Regulation & Compliance
British Officials, Insurers to Meet Over Flood Recovery
British officials will hold their first meeting with insurers today on how they'll deal with record floods that have so far caused an estimated 600 million pounds ($1 billion) in damage. Cabinet ...
Best Downgrades SPARTA to ‘B++’ as Group Mulls Strategies
A.M. Best Co. announced Friday that it has placed the ratings of SPARTA Insurance Group's members (collectively known as SPARTA) under review with negative implications. The rating agency action ...
AIG Plans Islamic Reinsurance (Retakaful) Venture in Malaysia
American International Group Inc. is plotting its entry into Malaysia's Islamic insurance market, lured by the country's economic expansion and an industry that has grown more than fivefold in less ...
OECD Wants Broker, Insurer Data Included in Tax Evasion Crackdown
Accounts at brokers and insurers need to be included along with banks in a plan designed to share data among governments to crack down on tax evasion, the Organization for Economic Cooperation and ...
U.S. Offers Outline of 2015 Global Climate Pact to United Nations
The United States on Wednesday submitted to the United Nations its vision for a new international climate agreement that is "built to last," outlining what it thinks should be the main elements of a ...U.S. Releases Guidelines for Improved Corporate Cybersecurity
The U.S. government on Wednesday released the final version of standards meant to help companies in nationally critical industries better defend against cyber attacks, and officials now face the ...
Reinsurance CEOs: What Alternative Capital Means to Traditional Industry
The hottest topic in the reinsurance world was on the agenda at the Property/Casualty Insurance Joint Industry Forum in January, where two reinsurance executives gave different perspectives on what ...U.S. to Unveil Voluntary Guidelines for Corporate Cybersecurity
The U.S. government is expected on Wednesday to release the final version of voluntary standards meant to help U.S. companies in nationally critical industries better protect themselves against cyber ...