Regulation & Compliance
PartnerRe’s $6.9B Sale to EXOR Closes; Fitch Responds with Ratings Downgrade
PartnerRe's new owner EXOR has closed its $6.9 billion acquisition of the Bermuda-based reinsurer, and Fitch Ratings quickly responded with a ratings downgrade that reflects some pessimism over the ...
P/C Industry Groups Wary, Cautious Watching the 2016 Presidential Campaign Unfold
Property/casualty insurance lobbyists are watching the volatile 2016 U.S. presidential campaign unfold with both wariness and cautious optimism, unsure of what the future will bring with the likes of ...
Efforts to Shake G-SII Tags May be Futile: S&P
Global insurers that have been tagged as systemically important by the Financial Stability Board may not help their cause by breaking up lines of business in efforts to de-designate themselves, ...
A.M. Best Unveils Drafts of New BCAR, Methodology; Q1 2017 Target for Final
On Thursday, A.M. Best published proposed revisions to its core credit rating methodology and to its U.S. property/casualty capital adequacy ratio, targeting a first-quarter 2017 date for the actual ...
Regulatory Tools Too Focused on Individual Company Risks
Regulatory tools to assess risk in the financial sector focus too much on individual companies, according to a new report from HEC Paris business school. While regulators have been working to ...
The Hartford CEO Swift to Become Next AIA Chairman
The Hartford Chairman and CEO Christopher Swift is taking on a primary leadership role with one of the property/casualty industry's main lobbying groups. Swift is slated to become chairman of the ...
AIG Scores a Fitch Ratings Affirmation and Swiss Re Deal
Fitch Ratings gave American International Group a small bit of good news, even as the property/casualty insurance giant struggles to reorganize, respond to profitability declines and deal with ...
Global Regulators Propose Stricter Banking Rules to Address Cyber and Fraud Risks
Global regulators have proposed stricter rules on how banks calculate the amount of capital they need to cover risks to operations from cyber attacks, fraud or hefty fines. The proposals are the ...