Regulation & Compliance
Key Allianz Insurance Unit Slumps, but PIMCO Arm Excels
Allianz SE, the German insurer that owns bond manager Pacific Investment Management Co., relied on inflows at the asset management unit to offset lower earnings at its property and casualty business. ...
Fitch Highlights Cyber Risks of Quantum Computing
Although the lightning fast speeds of quantum computing will provide many benefits to insurance carriers, there's also a big down side: increased cyber risk, Fitch Ratings noted in a recent briefing. ...
A.M. Best’s Innovation Assessment Set to Roll Out in First-Half 2020
A.M. Best plans to start assessing innovation as part of the credit rating methodology it uses to evaluate carriers in the first half of 2020, Chief Rating Officer Stefan Holzberger said. The ...
Nationwide Invests in Cybersecurity InsurTech Focused on Connected Vehicles
Nationwide said it has invested in Upstream Security, an InsurTech focused on providing cybersecurity for connected vehicles. Upstream's cash infusion will it enable OEM car manufacturers and fleets ...
S&P Takes Closer Look at Argo Following SEC Subpoena Over Executive Compensation
The SEC's decision to subpoena Argo Group. International Holdings about its executive compensation practices is drawing the attention of Standard & Poor's. S&P said it has revised the outlook ...
Argo Group Slapped With SEC Subpoena Regarding Executive Compensation
Argo Group International Holdings Ltd. has been subpoenaed by U.S. securities regulators about perks for its executives and is conducting an internal review. The U.S. Securities and Exchange ...
Insurance Linked Securities in 2019: Asking the Right Questions
The record losses we saw in 2017 and 2018 were felt heavily by the insurance industry, and there is no denying that two years of losses have affected investor sentiment. While such a statement is ...
IRS Makes Settlement Offer to Taxpayers Involved in ‘Dirty’ Micro-Captive Insurance
The Internal Revenue Service said it is mailing a time-limited settlement offer for certain taxpayers under audit who participated in what the IRS calls "abusive micro-captive insurance" ...