Regulation & Compliance
Loeb Reinsurer Faced SEC Push to Improve Investment Disclosure
The U.S. Securities and Exchange Commission pushed a reinsurer co-founded by billionaire hedge fund manager Dan Loeb to provide more information about investments ahead of last month's initial public ...
Fitch Upgrades CNA’s Ratings to A; Outlook Stable
Fitch Ratings said Monday that it upgraded the insurer financial strength ratings of CNA's property/casualty insurance subsidiaries to "A" from "A-minus," explaining that steady improvements in ...
Financial Stability Board’s Report Misses the Mark: PCI Executive Perspective
In the United States, football season has just arrived. In Europe, football season has been underway since August. While both are sports and both sports are called "football," they couldn't be more ...
New York Financial Services Regulator Probes PwC In Independence Probe
New York state's banking regulator subpoenaed PricewaterhouseCoopers and Promontory Financial Group as part of an effort to reform the consulting industry, according to people familiar with the ...
Keep Stricter Audit Committee Standards Flexible, Argues New Canada-Based Study
Independent, financially-literate audit committees lead to higher firm values and less diversion of resources by management, shows a new study by researchers at the University of Toronto. But the ...
Critics Take Aim at Crop Insurance Subsidies, Insurers’ Profits
Former American International Group Inc. chief Maurice "Hank" Greenberg has a new business partner: the U.S. taxpayer. Greenberg's Starr Indemnity & Liability Co. is one of 18 companies approved ...
U.S. House Panel Probes Obsolete Technology at SEC
A U.S. House of Representatives committee is investigating whether federal securities regulators are using last century's tools to review corporations' books despite a rule that requires them to use ...
World Bank Insurer Posts Third Record Year on Power Projects
Political risk insurance provided by a World Bank Group agency in developing nations rose for a third straight year to a record, led by guarantees on power projects from Angola to Bangladesh. The ...