All Regulatory articles – Page 16
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Bond reinsurers' ratings under threat
BluePoint Re, Channel Re and RAM Re all on creditwatch negative, reveals S&P
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MMC to declassify its board of directors
All directors would become subject to annual election reveals chairman Stephen Hardis
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Solvency II costs could rocket
The cost for UK insurers could be significantly higher than the estimated £300m-£400m, warns actuary
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Lloyd’s applies for Brazilian licence
Opening of Brazilian market tempts market to set up representative office in Rio
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Solvency II to cost insurers up to €25m each
UK insurers expect to spend up to £300m-£400m through 2012, discovers Accenture
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PCI calls for responsible cat risk solution
A federal backstop should not include “artificial market restrictions”, warns CEO Sampson
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Best rates Barbados-based CIBC Re
Life and health reinsurer’s parent is the Canadian Imperial Bank of Commerce
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Munich Re to open branch in Brazil
Munich Re will be represented by a subsidiary in São Paulo
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SCOR opens P/C branch in China
The SCOR SE Beijing Branch will be headed by general manager Min Wu
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Lords welcome EU Solvency II stance
Lords Committee welcome reform measures for insurance sector
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Allstate forced to defend rate hikes
A Florida Senate panel grills the insurer after banning it from the state
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Significant progress made on market reform
Accounting and settlement, ECF and contract certainty all hailed as successes
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Deloitte: Insurers unprepared for Solvency II
69% of UK Insurers describe directive as a "regulatory budren"
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S&P: XL ratings unaffected by $1.5bn-$1.7bn loss
SCA’s downgrade (by Fitch) will also have no impact on the rating
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Florida Commissioner bans Allstate
McCarty cites Allstate’s “blatant disregard” after the insurer submits objections to subpoenas
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Allstate ratings unaffected by Florida suspension
The suspension follows allegations that Allstate did not comply with a subpoena to testify about its rate increases
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Marsh warning on plea bargains
US-style plea bargains raise indemnity and D&O exposures, warns broker