Industry News
Solving Financial System Cybersecurity Challenges Won’t Happen With Regulation: Fed Official
More rules may not be the best answer to protecting the financial system against cyber attacks, a Federal Reserve official said. "I don't think the solution to the cybersecurity problem rests in ...
U.S. Flood Insurance Reform Gets SmartSafer Lobbying Push
The latest attempt to overhaul the U.S. federal flood insurance program hit a stumbling block, but a coalition of business and environmental groups renewed their push on Wednesday for lawmakers to ...
AmTrust’s Financial Plans Earn A.M. Best Ratings Review With Negative Implications
AmTrust Financial Group's recent efforts to raise capital and stabilize its finances apparently aren't enough for A.M. Best, which placed the company's credit and financial strength ratings under ...
AIG Names New Division Leaders for Lexington Insurance, North America General Insurance
American International Group recently made two new major domestic executive appointments: Lex Baugh is AIG's new chief executive officer, North America General Insurance, and George Stratts has been ...
AmTrust Raising $950M by Selling Stake in Some Businesses to Private Equity Firm
AmTrust Financial Services will make about $950 million by selling a majority equity interest in some of its U.S.-based fee businesses to private equity firm Madison Dearborn Partners. Barry Zyzkind, ...
The Latest Launches From CNA, Starr Companies and BHSI
CNA added a new online feature to its small business services coverage and products. Starr Companies will start offering drone coverage through to members of a key trade association. Berkshire ...
UK Regulator Launch Investigation of Wholesale Insurance Brokers
Britain's financial services industry regulator is to launch later this week a long-promised investigation into competition in the wholesale insurance broking market, where one top executive has ...
Attune, a Digital Small Business Insurer, Hires Starr, OnDeck Execs in Leadership Roles
Digital small business insurer Attune has named Martha Dreiling as head of Analytics and Corporate Operations and Richard E. Stamets as head of Underwriting Strategy. Dreiling oversees Attune's ...