Regulation & Compliance
To Succeed, Detroit’s Deal with Syncora Needs Backing From Other Creditors
The fate of Detroit's watershed settlement with Syncora Guarantee Inc. may hinge on whether the bond insurer can win concessions from other creditors, including Bank of America Corp. and retired city ...
U.S. Government Will Revisit Oil Train Risks
U.S. studies of oil train dangers may have underestimated the perils of volatile vapor on the tracks and officials will in future use precision instruments for more thorough tests, a Transportation ...
Brokers and Hedge Fund Lose Bankruptcy Claim Against Lehman
Co-underwriters with Lehman Brothers Inc. don't have so-called contribution claims against the liquidated investment bank related to offerings in which it was the lead underwriter in the sale of its ...
Hedge Funds Shut Out Nonprofits in FHA Sale of Distressed Loans
The U.S. Federal Housing Administration started selling distressed loans in 2012 to help communities hit hard by foreclosures while also reducing losses to its taxpayer-backed insurance fund. Two ...
S&P, Fitch Offering Clearer Windows Into Insurer Rating Processes
Since Standard & Poor's unveiled its updated criteria for rating insurers in May of last year, nothing much has changed with rating agency models, and few ratings changed in response to S&P's ...
S&P: Reinsurers Downplay Climate Change at Their Own Risk
Reinsurers must not take climate change for granted or underestimate its impact. If they do, they risk dealing with higher levels of catastrophic risks that fall way outside of their financial ...
Regulatory Change Positions Pakistan’s Insurance Sector For Expansion
Pakistan's insurance sector is set for a boost in competition which could help spread the uptake of insurance after the industry regulator allowed conventional firms to offer sharia-compliant ...
Assessing Reinsurers: It’s About Talent, Not Capital
The movement of third-party capital into the reinsurance space was a constant theme of a recent seminar during which A.M. Best SVP Matt Mosher predicted that reinsurers will ultimately evolve into ...