News
Underwriters Spooked by New China Rules for Botched IPOs
Newly approved Chinese rules for IPOs are rattling investment banks as investors can seek compensation immediately if they suffer losses due to false or misleading information in the listing ...
Top Shareholders Urge Ambac CEO to Leave Due to Claims-Payment Delays
Three of Ambac Financial Group Inc's top ten shareholders are calling on its new CEO Nader Tavakoli to step down, according to people familiar with the matter. One of the reasons they give is that he ...
Uber Will Help California Ex-Felons Ready for Driver Jobs
Uber Technologies Inc. says it's trying to help people convicted of non-violent felonies in California get jobs as drivers. The company said Wednesday it's steering prospective drivers with felony ...
RMS CEO Shah Pledges 2016 Cloud-Based Cat Modeling Roll-out
RMS, after months of additional fine-tuning and ironing out kinks, is ready to roll out cloud-based catastrophe risk management system RMS(one) through 2016, co-founder and CEO Hemant Shah said on ...
Fed Could Clear Up SIFI Uncertainty This Year
The designation of MetLife as a systemically important financial institution by the Financial Stability Oversight Council is a done deal. But exactly what that means in terms of higher regulatory ...
P/C Execs Predict Cyber Growth and a Democrat in the White House
Leaders of the property/casualty insurance industry expect 2016 to be a profitable year much like 2015 but do not see any increase in profitability this year for most lines of insurance, and they do ...
A.M. Best Separates Ratings Services from Publications in Restructuring Move
A.M. Best has restructured its operations to separate its rating and research services from its publications and other information products, attributing the action to increased regulation of credit ...
ACE and Chubb Set to Close Their Mega-Merger Deal
ACE Ltd. and Chubb were set to close their $29.7 billion merger agreement on Jan. 14 – a scant six months after the companies first announced their surprise deal. The Chubb name will represent the ...