U.S.
U.S. ORSA Reports Need Improvement: Regulator’s Viewpoint
If U.S. regulators graded insurers on their ORSA reports, the report cards might say "incomplete" or "needs improvement," a representative of the National Association of Insurance Commissioners ...
AGCS Grows North America Entertainment Arm, Plans Global Expansion
Allianz Global Corporate & Specialty is beefing up its entertainment division in North America with four new hires. A key executive with the division promises that the expansion will ultimately ...
BofA Scores During Appeal in $1.2B Mortgage Loan Fraud Case
Bank of America Corp.'s Countrywide Financial unit was exonerated of allegations that it sold defective residential mortgage loans to Fannie Mae and Freddie Mac with an appeals court throwing out a ...
The Real Story Behind Bermuda Insurers’ Premium Jump
At first glance, Bermudian re/insurance companies appeared to start the year with a bang, reporting a 21 percent increase in consolidated gross premiums written (GPW), according to a new report ...
Chubb to Provide High-Net-Worth Personal Insurance Customers With Customizable Protection
Chubb has announced a partnership to provide specialized home protection services to high-net-worth personal insurance customers in the United States. The insurer is teaming up with ADT Security ...
La Niña May Be Coming, Along With Higher Atlantic Hurricane Risks
Think of it as Mother Nature's roller-coaster ride: the shift between the weather patterns known as El Nino and La Nina that, at their worst, can cause havoc worldwide. El Nino—spurred on by a ...
AIG, Prudential Won’t Need Bank Capital Rules: Fed Reserve Governor
U.S. insurers deemed big enough to threaten the financial system will probably face capital standards that are simpler and less costly than those imposed on Wall Street banks, Federal Reserve ...
The Latest Launches from XL Catlin, Guy Carpenter and Assurant
Guy Carpenter & Co. and a partner are coming up with a new cyber aggregation model. XL Catlin beefed up its professional liability coverage for small U.S. architectural and engineering firms. ...