News
SEC Relying on Firms Strengthening Internal Compliance Programs
The U.S. Securities and Exchange Commission is calling on corporate executives and boards to strengthen internal compliance programs as funding constraints limit the agency's reach, SEC Chairman Mary ...
Court: Goldman Must Pay Legal Costs for Programmer ‘Officer’ with VP Title
Goldman Sachs Group Inc. must pay some legal fees incurred by a former computer programmer accused of stealing code from the bank because his title of vice president made him a bank officer at the ...
Blackstone, GIC Buy Stake in Goldman’s European Insurer
Blackstone Group LP and GIC Pte, Singapore's sovereign wealth fund, agreed to buy a majority stake in Goldman Sachs Group Inc.'s European insurance business. Blackstone, the world's biggest ...
U.S. Releases Draft of Voluntary Corporate Cybersecurity Standards
A U.S. bureau on Tuesday unveiled a draft of voluntary standards that companies can adopt to boost cybersecurity - part of an attempt to protect critical industries without setting restrictive and ...Willis to Allocate London Risks to Insurers Including Berkshire
Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to allocate as much as 25 percent of premiums from the London corporate specialist market to pre-selected ...
Low Interest Rates Push Travelers to Raise Premiums Further
U.S. insurer Travelers Cos. Inc. posted a record operating profit that breezed past Wall Street estimates and said it expects to keep raising premiums to counter low interest rates and potential ...
Reinsurers Get Down to Business in Baden-Baden; Willis Re Chairman Comments
"I don't think there have been any big changes between Monte Carlo and Baden-Baden," said James Vickers, chairman of Willis Re International. This isn't that surprising, given that the two ...
Hannover Re Sees Rate Hikes in Germany, Stable Rates Elsewhere
Hannover Re, the world's third- largest reinsurer, said it expects higher rates for insurance and reinsurance in Germany following this year's flooding and hailstorms, which led to the most costly ...