Britain’s new watchdog announced sweeping changes in financial regulation on Wednesday, telling banks they can no longer blame customers when products go wrong and promising to study how consumers behave to make sure they can make the right decisions. The …
The Property Casualty Insurers Association of America (PCI) has issued a statement urging negotiators to make progress on enhancing the proposed U.S.-EU Trade agreement to include mutual recognition of the U.S. and EU regulatory systems. “The European Union (EU) and …
Specialist insurance and reinsurance broker Miller Insurance Services LLP announced that facultative reinsurance specialist Nick O’Neil has joined its team in Singapore in a new business development and client servicing role. Nigel Cross, Head of Singapore and Asian Facultative Reinsurance …
Munich Re announced that it is supporting a prevention project in a region in India that is prone to earthquakes. The two-year project in conjunction with GeoHazards International, is aimed at protecting people, buildings and infrastructure in Aizawl, a city …
Allied World Assurance Company Holdings, AG announced from its headquarters in Switzerland that Sarah Doran has been appointed Senior Vice President, Investor Relations and Treasurer. She will be based in Allied World’s New York office and will report directly to …
Four Japanese automakers including Toyota Motor Corp and Nissan Motor Co are recalling 3.4 million vehicles sold around the world because airbags supplied by Takata Corp are at risk of catching fire or injuring passengers. The move announced on Thursday …
A.M. Best Europe – Rating Services Limited has removed from under review with negative implications the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Turkish reinsurer Milli Reasurans Turk Anonim Sirketi (Milli Re), but has …
The World Trade Organization slashed its forecast for trade growth in 2013 on Wednesday, saying it feared protectionism was on the increase. It cut its forecast for global trade growth in 2013 to 3.3 percent from 4.5 percent and said …
The U.S. Chamber of Commerce said it has “joined with its partners in the Business Coalition for Transatlantic Trade (BCTT) and leaders in government from both the U.S. and EU for an event to formally launch the coalition on Capitol …
All euro zone governments need to issue bonds jointly to ensure that the common currency survives the sovereign debt crisis, investor George Soros said on Tuesday. Soros, a liberal philanthropist who rose to fame as an investor on a big …
