All Regulatory articles – Page 26
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ACE encouraged by TRIA extension bill
ACE has given its backing to the Terrorism Risk Insurance Revision and Extension Act of 2007
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Converium sets a date for board and CEO resignations
Converium will transfer all managerial control to SCOR at an extraordinary general meeting on 16 August
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Liberty Mutual backs TRIA extension bill
Liberty Mutual is adding its support to a new bill proposing the long-term extension of the Terrorism Risk Insurance Act
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Zurich American fined over WTC documents
Zurich American and two law firms accused of trying to delete coverage documents
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Allianz space underwriter joins the DIFC
Allianz space underwriter, elseco limited, is setting up shop in the Dubai International Financial Centre
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PCI backs TRIA extension plans; opposes NBCR inclusion
PCI raises concerns over mandatory "make available" NBCR provision in TRIA extension plans
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Florida takes backward step on insurance scores
PCIAA accuse Florida Office of Insurance Regulation of going "well beyond the requirement of the law"
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Insurers must embrace risk management
Ahead of Solvency II, European insurers must embrace effective risk management processes, warns Towers Perrin
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Hedge fund firm buys insurer for $575m
DE Shaw is buying James River for $575m and will integrate the insurer into its new Bermuda reinsurance company
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Online onlyDemise of 100% collateral rule fades
A recent NAIC announcement has reignited the controversy surrounding the 100% collateral rule in the US.
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PCI urges US state not to copy Florida
The PCI is urging South Carolina not to allow its "market of last resort" to undercut rates offered in the private market
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Insurance executives back federal charter
More than three-quarters of the insurance executives at S&P's annual conference backed an optional federal charter
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Features
Imperfect solution
With the industry preparing to adopt the FSA’s principles-based approach to regulation, Colin Smith, James Schacht and Lynne Prescott Hepler look at its feasibility and ask if such a scheme could work in the US
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Plumeri stresses commitment to China
Willis has won an exclusive oil platform contract and will increase its presence and brand in China, says Joe Plumeri
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Ironshore enters the Texas market
Ironshore has been deemed eligible as a surplus lines property casualty insurer in the State of Texas
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Online onlyUS federal charter debate hots up
Fresh calls for an optional federal charter in the US have re-ignited the debate
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Test reinsurers with federal charter, urges von Bomhard
CEOs at Standard & Poor’s annual insurance conference said the current reinsurance cycle was “an uphill battle”
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AXA disposes of Dutch operations
AXA intends to sell off its Dutch operations and exit the market entirely due to limited opportunities
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LMA elects Catlin CEO as new chair
The Lloyd’s Market Association has elected Paul Jardine, chief executive of Catlin, as its new chairman
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Cat issues high on NAIC agenda
Catastrophe issues are high on the agenda at this year’s Summer NAIC meeting, which coincides with the start of 2007 storm season
