Regulation & Compliance
Allianz Mulls Carbon Credit Expansion After Indonesia Investment
Allianz SE, Europe's largest insurer, is considering expanding its business of buying carbon emission credits after getting enough of the certificates from a project in Indonesia to help offset its ...
Seven Straight Years of Reserve Releases: Fitch
Property/casualty industry prior-year loss reserves have developed favorably for seven straight calendar years, according to a new report from Fitch Ratings, which also says the industry reserve ...
Lloyd’s Insurers Face More Bond Losses on Fed Reserve Tapering
Insurers in the Lloyd's of London market, sideswiped by the Federal Reserve's plan to scale back debt purchases, may face more losses as rising Treasury yields erode the value of their short-term ...
Willis Redux of Aon-Berkshire Scheme Will Be Negative for Lloyd’s: Moody’s
Reacting to news that Willis Group Holdings is close to signing up insurers for a "passive underwriting scheme" at Lloyd's of London, Moody's Investor's Services said the new scheme would be a credit ...
Blackstone in Talks to Buy Stake in Goldman’s U.K. Insurer: Source
Blackstone Group LP, the world's biggest private-equity firm, is in talks to buy a stake in Goldman Sachs Group Inc.'s European insurance business, according to a person with direct knowledge of the ...
Judge Allows California Case Against Standard & Poor’s To Proceed
A U.S. judge has allowed the California attorney general's office to proceed with a lawsuit accusing Standard & Poor's of misleading investors by inflating its credit ratings that led to ...
U.S. Regulator Wants Auditors to Add Commentary, Not Analysis
Auditors know a lot about what lurks between the extremes of "pass" or "fail" - the only grades they are now permitted to assign to corporate financial statements - and the U.S. board that oversees ...A.M. Best Puts Tower Ratings Under Review
On Monday, A.M. Best Co. placed the "A-minus" financial strength rating of pooled and reinsured members of the Tower US Pool under review with negative implications. The Oldwick, N.J.-based rating ...