News
Willis’ Longmore Joins Marsh’s FINPRO
Marsh has announced that Ann Longmore will join the firm's FINPRO practice in New York as its new multinational practice leader effective July 7. Longmore will be responsible for helping Marsh ...
OneBeacon’s Sale of Runoff Business to Armour Still in Progress
OneBeacon Insurance Group Ltd. said it is making progress in the sale of its runoff business to Armour Group Holdings Ltd. and restated its expectation that the transaction will close in the second ...
ACE Now Has Major Stake in Siam Commercial Samaggi Insurance
ACE Limited has announced that the company and its local partner have acquired, through a mandatory tender offer, an additional 32.17 percent in The Siam Commercial Samaggi Insurance PCL (SCSMG), a ...
South Korea Ferry Operator CEO Blamed for Sinking
Prosecutors on Friday said the CEO and four employees of the operator of a sunken South Korean ferry caused the accident by overloading the ship with poorly stowed cargo after a risky redesign and ...
U.S. Insurance Regulators May Refuse to Apply Global Capital Rules: NAIC President-Elect Lindeen
The United States may refuse to apply new global capital rules in the world's biggest insurance market because of the "breakneck speed" they are being pushed through, American regulators said on ...
Spotlight on London, Innovation at 50th International Insurance Society Seminar
The International Insurance Society has come a long way since its first meeting in a conference room in Austin, Texas. The 50th edition of its annual conclave opened Monday morning in London at the ...
U.S. Treasury Secretary to Defend FSOC Work at Congressional Hearing
U.S. Treasury Secretary Jacob J. Lew pushed back against Republican efforts to curtail the work of a council of regulators charged with preventing another financial crisis and said a failure to ...
FSOC Faces Balancing Act on Transparency: Treasury Official
A U.S. Treasury official pushed back against criticism by some Republican lawmakers that the process for deciding whether financial companies pose a potential risk to stability lacks transparency. ...