Risk & Capital Management
U.S. Risk Council Designates Prudential for Tougher Oversight
Insurer Prudential Financial Inc. said the U.S. financial risk council has designated the company as systemically risky in a final vote, bringing it under stricter regulatory oversight. Prudential ...
Obama’s Energy, EPA Chiefs Say Climate Plan Won’t Kill Coal
New rules limiting emissions from U.S. power plants that are expected to be proposed on Friday will "provide certainty" to the coal industry, environment and energy chiefs told lawmakers anxious ...
Germany’s Ergo Expects Asia, Eastern Europe Premium Growth
Munich Re's insurance unit, Ergo Versicherungsgruppe, plans to increase international premiums by more than a fifth over the next five years on sales in Asia and eastern Europe. "We aim to increase ...
NAMIC Opposes Efforts to Delay Flood Insurance Reforms
The National Association of Mutual Insurance Companies on Wednesday released a statement urging Congress to resist efforts to delay the reforms adopted under the Biggert-Waters Flood Insurance Reform ...
Tokyo Riskiest City Due to Natural Disaster Exposure
Japan's Tokyo-Yokohama region is the riskiest place in the world to do business, in terms of the potential human and economic costs of a possible natural catastrophe, a study found on Wednesday. The ...Hacker Group in China Linked to Cyber Attacks Against U.S. Firms: Symantec
Computer security experts have discovered a group of highly sophisticated computer hackers operating for hire, a U.S computer security firm said, and it linked the group to some of the best-known ...
PwC to Build Insurer Risk Group After Hiring Essert
PricewaterhouseCoopers LLP's Henry Essert is building a group that consults with insurance companies on risk management as regulatory scrutiny intensifies, after joining the firm from BlackRock Inc. ...Goldman-to-Soros Backed Mortgage Insurer Essent Files for IPO
Essent Group Ltd., a mortgage insurer backed by investors including Goldman Sachs Group Inc. and George Soros, filed for an initial public offering as investors pour capital into companies that ...