Regulation & Compliance
CFOs Reveal Wackiest Expense Report Submittals; What to Do About Them
If you're a CFO who has been doing a double-take at some of the expense reimbursement requests submitted for your approval, you're not alone. Only 11 percent of executives reported a drop in ...
Are Carriers Facing a Paper Bias for Notices of Cancellation and Nonrenewal?
The insurance industry has been notoriously slow to fully embrace electronic forms of commerce and there may be good reasons for the hesitation. Until recently, antiquated, prescriptive requirements ...
Chubb Designs New Coverage for Independent Directors of Mutual Funds
Chubb started marketing a new policy designed to help protect independent directors of mutual funds. The product's name: CODA Premier Mutual Fund Independent Director Liability Excess DIC policy. ...
MetLife Beats Back U.S. Government’s Too-Big-to-Fail Label
MetLife Inc. beat back a U.S. attempt to label it too big to fail, which would've put America's biggest life insurer under tougher government scrutiny and forced it to put more money in reserves. A ...
Graphic Insight: Stronger Results for Regionals in 2015
Although operating earnings for a group of 31 property/casualty commercial insurers analyzed by Fitch Ratings decreased more than 7 percent in 2015, some of the smallest—a group of five regional ...
ACP Re’s Late Financials Lead to A.M. Best Review with Negative Implications
ACP Re Ltd., a Bermuda reinsurance company with multiple property/casualty subsidiaries, is finding its A.M. Best ratings under review with negative implications. A.M. Best said the "under review ...
Low Catastrophes, High Reserve Releases Mask Reinsurance Industry Weakness
Weak business conditions in the reinsurance industry are being masked by a low level of catastrophes and a high level of reserve releases, said Standard & Poor's Ratings Services and Fitch ...
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 ...