China Eases Access to Insurance, Travel industries September 24, 2012 By Joe McDonald China has eased restrictions on foreign companies in parts of its insurance, travel and delivery industries in a possible effort...
Re/insurers Increasingly Less Relevant to Global Economy: XL CEO McGavick September 17, 2012 By Charles E. Boyle XL’s CEO Mike McGavick doesn’t mince words when it comes to looking at the big, and not very pretty, picture...
AIA Comments on Latest IAIS Draft Rules on Global Insurance Supervision September 5, 2012 The American Insurance Association has submitted comments in response to the International Association of Insurance Supervisors’ (IAIS) July 2, 2012...
UK Banks Face Rules to Curb Payment Protection Insurance Mis-selling September 5, 2012 By Huw Jones UK banks face new rules to stamp out sales incentives that have encouraged mis-selling of financial products going back two...
UK Bank May Have Hidden $250 Billion in Iran Deals; May Lose U.S. License August 7, 2012 By Carrick Mollenkamp and Jonathan Stempel New York’s top bank regulator threatened to strip Standard Chartered Plc of its state banking license, saying the British bank...
China Drafts Rules for Insurers to Raise Private Equity Stakes; Trade Derivatives July 24, 2012 By Clare Baldwin and Samuel Shen China plans to double the amount insurers can invest in private equity and allow them to trade financial derivatives both...
House Lawmakers Reach Deal on Russia Trade Pact, Rights Bill July 20, 2012 By Doug Palmer The top Republican and Democrat on the House of Representatives Ways and Means Committee said on Thursday they had reached...
EU under Pressure to Delay Solvency II Insurer Capital Rules July 16, 2012 By Myles Neligan The European Union may be forced to put back the January 2014 start date for its Solvency II capital regime...
EIOPA Releases Final ‘Own Risk and Solvency Assessment’ Report July 13, 2012 The European Insurance and Occupational Pensions Authority (EIOPA) has published its Final Report on draft Guidelines for Own Risk and...