News
Are Traditional Insurers Ready For P2P Car-Sharing Challenges, Opportunities?
The emerging trend in sharing personal assets—sometimes referred to as "collaborative consumption" or "the sharing economy"—presents challenges and opportunities to property/casualty insurance ...
Charman In As CEO At Endurance, Replacing Cash
Bermuda-based Endurance Specialty Holdings Ltd. announced on Tuesday that its board of directors elected John R. Charman as Endurance's chief executive officer, replacing David Cash, who is stepping ...
AIG Ex-CEO Greenberg Hopes Court Will End Spitzer Suit Over Reinsurance
Maurice "Hank" Greenberg, the former chief executive officer of American International Group Inc., is set to ask New York's highest court today to clear his name and dismiss what remains of an ...
Small Company Managers Better at Protecting Against Overpriced Stock Offers: Study
A new study from the University of Iowa suggests that managers of small firms better protect their shareholders' stock value by fending off potential acquisitions by larger firms with overpriced ...Accounting Professors Back BP’s Fight To Cap Oil Spill Payouts
A group of accountancy professors is backing BP's fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow threatens to add billions of dollars to its bill for the ...
Regulatory Risk Tops All Others For Financial Services Execs
According to a new KPMG International survey report, regulatory pressure is consistently one of the biggest threats facing companies across industries, and the number one challenge facing financial ...
U.S. Audit Regulator Reaches Deal With China On Document Access
U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of bungled audits after a two-year stand-off between China and the ...European Banks Boosted by Once-Toxic U.S. Mortgage Bonds
The U.S. mortgage bonds that were exported around the globe and triggered the worst financial crisis since the Great Depression are now helping Europe's banks and governments repair balance sheets ...