News
Some Question Labeling 9 Global Insurers Systemically Important
Europe's insurers criticised the approach taken by international regulators which named firms considered systemically important as they try to reduce financial risks from the sector. Two global ...
A.M. Best Revises Give Thumbs Up To Lloyd’s
On Friday, A.M. Best Europe–Rating Services Limited announced that it revised the outlook of its A (excellent) financial strength rating for Lloyd's to positive, affirming the rating and moving the ...
UN Warns On Mobile Cybersecurity Bugs In Bid To Prevent Attacks
A United Nations group that advises nations on cybersecurity plans to send out an alert about significant vulnerabilities in mobile phone technology that could potentially enable hackers to remotely ...
U.S. SEC Says As Red Flags Waved, SAC’s Cohen Waved Them
"Failure to supervise" is not the sort of charge that typically grabs Wall Street's attention. Unless the target is one of the world's best-known hedge fund managers. In an order on Friday, the U.S. ...
Hanover Stone Partners Adds Former Lloyd’s USA Leader To Risk Advisory Roster
Bolstering its resources to provide risk management consulting services to insurance and reinsurance carriers, Hanover Stone Partners recently announced that Winifred Baker, a former executive of ...
Fitch Sees Limited Credit Improvement For G-SIIs; Predicts Some Will Work To Get Off List
Reacting to the Financial Stability Board's identification of nine global systemically important insurers, Fitch Ratings sees only a "modest improvement" in the insurers' credit profiles, with higher ...
Nasdaq Forum Website Hacked, Passwords Compromised
Cyber-criminals targeted Nasdaq OMX Group's community forum website and gained access to the email usernames and passwords of the members of the site, which took two days to come back online on ...
ACE Names Sullivan Chairman for Asia Pacific; Ortega, McNamee to New Posts
The ACE Group has named Damien Sullivan as chairman of the company's Asia Pacific region. He is currently the region's president. As chairman he will focus on governance, strategic planning and ...