News
Chamber Wants Tighter Rules on Systemically Risky Designations for Non-Banks
The U.S. Chamber of Commerce is calling for rules that would make it more difficult for a group of regulators to subject financial companies to stricter oversight. A vote of three-quarters of the ...Aspen Re Establishes Silverton Re
Aspen Reinsurance on Monday announced that its Aspen Capital Markets division has established Silverton Re to provide additional collateralized capacity to support its global reinsurance business. ...
Hartford Bailout Warrants Double in 3 Years Since Auction, Aiding Paulson, Berkowitz
Hartford Financial Services Group Inc. warrants climbed to twice the price they sold for in a U.S. Treasury Department auction three years ago, benefiting investors such as Bruce Berkowitz and John ...
U.S. Terror Risk Undiminished As Terror Groups Multiply: Senator
The risk of a terrorist attack against the U.S. hasn't diminished as groups affiliated with al- Qaeda have proliferated and are developing explosive devices designed to elude detection, Senator ...
RSA Ireland CEO Smith Quits, Says Made ‘Fall Guy’ in Accounting Probe
RSA Insurance Group Plc's Irish unit Chief Executive Officer Philip Smith resigned Nov. 28, saying he was made a "fall guy" amid an investigation into the insurer's accounting practices. The company ...
Easing of Iranian Oil Ship Insurance Sanctions Likely Months Away
A pledge by world powers to ease ship insurance sanctions on some Iranian oil exports is likely to take months to come into effect due to complex law and regulation and to insurers' unease over ...
Five Insurers Bid for Citigroup Distribution Deal in Asia
Five insurers including MetLife Inc. and AIA Group Ltd. have submitted final bids to have their products distributed by Citigroup in Asia, a deal estimated to generate more than $10 billion in ...
Smith Appointed President of Aon Benfield’s U.S. Business
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, on Wednesday announced the appointment of Kelly Smith as president of its U.S. business, effective immediately. ...