News
FDIC to Define Non-Bank Financial Firms Under Resolution Powers
The Federal Deposit Insurance Corp. board will vote on rules defining whether a non-bank company is engaged in financial activity to an extent that would subject it to the agency's liquidation in the ...Scor to Buy Generali Reinsurance Unit for $750 Million
Scor SE agreed to purchase the U.S. reinsurance unit of Assicurazioni Generali SpA as part of a plan by Italy's biggest insurer to boost capital. Scor, France's largest reinsurer, would pay about 579 ...
AIG, Prudential Named ‘Systemically Important’ by Financial Stability Council
American International Group Inc., Prudential Financial Inc. and a unit of General Electric Co. were identified by U.S. regulators as potential risks to the financial system in a step toward putting ...Turkey and South Africa: A Tale Of Two Emerging Markets
Messy politics, economic slowdown and a balance of payments deficit: four days of violent anti-government protests across Turkey are reminding investors of another emerging market—South Africa. ...
In Spite Of Risks, Turkey Attracts Carriers
With a skilled workforce, dynamic private sector, growing middle class, nascent democratic government, and strategic geographic position, Turkey represents a tantalizing opportunity for ...
American Safety Being Sold; Fairfax Financial, Tower Group Buying Parts
Fairfax Financial Holdings Limited and American Safety Insurance Holdings, Ltd. have entered into a $306 million merger deal, with Fairfax acquiring all of the outstanding shares of American Safety ...Facultative Reinsurance Spending Down: Faber Global
Several large UK cedants are reducing their spending on facultative reinsurance, according to the view taken by Vanessa Macdonald-Smith, team leader at facultative reinsurance broker, Faber Global, a ...
Tokyo Prepares for 1-in-200-Year Flood to Top Sandy
Tokyo, the world's most populated metropolis, is building defenses for the possibility of a flood in the next 200 years that could dwarf the damage superstorm Sandy wrought on the U.S. East Coast. ...