Regulation & Compliance
The SEC War on Greenwashing Has Begun
For all the greenwashers out there on Wall Street, the party may really be over. There's now little doubt that the U.S. Securities and Exchange Commission actually means business in its bid to ...
Financial Firms to SEC Over Proposal to Regulate SPACs: ‘Don’t Kill the Industry’
U.S. financial industry groups are pushing to water down a draft Securities and Exchange Commission (SEC) rule aimed at reining-in special purpose acquisition companies (SPACs), arguing it could kill ...
Chubb Not Declaring Itself Net Zero, CEO Greenberg Says
In addition to predicting greater geopolitical volatility driven by global food and energy insecurity, Chubb's chief executive warned carriers to brace for greenwashing lawsuits on the ...
Innovating to Control Costs: Carriers Seeking Top-Line Growth Amid Bottom-Line Pressures
Given the highly competitive non-life market, and the depressed pricing that accompanies excess capacity, leaders in the global property/casualty insurance and reinsurance markets have found ...
P/C Insurers Positioned for Underwriting Improvement, But Longer-Term Challenges Await
U.S. property/casualty insurers represent a source of stability amid the recent tumult of socioeconomic disruption from the coronavirus pandemic. The industry strengthened its capital base and ...
S&P Upgrades Fairfax Operating Subs to ‘A’; Outlook Stable
On Monday, S&P Global Ratings said it raised the financial strength ratings on the core insurance and reinsurance subsidiaries of Fairfax Financial Holdings Ltd. to "A" from "A-" with a stable ...
U.S. P/C Q1 2022 Underwriting Income Up 5 Percent: AM Best
AM Best reported Friday that first-quarter net underwriting income for the U.S. property/casualty industry rose 4.6 percent to $3.3 billion. Explaining the result, AM Best said that a 10.5 percent ...
Self-Fulfilling Rankings Boost Rating Agency Power: Researcher
Agencies that rate and rank nations, corporations and colleges wield enormous power, influencing investment flows and prompting leaders to pursue policies that might improve their standing. But the ...