Risk & Capital Management
Prudential Gives Up Fight Over Systemic Risk Designation, Increased Regulation
Prudential Financial Inc., the second-largest U.S. life insurer, abandoned its challenge to a U.S. designation from a Treasury Department panel that subjects the company to increased regulatory ...
Does, Should, Will TRIA Cover Cyber Terrorism?
The insurance industry will count on the Terrorism Risk Insurance Act (TRIA) if there is a terrorist strike on the United States, but will the program respond if the act of terrorism is a cyber ...
Fitch: Global Insurance Capital Standard Adds Uncertainty
Plans by the Basel-based International Association of Insurance Supervisors (IAIS) to develop a risk-based global insurance capital standard add further uncertainty for the insurance industry, ...
Economists Say Washington Fiscal Politics Hurts Economic, Jobs Growth: Reuters Survey
U.S. economic growth this quarter is likely to be less robust than forecast last month given the erosion of confidence in the wake of the nasty fight over fiscal policy, a Reuters survey showed on ...
Q&A on Risks of U.S. Treasury Default
U.S. lawmakers are negotiating to raise the debt ceiling before the Treasury is expected to run out of funds, leaving the country at risk of defaulting on its debt. Below are some key questions ...
Allianz CEO: Capital Rules Fuel Artificial Pricing of Bond Risk
Michael Diekmann, chief executive officer of Allianz SE, Europe's biggest insurer, said capital rules that encourage financial companies to invest in sovereign bonds are thwarting a solution to the ...
‘Once in Decade’ Typhoon Threatens Tokyo
A once-in-a-decade typhoon threatened Japan on Tuesday forcing the cancellation of flights and trains and disrupting oil shipments as it made its way across the Pacific directly towards the capital, ...
Assessing ERM: S&P Puts Risk Culture in Focus
Stock prices of publicly traded insurers with stronger enterprise risk management programs show less stock price volatility than stock prices of carriers with weaker risk management programs. At ...