Moody’s, Israel’s Team8 to Offer Business Cyber Risk Benchmark for M&As, Insurance June 27, 2019 By Tova Cohen and Ari Rabinovitch Ratings agency Moody’s Corp. and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses...
Fired Moody’s Executive Wins Back Paris Job, Gets $1.8 Million Payout January 16, 2019 By Gaspard Sebag A Moody’s Corp. managing director fired for lashing out at a junior co-worker who criticized his team’s work won his...
Moody’s Says California Wildfire Losses Will Impact P/C Insurer, Reinsurer 4Q Earnings November 29, 2018 Moody’s has released estimates showing property/casualty insurers and reinsurers total insured losses at $10 billion $15 billion from the California...
California Wildfire Insured Losses at Billions of Dollars and Climbing November 12, 2018 An analysis by catastrophe modeler RMS shows 15 wildfires are burning more than 280,000 acres in California have collectively destroyed...
Critics Say Bond Rating Agencies Ignore Municipalities’ Climate Risk November 5, 2018 By Christopher Flavelle Last fall, after a trio of deadly hurricanes, ratings companies warned vulnerable coastal cities to get ready for climate change...
Moody’s Forms Stockholm Subsidiary to Prepare for Brexit August 14, 2018 Credit ratings agency Moody’s is converting its Stockholm branch into a subsidiary as the sector faces regulatory pressure to have...
M&A Deals Likely to Become More Challenging as Sellers Seek High Deal Values July 24, 2018 The current operating environment continues to prompt mergers & acquisitions (M&A) among insurers and reinsurers. However, the number of potential...
Mexico Auto Thefts Surge in Ominous Trend for Insurers May 3, 2017 By Isabella Cota Auto-theft rates in Mexico are rising at the fastest pace ever, and authorities are getting worse at tracking down the...
Growth of China’s Shadow Banking Hikes Financial Risks for Banks, Insurers: Moody’s July 27, 2016 Shadow banking activity in China has expanded further and now accounts for nearly a third of the total banking sector...
A.M. Best’s ‘A-‘ Rating Not as Good as It Seems: Fitch July 14, 2016 Fitch Ratings this week warned that users of insurance ratings from four large credit rating agencies (CRAs) fail to understand...