Insurance groups and CEOs are bristling against the global designation of insurers as Global Systemically Important Insurers by the Financial Stability Board, an action expected in or near the first quarter of 2013.
Insurance groups and CEOs are bristling against the global designation of insurers as Global Systemically Important Insurers by the Financial Stability Board, an action expected in or near the first quarter of 2013.
Insurers that venture into bank-like business activities in search of higher returns must realize they will be regulated like banks, the head of the European Union's insurance watchdog said on Wednesday.
Insurers that venture into bank-like business activities in search of higher returns must realize they will be regulated like banks, the head of the European Union's insurance watchdog said on Wednesday.
It would appear reports of the demise of the independent agent were greatly exaggerated, as a new survey shows the independent-agency system is growing again and is financially healthier than it has been in the past few years.
American International Group is on the verge of becoming the first insurance holding company ever regulated by the federal government as the Treasury Department launches a public offering of $18 billion of AIG stock.
American International Group is on the verge of becoming the first insurance holding company ever regulated by the federal government as the Treasury Department launches a public offering of $18 billion of AIG stock.