Global Board Updates List of Systemically Important Banks, Insurers November 21, 2016 By Huw Jones Citi has joined JPMorgan at the top of global regulators’ list of systemically important banks, replacing HSBC and meaning the...
AIG Expects to Win Some, Lose Some in Sale of Assets November 21, 2016 By Sonali Basak American International Group Inc., the insurer that’s shrinking to free up capital for shareholder buybacks, said it expects to book...
U.S. Insurers Now Among Major Buyers of ETFs: JP Morgan November 21, 2016 By Dani Burger and Sonali Basak The booming demand for hot exchange-traded funds has finally caught up with the staid, sleepy insurance industry. U.S. insurers are...
XL Catlin Adds Terrorism & Political Violence Coverage to Property Program November 21, 2016 XL Catlin has enhanced its Platinum Property insurance program with a new terrorism and political violence insurance option. XL Catlin’s...
Trump Settles University Fraud Claims for $25 Million, Avoids Trial November 20, 2016 By Bill Callahan, Edvard Pettersson and Erik Larson President-elect Donald Trump agreed to pay $25 million to settle claims that his defunct Trump University cheated more than 6,000...
Reinsurers Welcome Rate Stabilization: S&P-PwC Bermuda Reinsurance Forum November 18, 2016 North American reinsurers may soon see some rate stabilization after a prolonged period of declining premium rates, as they deal...
Plaintiffs Strike Out with Suit Seeking More Baseball Stadium Safety Netting November 18, 2016 By Jonathan Stempel A U.S. judge has dismissed a lawsuit seeking to require the 30 Major League Baseball teams to extend netting at...
Outgoing Treasury Secretary Lew Sticks Up for Financial Stability Council November 18, 2016 By Lisa Lambert U.S. Treasury Secretary Jack Lew on Wednesday offered a heartfelt defense of the Financial Stability Oversight Council made up of...
‘Star Trek’ Mockumentary Maker Boldly Resists Copyright Infringement Claim November 18, 2016 By Eriq Gardner On Wednesday, a federal judge was told that while Paramount Pictures and CBS have produced a “limited number” of Star...
President-Elect Trump Seeks Delay in Fraud Trial Over His Real Estate University November 18, 2016 By Edvard Pettersson Donald Trump is pulling out the stops to stall a fraud trial over his defunct real estate “university” until he’s...