Regulation & Compliance
Fitch Ratings: Bermuda Reinsurers Adapting To a Tough 2015 Ahead
Merger-mania may be accelerating among property/casualty reinsurers. But as Fitch Ratings sees it, the Bermuda market in 2015 is adapting in the face of heavy competition, alternate sources of ...
The Number of Securities Fraud Class Action Lawsuits Is Dropping
The size of federal class action lawsuits accusing companies of securities fraud has dropped significantly, new studies show, as the bull market in stocks approaches its sixth birthday. Losses ...
S&P, A.M. Best Voice Caution over $11B AXIS/PartnerRe Merger Plan
AXIS Capital Holdings Ltd. and PartnerRe Ltd's plan to merge in a massive $11 billion deal is drawing a cautious response from insurance ratings agencies and analysts. Standard & Poor's said on ...
State Auto Risks Moody’s Ratings Downgrade
State Auto Financial Corp. might end up getting a ratings downgrade from Moody's Investors Service in the wake of news that it strengthened reserves by $72 million pre-tax in the 2014 fourth quarter. ...
More Transparency Expected as U.S. Regulators I.D. Risky Financial Firms
The top U.S. financial risk watchdog on Wednesday pledged more transparency in procedures it uses to designate firms as super-risky, a promise that followed a flood of criticism from insurers and ...
It’s Time for U.S. Insurers to Push Ahead on Climate Change: Deloitte
While U.S. property/casualty insurers have been dealing with the effects of weather and climate changes for years, 2015 may be the year they start zeroing in on the idea of attacking global warming ...
S&P to Pay $80M Fine, Accept Suspension in Mortgage Bond Rating Case
Standard & Poor's agreed to be suspended from rating the biggest part of the commercial-mortgage bond market and pay almost $80 million to state and federal authorities over claims it bent ...
MetLife Suing Over FSOC Designation
MetLife Inc. on Tuesday sued U.S. regulators over a decision to subject the insurer to tougher oversight because it harbors enough risk to endanger the financial system if the next crisis hits. The ...