
Cyber Disclosure To SEC Not Universal; Even Insurer Fails To Report: Willis
A majority of the U.S. listed Fortune 500 firms are following the U.S. Securities and Exchange Guidelines by providing some level of disclosure regarding cyber exposures, but disclosure is not ...
Perry, Seow Appointed to PartnerRe Board
PartnerRe Ltd. announced Tuesday that Debra J. Perry and Greg Fook Hin Seow have been appointed to its Board of Directors effective June 15, 2013. Perry, aged 62, has been a Principal of Perry ...
Analysts: Travelers/Dominion Deal Makes Sense, More U.S.-Canadian M&A May Follow
The Travelers Companies' decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts. The acquisition now ...