Regulation & Compliance
NCIGF CEO Schmelzer to Chair Global Group
Roger H. Schmelzer, president of the National Conference of Insurance Guaranty Funds (NCIGF), has been selected to serve as chair of the International Forum of Insurance Guarantee Schemes (IFIGS). ...
EU Seeks to Give Insurance, Other Finance Regulators More Post-Brexit Powers
The European Union moved a step closer on Thursday to beefing up its regulators to increase safeguards for consumers and create an EU capital market that reduces the bloc's reliance on Britain's ...
Wildfire Fallout: A.M. Best Places California Capital Under Review, With Negative Implications
A.M. Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a-" of California Capital Insurance Co. and ...
Lloyd’s Underwriters Paying To Settle NYDFS Charges Related to NRA-Branded Insurance
In a December 20 consent order, 10 Lloyd's of London underwriters have entered into an agreement to pay $5 million to the New York State Department of Financial Services (DFS) for underwriting fire ...
Vullo Stepping Down as New York Insurance Regulator
Maria Vullo is stepping down as head of New York's banking and insurance regulator, she said in an interview last week, after three years in which she created a national model for cybersecurity ...
AXIS Gains S&P Outlook Upgrade, as Strategic Initiatives Elicit Support
AXIS Capital Holdings won an outlook upgrade from Standard & Poor's Global Ratings as well as an affirmation of its other ratings, thanks to growing confidence in its various strategic ...
U.S., Britain Sign Post-Brexit Covered Agreement for Insurance
The U.S. Treasury and U.S. Trade Representative's office said on Tuesday they intended to sign a new bilateral insurance agreement with Britain that will provide insurance market regulatory certainty ...
Global Reinsurance Market Outlook Upgraded to Stable: A.M. Best
A.M. Best has upgraded its outlook for the global reinsurance market to stable from negative, citing greater market stability and the benefits that alternative capital brings to the table. Stability ...