Regulation & Compliance
More Regulatory Uncertainty: Coping With Brexit
Have you ever been skydiving? If, like me, you're a newbie with a healthy fear of jumping out of an airplane thousands of feet above the ground, the trick is to never quite believe it's going to ...
GE’s Slimmed Down Financing Arm Sheds ‘Too Big To Fail’ Designation
General Electric Co.'s slimmed down financing arm shed its "too big to fail" designation on Wednesday, no longer deemed by the U.S. government "systemically important" and so liable to wreck the ...
A Top Priority: Regulators Tackle Cybersecurity
Of all the issues currently facing the insurance industry, perhaps none is more important than cybersecurity. The recent data breaches at four insurance companies focused attention on the insurance ...
Highlights of the Insurance Data Security Model Law
A draft of the Insurance Data Security Model Law was released by the Cybersecurity (EX) Task Force in March. Insurers and others have been commenting on the release through written letters and during ...
Ironshore Freed From A.M. Best’s ‘Under Review’ Status
A.M. Best has changed its mind about Ironshore, removing the Bermuda-based specialty insurer from its status as "under review with negative implications." A year after initially taking action, the ...
Lloyd’s Faces Post-Brexit Risks: Fitch Ratings
A British departure from the European Union generally won't harm the country's "resilient" property/casualty insurance sector, though there are some risks in play for Lloyd's members, Fitch Ratings ...
Margin of Loss Reserve Adequacy Down to 2%; Well May Run Dry: Conning
Loss reserves for the U.S. property/casualty industry are still adequate, but the fat was trimmed down to roughly 2 percent of overall carried reserves for year-end 2015, an analyst reported last ...
UK’s Insurance Act May Lead to More Intense Rate Competition: Fitch Wire
A new U.K. law, designed to make it harder for insurers to dispute commercial insurance claims, could lead to more intense price competition and slimmer margins for the sector, according to Fitch ...