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The Property Casualty Insurers Association of America (PCI) said it plans to lobby international regulators not to treat insurers as if they pose the same systemic risk as banks.

The Property Casualty Insurers Association of America (PCI) said it plans to lobby international regulators not to treat insurers as if they pose the same systemic risk as banks.

As we bid adieu to 2009, many in the insurance industry are looking to the new year with greater optimism than they might have thought possible this time last year.

An executive involved in the bidding war for IPC holdings said after that battle ends the merger and acquisition landscape will likely heat up further in Bermuda.

The Group of North American Insurance Enterprises said it has joined a new coalition to work with accounting organizations to reform accounting standards linked to the financial crisis.

Bermuda, looking to jump-start its economy in light of the global financial crisis, has launched a new growth initiative--in part to counter negative publicity about the island's image as a tax haven for insurers and other firms.

In case someone hasn't gotten the message, the decision of the Obama administration to administer the toughest kind of love possible to the automobile industry shouldn't be lost on the insurance community.

An insurance executives' think tank, in advance of the London G-20 meeting last week, wrote to finance leaders advising them that any regulatory moves to fix the economic crisis should recognize the difference between banks and insurers.