U.S.
SEC Officials Frustrated with Slow Pace of Dodd-Frank Rules
Top U.S. Securities and Exchange Commission officials are frustrated over lack of progress in finalizing rules for credit rating agencies and asset-backed securities (ABS), seen by regulators as ...
SEC Fraud Case Against Goldman Sach’s ‘Abacus’ Trader Goes to Trial
The U.S. Securities and Exchange Commission heads to trial Monday against a former Goldman Sachs bond trader in a case it says highlights what went wrong on Wall Street in the financial crisis. Jury ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Former AIG Chief Greenberg Sues Spitzer For Defamation
Former American International Group Chief Executive Maurice "Hank" Greenberg sued Eliot Spitzer on Friday, alleging the former New York governor defamed him in several statements to the press, ...Enstar Deal Prompts A.M. Best Review Of Torus
A.M. Best Co. put the A-minus (excellent) financial strength ratings of Torus Specialty Insurance Company and Torus National Insurance Company under review with negative implications yesterday. The ...
U.S. Energy Sector At Risk From Climate Change: DOE Report
Rising temperatures and sea levels will profoundly impact the U.S. energy sector in coming years, the U.S. Department of Energy said in a report released on Thursday that outlined the need to ...
U.S., China Agree to Restart Investment Treaty Talks
The United States and China agreed on Thursday to restart stalled negotiations on an investment treaty, with Beijing dropping previous efforts to protect certain sectors of its economy from the ...
Ex-AIG CEO Sullivan Joins Antares
London-based Antares Managing Agency Limited reported that Martin Sullivan has been appointed as non-executive chairman. Sullivan began his insurance career in 1971 with American International Group ...
Senate Told Fed Is Confined to Bank-Based Approach for Insurers
The Federal Reserve is working to modify a bank-based capital model to cover insurance companies as much as they can under Dodd-Frank Act restraints, Fed Governor Daniel Tarullo told lawmakers at a ...