News
Zurich Insurance Policy Lowers Banks’ Operational Risk Capital Needs
Zurich Insurance Group AG, Switzerland's biggest insurer, plans to offer banks a way to lower the amount of capital they need to hold for operational risks such as employee misconduct as regulators ...Ex-BP Engineer Destroyed Gulf Spill Evidence, Jury Told
A former BP Plc engineer deliberately destroyed evidence sought by the U.S. for a probe of the 2010 Gulf of Mexico well explosion and oil spill, a federal prosecutor said at the end of a trial in New ...
State of Core Solutions Transition: Which Tech Priorities Are Being Carried Out?
Presented by Majesco
You have two watches. Your first watch is analog. It has dials, gears, crystals and movements. It is a machine...
Tower Selling Stake in Canopius Group Limited, Boosting Reserves Again in Q3
Tower Group International, Ltd. (Tower) announced Tuesday that it has paid $70 million that was outstanding to its Bank of America credit facility using proceeds from the sale of a stake in Canopius ...
AmTrust Refutes Negative Report on Accounting, Says Future ‘Never Been Brighter’
AmTrust Financial Services Inc. (AFSI), a New York-headquartered insurer whose stock price fell last week in wake of a negative report from research firm GeoInvesting, is assuring investors its ...
Hartford May Sell Remaining Corporate-Owned Life Insurance Business
Hartford Financial Services Group Inc., the insurer which rebuffed an activist's calls to split into two companies last year, is considering a sale of a business that offered companies life insurance ...
S&P Cuts RSA Insurance Credit Rating Citing ‘Weakening’ Management
RSA Insurance Group Plc may be set for more downgrades, threatening its ability to retain commercial clients, after Standard & Poor's cut its credit rating to the lowest in more than a decade. ...
GEICO Passes Allstate to Become 2d Largest U.S. Auto Insurer: SNL
Based on third quarter reports, GEICO Corp. has surpassed Allstate Corp. to become the nation's second-largest private auto insurer. According to data compiled by SNL, GEICO logged $4.89 billion in ...
Make Sure That Classic Car Isn’t a Fake
In the 1930s, British sports-car maker MG made exactly 33 of the K3 open-top race car. If you want to buy one now, there are more than 100 to choose from. No, the defunct carmaker didn't restart ...