These are extraordinarily difficult times for insurers to grow their business, with the United States and Europe struggling to jump-start their economies and a double-dip recession still not out of the question.
Aon Corp. has reached settlements with the U.S. Department of Justice and the Securities and Exchange Commission totaling around $16.3 million to resolve violations of the Foreign Corrupt Practices Act.
Aon Corp. has reached settlements with the U.S. Department of Justice and the Securities and Exchange Commission totaling around $16.3 million to resolve violations of the Foreign Corrupt Practices Act.
Japanese insurers could soon be on an equal footing with global competitors with respect to mergers and acquisition activity outside of Japan if a new deregulation plan is approved, according to Moodys.
Republican legislators from Florida and a trade group for Bermuda insurers are renewing their concerns about the potential high cost of raising taxes on offshore insurers as a means of addressing budget deficit and debt concerns.
Republican legislators from Florida and a trade group for Bermuda insurers are renewing their concerns about the potential high cost of raising taxes on offshore insurers as a means of addressing budget deficit and debt concerns.
A new Government Accountability Office report about the federal rescue of American International Group shows there was vigorous debate about whether the Federal Reserve should provide assistance to the insurer, and what the state-level and international implications would have been should the government not act.
A new Government Accountability Office report about the federal rescue of American International Group shows there was vigorous debate about whether the Federal Reserve should provide assistance to the insurer, and what the state-level and international implications would have been should the government not act.
Theres a silver lining in every cloud, and for specialty insurers theres opportunity present in every emerging risk, two carrier executives say. Navigators Stanley Galanski and Aspens Mario Vitale see product opportunities in responding to emerging life sciences, environmental and supply-chain risks.