Regulation & Compliance
For Good Measure: Connecting Corporate Strategy With Risk Tolerance
When early seafarers began to chart the world's distant corners for the first time, a crucial component to the required technology was measurement. Measures needed to be both accurate and practical. ...
New York Issues First-of-Their-Kind Cyber Regs for Insurers and Banks
New York Governor Andrew Cuomo on Tuesday issued long-anticipated proposed cyber security regulations for banks and insurers in the state, the first of their kind in the United States by any state or ...
Top 25 Non-Life Reinsurers: Swiss Re Leads, Berkshire Drops in A.M. Best’s 2016 Ranking
Swiss Re landed on top of a ranking of global non-life reinsurers, just edging out Munich Re by a few hundred million dollars in premium on a list extracted from an A.M. Best analysis. The rating ...
S&P Boosts Outlook for PartnerRe, Reassured by Its Hands-Off Owner EXOR
PartnerRe gets an outlook upgrade courtesy of Standard & Poor's, due in part to the ratings agency's admission that the reinsurer remains relatively autonomous from its new owner, EXOR. Standard ...
Europe’s Top Cedents Saw Cessions Jump by Double Digits in 2015: A.M. Best
Europe's top cedents reported a double-digit hike in cessions for 2015 compared to the previous year. The trend stems from their taking advantage of cheap and bountiful reinsurance capacity, A.M. ...
St. Jude Medical Short Seller’s Heart Device Allegations Spur Lawsuit
St. Jude Medical Inc on Wednesday filed a lawsuit against short-selling firm Muddy Waters and cyber security company MedSec Holdings Ltd, saying they intentionally disseminated false information ...
Reinsurers’ Profits Risk Falling Below Cost of Capital: S&P
Reinsurers' profits will soon drop below their cost of capital and could remain there until the underwriting or investment cycle turns, according to Standard & Poor's in a new report. S&P ...
Cat Bond Payments Match Traditional Reinsurers on Reliability Scale: S&P
Some traditional reinsurers have asserted that catastrophe bonds are unreliable in terms of paying claims after major events. A new Standard & Poor's article rebukes that idea. "We have explored ...