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By Elizabeth Festa, Arthur D. Postal PropertyCasualty360.com |
May 3, 2012
Insurance companies that own or operate a savings & loan will face fresh oversight from the Federal Reserve Board, which is creating a process by which to examine those financial institutions that have significant banking assets.
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By Arthur D. Postal, PropertyCasualty360.com |
April 13, 2012
Federal Reserve Board Chairman Ben Bernanke characterized American International Group as part of a “shadow banking” system that played a key role in the catastrophic economic downturn of 2007-2009.
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By Arthur D. Postal |
April 12, 2012
Spokesmen for insurance-trade groups insist that when all is said and done, officials of the Financial Stability Oversight Council (FSOC) will support insurers’ view that insurance activities, by their very nature, do not pose a threat to the stability of the U.S. financial system.
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By Staff Writers |
April 6, 2012
Industry leaders comment on topics ranging from a series of tornadoes that struck the Dallas-Fort Worth area, to the Financial Stability Oversight Council approving its final rule on systemically significant non-bank financial institutions.
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By Arthur D. Postal, PropertyCasualty360.com, Elizabeth Festa, PropertyCasualty360.com |
April 4, 2012
The Financial Stability Oversight Council’s final rule determining whether an insurer is “systemically significant” casts a wider net than expected regarding who will get a closer look, and takes an “expansive view” of defining a company’s debt, analysts say.
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By Arthur D. Postal, PropertyCasualty360.com |
April 2, 2012
The Financial Stability Oversight Council will vote Tuesday on the factors it will use in determining whether an insurer is “systemically significant,” a regulatory process that has been underway since the fall of 2010.
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By Arthur D. Postal, PropertyCasualty360.com |
March 16, 2012
The Financial Services Roundtable wants the Treasury Department to use the Federal Insurance Office to coordinate all federal-agency activities regarding insurance in order to ensure that onerous and duplicative federal intervention in the insurance business does not occur.
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By Arthur D. Postal |
March 6, 2012
AIG says it completed the sale of 14 percent of the stock of its Hong Kong life insurer, AIA Group, Ltd., at the projected price of approximately $6 billion.
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By Arthur D. Postal, PropertyCasualty360.com |
March 5, 2012
American International Group today sold 14 percent of the stock of its Hong Kong life insurer, AIA Group, Ltd., for approximately $6 billion.
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By Arthur D. Postal |
February 24, 2012
Chartis companies have been able to retain 90 percent of their customers despite the economic turmoil American International Group has endured since 2008, AIG CEO Robert Benmosche said at a mid-February investment conference in Manhattan.
