WikiLeaks Cables Show China Regulator Intervened as AIG Crumbled March 11, 2011 By Ben Berkowitz U.S. officials believe China’s insurance regulator passed on proprietary information about AIG to its Chinese rivals during the American firm’s...
Pennsylvania Ponders Election for Insurance Commissioner March 8, 2011 By Kenneth J. St. Onge A bill that would make the Pennsylvania insurance commissioner an elected position has been introduced in the state’s House of...
Taiwan Regulator to Rule on AIG Taiwan Unit Sale By End of First Half March 7, 2011 Taiwan’s financial regulator said it will make a decision on American International Group Inc’s sale of local unit Nan Shan...
Report: Illinois Insurance Regulator McRaith in Line to Head U.S. Insurance Office March 3, 2011 By Kevin Drawbaugh The Obama administration was expected soon to name an Illinois state insurance regulator to head the new Federal Insurance Office,...
Aon Benfield Pushes for ‘Simplified Internal Model’ for Solvency II Approval February 22, 2011 Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, is calling for a “simplified Internal Model Approval...
UK Government Announces Financial Regulatory Changes; ABI, Lloyd’s Comment February 18, 2011 The UK’s Conservative government recently announced the long awaited regulatory reform proposals for financial services, covering both banks and insurers....
Guernsey Statement: ‘No Plans’ to Seek Equivalence under Solvency II January 25, 2011 The Commerce and Employment Department of the States of Guernsey (the Guernsey Government) and the financial regulator, the Guernsey Financial...
U.S. Lays Out Factors to Designate Risky Firms January 19, 2011 U.S. regulators proposed using six different factors Tuesday to help them gauge when a non-bank financial firm poses risks to...
New Regulation Aims to Reduce Deaths in Rollover Crashes January 18, 2011 By John Crawley Automakers must develop new approaches to reduce the number of people ejected in U.S. rollover crashes, which are blamed for...