All Regulatory articles – Page 18
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Everest Re back on stable
Outlook revised dues to strong performance in 2006 and 2007, says S&P
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MMC ratings lowered due to Marsh failings
Reflects “the many challenges” Marsh faces over the next two years, says S&P
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AXA CS Re ratings affirmed
Ratings are based on performance since AXA’s decision to place the companies into run off, says AM Best
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Analysis
Another one bites the dust
Should Hardy’s decision to up sticks to Bermuda come as a warning to the UK Treasury?
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Hardy to move to Bermuda
Lloyd’s insurer follows Hiscox, Omega and Kiln to the low tax domicile; will establish Class 3 reinsurer Hardy Re
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Buffett could testify in fraud trial
Warren Buffett is called as a witness in the finite case that caused Hank Greenberg to leave AIG
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Analysis
Deadline looming
European reinsurers have 3 months to assess whether they are compliant with EU competition law
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Florida regulator to relax collateral rules
100% collateral requirement “is a barrier to investment by foreign reinsurers in the Florida market”
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Catlin reveals $75m subprime exposure
Writedown will be offset by low catastrophe incidence, says Stephen Catlin
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ERM will help firms prepare for Solvency II
Enterprise risk management provides a more disciplined tool to understand how insurers manage their risks
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Solvency II clears another hurdle
Third quantitative impact study was a “crucial exercise” in testing the design of Solvency II
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AM Best: Swiss Re on negative review
Swiss Re’s ratings are placed on negative review due to its $1bn “credit crunch” loss
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Florida regulator denies Allstate rate hikes
Rates do not reflect the expansion of the Florida Hurricane Catastrophe Fund, says regulator
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Insurers waking up to Solvency II
Towers Perrin say survey demonstrates rising interest in Solvency II from insurance sector
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Analysis
TRIA compromise
With the Senate version of TRIA extension now passed, can a compromise be reached before the end the act expires?
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Analysis
Little collaboration on collateral
NAIC Task Force stops short on changing collateral rules
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Swiss Re takes massive subprime hit
Blames $1.07bn loss on the “unprecedented and severe ratings downgrades undertaken by the rating agencies”
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NAIC reveals draft reinsurance proposals
New framework proposes a single-state US regulator