Regulation & Compliance
Fitch: China Insurers Will Face Bulk of Insured Losses From Explosion
China's homegrown insurers will likely face the bulk of the financial losses from massive explosions at a chemical storage site in Tianjin earlier this month. What's more, the claims could hurt, ...
European Captive Insurers Using Solvency II Regs to Improve Themselves: A.M. Best
When Solvency II capital standards first became known, owners of captive insurers viewed the new regulations as burdensome and costly. But European captives and their owners view requirements as an ...
S&P Negative Watch For Berkshire Hathaway Hits Nearly 1,000 Muni Bonds
Municipal bonds from California to Puerto Rico may lose their second-best credit rating from Standard & Poor's after the company put Berkshire Hathaway Inc. and its core insurance units on a ...
U.K. Insurers Hit With Tougher Financial Conduct Rules
U.K. insurers face tougher conduct rules as the Financial Conduct Authority makes it easier to hold individuals at financial firms to account for failures on their watch. The FCA issued final rules ...
Iran, Minus Sanctions, Could Be Huge Boon For Insurers/Reinsurers: A.M. Best
The potential lifting of trade sanctions on Iran could present a huge opportunity for insurers and reinsurers in the months and years ahead, A.M. Best concluded in a new briefing. Right now, the ...
Validus’ PaCRe Gets A.M. Best Negative Outlook, Withdraws From Rating Process
PaCRe Ltd. must deal with a negative outlook from A.M. Best, which has also withdrawn its ratings of the fledging, Bermuda-based reinsurer. The ratings statement does include some good news. A.M. ...
S&P: Berkshire Hathaway Risks Ratings Cut Over $37.2B Acquisition
News this week that Berkshire Hathaway Inc. plans to spend $37.2 billion to acquire Precision Castparts Inc. is troubling Standard & Poor's. The ratings stalwart placed the company and its ...
P/C Insurers Still Struggle to Attract Younger Employees: A.M. Best Survey
The property/casualty insurance industry is meeting its hiring needs, but still struggling to attract younger employees and overcome its stodgy reputation, A.M. Best determined in a new survey. ...