Regulation & Compliance
British Insurers Vow Quick Response for Flood Victims
British insurance companies told a meeting with government ministers yesterday they are prepared to act quickly to help victims of record floods that have so far caused an estimated 600 million ...
China Relaxes Investment Rules for Insurance Companies
China's insurance regulator loosened curbs on insurers' investments, scrapping ceilings on fixed- income holdings and simplifying rules to help the industry bolster returns. The China Insurance ...
Woodall, FSOC’s Insurance Expert, Approved as International Regulatory Observer
Roy Woodall, the insurance sector voting member of the Financial Stability Oversight Council, will finally be getting involved in the International Association of Insurance Supervisors (IAIS) but as ...
Automated Taxiing Technology to Boost CEOs’ Jet Safety
Cockpit technology to cut the risk of on-ground airport collisions is moving toward commercial adoption as Honeywell International Inc. targets business jets like those favored by chief executive ...
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 ...