Regulation & Compliance
SCOR, Swiss Re and Munich Re Win Fitch Ratings Upgrades
Fitch issued ratings upgrades for SCOR, Swiss Re and Munich Re and affirmed the ranking of a fourth reinsurer: Hannover Re. Each reinsurer received scrutiny because of their scale, diversity, and ...
Allianz Exec Views Hedge Funds as Insurance Industry Asset
Chris Fischer Hirs, the head of Allianz SE's specialty insurance business, said he welcomes the growing participation of Wall Street in the insurance industry as an opportunity, not a threat. "Hedge ...
Effective compliance management in insurance relies on well-organized information and digital processes that accurately reflect producer relationships across multiple interconnected...
Bermuda Adopts Solvency II ‘Equivalency’ Measures
A bulletin from Bermuda notes that the island's parliament took regulatory action this week to align its regulatory insurance procedure. The goal: recognition by the European Commission as being ...
‘Clean’ Audit Reports Have Hidden Warnings That Investors Miss
Investors may be overlooking information about financial misstatement risk in unqualified audit reports, according to research from the McCombs School of Business at The University of Texas at ...
Bank of England to Give December Verdict on Solvency II Insurer Risk Models
The Bank of England will issue its verdict in December on the models insurance companies use to quantify risk and determine capital requirements as the industry prepares for the new European Union ...
IMF Cautions U.S. on Global Economic Turmoil; Urges National Insurance Regulator
A global slowdown in economic growth, together with political and economic upheaval in places like Greece, the Middle East and Ukraine, could hurt U.S. growth going forward, the International ...
ISO and SFAA Announce Web-Based Reporting Solution
ISO and The Surety & Fidelity Association of America (SFAA) have launched a new Web-based tool to help make it easier for surety and fidelity bond carriers to manage the growing amounts of ...
Regulators of Aetna Humana Deal Could Question Other Insurer Deals
Aetna Inc.'s $37 billion deal to buy smaller health insurer Humana Inc. will face rigorous scrutiny from U.S. regulators, which antitrust experts said could also make other large-scale mergers in the ...