Regulation & Compliance
What Happened to Hedge Fund Reinsurers?
The latest group of reinsurers to emerge in the Bermuda market is starting to look different. Even the name that once described the cohort has changed in the past five years. And at least one member ...
European Insurers Urge Regulators to Avoid Banning Dividends Due to COVID-19
Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time to report their capital positions, European insurers said on Monday. The ...
Hurricane Laura Rivals Katrina’s Threat to US Oil Industry
Oil production shutdowns in the U.S. Gulf of Mexico are approaching the level of 2005's Hurricane Katrina, and coastal refiners on Tuesday scrambled to cut processing ahead of a major hurricane ...
PartnerRe Makes Bonneau CEO While Dealing With Pandemic-Hammered Q2 Results
A former Chubb executive is officially the new president and CEO of PartnerRe Ld., taking over as the Bermuda-based reinsurer reported 2020 second quarter results hammered by COVID-19 challenges. The ...
Germany Plans Regulation Reform For Insurers, Banks, Payment Firms on Wirecard Collapse
German Finance Minister Olaf Scholz intends to unveil a reform of the government's financial oversight, as the widening scandal over the collapse of Wirecard AG reaches the highest levels of ...
Bayer Roundup Damages Reduced, but Verdict Appeal Fails
Bayer AG failed to persuade a California appeals court to overturn a verdict favoring a school groundskeeper who claimed its Roundup weed killer caused his cancer but reduced the amount of damages by ...
FBI Hunts for Twitter Hackers Who Hit Biden, Obama, Musk, Others
The FBI is leading an inquiry into the Twitter hacking, according to sources familiar with the situation, as more Washington lawmakers raised alarms about the breach of high-profile accounts on the ...
Is a ‘Class of 2020’ Emerging?
Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up insurance and reinsurance companies, garnering AM Best ratings still ...