financial institutions Archives - Carrier Management

Insurers, Banks Must Take Bigger Steps to Counter Climate Change Risks: Dutch Regulator

Banks, insurers and other financial institutions must do more to take into account the risks posed by climate change to their business, a Dutch Central Bank study said. As global warming increases ...

Nexus and XL Catlin Ink 3-Year Deal to Write Financial Lines in Asia

Nexus Underwriting, the independent specialty managing general agent (MGA), has signed a three year underwriting capacity deal with XL Catlin in Asia through XL Insurance Co. SE. Through its new ...

Consortium of 20 Insurers Offers Coverage for Derivatives Clearinghouses

A group of insurers is for the first time offering to shoulder risk for clearinghouses backing hundreds of millions of derivatives trades, proposing more protection in markets where a collapse could ...

EU Commission Fines Banks $2.3B for Benchmark Rigging

EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of 1.71 billion euros ($2.3 billion) on Wednesday for rigging ...