Regulation & Compliance
S&P Bumps AIG’s Rating Outlook Down to Negative, Despite New Leadership
American International Group made a big move recently in hiring Brian Duperreault to lead the struggling insurance giant, but Standard & Poor's was not impressed. The ratings agency revised its ...
CEO Zyskind’s Family Injects $300M into AmTrust
AmTrust Financial Services Inc., a provider of specialty property and casualty insurance including workers compensation, surged in New York trading after members of the chief executive officer's ...
Duperreault’s AIG Arrival Helped Free It From A.M. Best Review With Negative Implications
A.M. Best released American International Group from "under review" special scrutiny, in part because the struggling insurance giant brought in industry veteran Brian Duperreault to help right the ...
China Reportedly May Delay Full Launch of New Cyber Security Rules
China may delay full implementation of controversial new cyber security rules, giving companies more time to prepare, two people who attended a meeting on Friday between the country's internet ...
MetLife ‘Too Big to Fail’ Case on Hold: U.S. Appeals Court
A U.S. appeals court on Friday granted a 60-day pause in the long-running case in which the country's largest life insurer, MetLife Inc., has challenged the federal government's labeling of it as ...
AIG’s Problems Worsened U.S. Commercial Lines Insurance Sector’s 2016 Decline: Fitch
While U.S. commercial lines insurance had been a relatively bright spot among property/casualty insurers, the sector is facing some clear deterioration due to weakening premiums and poor loss ...
AmTrust Spent More than $33M to Clean Up Accounting Issues
AmTrust Financial released its 2017 Q1 earnings statement on May 8, after pursuing an audit and having to restate a few years of earnings due to financial reporting concerns. Cleaning up its ...
Implications of NYDFS Regulations on Cyber and D&O Exposure
March 1, 2017 marks the effective date for the first-of-their-kind cybersecurity regulations from the New York Department of Financial Services (NYDFS). The regulations, which will be phased in over ...