Regulation & Compliance
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 ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
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 ...
Insurer Capital Strength Could Suffer With COVID-19 Second Wave: S&P
Insurers largely withstood the first wave of COVID-19 thanks to their capital strength. They may not be so lucky when a second wave comes, S&P Global Ratings said in a new report. "A second wave ...
S&P Welcomes Allstate’s $4B Bid for National General
Allstate Corp.'s plan to pay $4 billion for National General Holdings Corp. and become a dominant player in the independent agency channel drew a positive response from S&P Global Ratings. A few ...
CoreLogic Rejects Unsolicited Bid, but Willing to Meet Bidders
CoreLogic's Board has unanimously rejected an unsolicited bid from an investment firm and hedge fund, calling it undervalued and not in the best interest of shareholders. The action is in response to ...