Regulation & Compliance
G20 Leaders Seen Endorsing Shadow Banking Rules
World leaders are expected to take a softly-softly approach to regulating the so-called shadow banking sector when they meet in Russia next month to avoid damaging the flow of finance to the global ...
Islamic Finance Body Develops First Cross Border Market with $490 Million Sukuk
A consortium of central banks from Asia, the Middle East and Africa has taken a first step towards developing a cross-border market in Islamic financial instruments by issuing a $490 million sukuk. ...
Top 10 Non-Life Reinsurers: A.M. Best Ranking
There is only one new name on the latest ranking of the top 10 global non-life reinsurers, with China Reinsurance (Group) Corp. replacing Transatlantic Reinsurance Co. on a list extracted from an ...
Is Third-Party Capital Wave Overshadowing Re Market? A.M. Best Weighs In
Although the true reinsurance appetite of third-party capital may not be as big as recent industry headlines suggest, the likely result of the actual influx, when combined with existing capital, will ...
Travelers to Exit Flood Insurance Write-Your-Own Program
The Travelers Companies said it plans to discontinue its participation as a Write-Your-Own (WYO) company in the National Flood Insurance Program. Travelers is selling its WYO policy renewal rights ...
Nasdaq Shutdown Forces SEC’s White Into Fight With Market Perils
A three-hour shutdown of the Nasdaq Stock Market marks the first test of Securities and Exchange Commission Chairman Mary Jo White's ability to push through stronger technology safeguards for ...Meadowbrook Receives Waiver for Covenants, Will Pay Dividend
Meadowbrook Insurance Group Inc., the insurer that had its rating cut this month by A.M. Best, said it received a waiver from lenders after violating two financial covenants. The waiver is effective ...
Big Malpractice Awards Don’t Increase Medical Costs: Cohen
A jury in one of New York's most conservative counties recently returned a $130 million verdict in a medical-malpractice case, the second-largest in the state's history. Lawyers for the losing ...