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Carrier is being pressured to separate into pieces, but the ratings agency offers its own perspective.

Topics discussed at the hearing included negotiations on a covered agreement with the EU to address further reduction of reinsurance collateral.

A member of the U.S. panel charged with preventing another financial crisis said hes concerned that global regulators have too much sway over American policy, especially on insurance.

President Barack Obama pledged to veto any legislation that weakens new curbs on Wall Street as banks and the Republican-led Congress increasingly seek to roll back the Dodd-Frank financial-regulation law.

When Congress created the Federal Insurance Office in 2010 as part of the Dodd-Frank financial reform legislation, it asked the new agency to monitor whether traditionally underserved consumers, communities, minorities, andlow- and moderate-income persons have access to affordable insurance products in all lines except health insurance.

A U.S. program that backstops insurance companies losses from acts of terrorism is set to end after the Senate failed to extend it.

Bi-partisan support extends Terrorism Risk Insurance Act by six years, and also includes agent licensing reform with the inclusion of a permanent National Association of Registered Agents and Brokers. UPDATE: House also passes the Insurance Capital Standards Clarification Act, which recognizes the difference between the banking and insurance markets.

House leaders released a proposed six-year extension of a federal program to insure property against the risk of terrorism.