Global airlines urged regulators on Friday not to compete over setting new safety rules, after two crashes led to the grounding of the Boeing 737 MAX and raised questions about the international influence of the U.S. aviation authority. The U.S. …
Representatives of the United States and the European Union met in Brussels this week to continue their joint negotiations for a bilateral agreement on insurance and reinsurance measures. “Both sides continued to discuss in good faith matters relating to group …
Insurers involved in risky activities outside their core business, such as derivatives trading, should hold extra capital to limit the danger they might destabilize the financial system if they go bust, global regulators said on Wednesday. The capital charge is …
State insurance commissioners in the U.S. have agreed to adopt a code that helps track insurers doing business in multiple countries. The National Association of Insurance Commissioners (NAIC) said it will add the Legal Entity Identifier (LEI) to insurance industry …
New rules to ensure no insurance company is too big to fail are set to be drawn up in time for the 2012 meeting of G20 leaders, although unlike banks they may not include capital surcharges, according to industry supervisors. …
