Around 200 global re/insurance specialists will gather for the European Insurance Forum in Dublin next week to analyze the current state of the industry. Delegates will hear the views of Matthew Elderfield, Deputy Governor at the Central Bank of Ireland, …
The Association of British Insurers (ABI) has issued a call for “for better co-ordination between the new financial regulatory authorities, with the emphasis on transparency and accountability and a focus on positive consumer outcomes.” The Association is concerned that regulatory …
The U.S. risk council is hiding documents and needs to be more transparent in how it chooses which insurers and other major non-bank financial firms pose a risk to the financial system, lawmakers said on Thursday. Among the key decisions …
The British Insurance Brokers’ Association (BIBA) released the key findings of its Future of Regulation research on Monday March 21 at a Parliamentary Reception in the House of Commons, to an audience of MPs, civil servants, Lords and the industry. …
The European Union is pressing China to relax restrictions on foreign ownership of its banks in order to gain wider access to the Chinese financial markets, the region’s Internal Markets Commissioner said on Tuesday. Michel Barnier, in Beijing for a …
U.S. officials believe China’s insurance regulator passed on proprietary information about AIG to its Chinese rivals during the American firm’s collapse in 2008, according to unpublished diplomatic cables. The U.S. government bailout of American International Group Inc. in 2008 sent …
A bill that would make the Pennsylvania insurance commissioner an elected position has been introduced in the state’s House of Representatives. Legislation sponsored by Rep Neal Goodman, a Democrat from Mahanoy City, would change the insurance commissioner’s job from an …
Taiwan’s financial regulator said it will make a decision on American International Group Inc’s sale of local unit Nan Shan Life Insurance Co in the first half of this year. The Financial Supervisory Commission (FSC) had asked Ruen Chen Investment, …
The Obama administration was expected soon to name an Illinois state insurance regulator to head the new Federal Insurance Office, said sources familiar with the matter Thursday. Michael McRaith, seen as the front-runner for the job, is now head of …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, is calling for a “simplified Internal Model Approval Process (IMAP) for natural catastrophe risk that would encourage insurers to better quantify these exposures under Solvency II.” Aon noted …
