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New Starr unit gets 'A' rating from Best

By: Sarah Veysey

Published August 09, 2016 - 9:29am CST

A.M. Best Co. Inc. has assigned an A financial strength rating to Starr International (Europe) Ltd., it said Monday.

European insurers put investment mix under a microscope

By: Sarah Veysey

Published August 03, 2016 - 8:56am CST

Most European insurers are examining changes to their investment mix to adapt to the adverse investment climate, which includes record-low interest rates that challenge the earnings and capital adequacy of insurers, Standard & Poor's Corp. said Wednesday in a report.

Talks to ease insurance barriers between U.S., E.U. gain traction

By: Mark A. Hofmann

Published August 01, 2016 - 3:44pm CST

U.S. and E.U. negotiators met in Brussels to discuss a future bilateral agreement relating to insurance and reinsurance measures.

Lloyd's insurer may establish E.U. arm to weather Brexit

By: Thomson Reuters

Published July 25, 2016 - 9:51am CST

Reuters — Lloyd's of London underwriter Hiscox Ltd. said it would consider setting up an E.U.-based insurance company to weather the possible effect of Britain's decision to leave the European Union, sending its shares to an all-time high.

Insurers optimistic on flood cover bill

By: Mark A. Hofmann

Published July 17, 2016 - 12:01am CST

Advocates for creating a role for private insurers in the U.S. flood insurance market remain hopeful that Congress will approve legislation designed to do just that before the end of the year.

U.S. brokers to feel it more than insurers

By: Mark A. Hofmann

Published July 03, 2016 - 12:01am CST

The United Kingdom's vote to leave the European Union looks to have a greater immediate effect on insurance brokers than insurers as the U.S. market has largely taken a business-as-usual stance following last month's referendum.

Insurers in state of flux as 'Brexit' confounds market

By: Sarah Veysey

Published July 03, 2016 - 12:01am CST

Insurers in the U.K., the E.U. and the U.S. face what looks to be an extended period of uncertainty.

Rhode Island offers insurers runoff options

By: Douglas McLeod

Published July 03, 2016 - 12:01am CST

Insurers looking to restructure or exit lines of business may get help from Rhode Island, which is considering its first license application for a specialty insurer formed to take advantage of the state's unique insurance portfolio runoff law.

State cracks down on Berkshire units over unregulated comp policies

By: Stephanie Goldberg

Published June 29, 2016 - 2:39pm CST

California insurance regulators have issued cease-and-desist orders to two Berkshire Hathaway-owned companies.

State proposes rule changes to workers comp experience rating plan

By: Stephanie Goldberg

Published June 29, 2016 - 12:07pm CST

California's workers comp rating bureau is seeking regulatory updates that could affect comp policy pricing for employers.

Property/casualty groups hail firm's removal from SIFI list but want more

By: Mark A. Hofmann

Published June 29, 2016 - 11:48am CST

Property/casualty insurance groups say they are pleased with the Financial Stability Oversight Council's decision to remove GE Capital Global Holdings L.L.C. from its list of “systemically important financial institutions.”

European insurance snapshot

Published June 24, 2016 - 2:14pm CST

The United Kingdom's vote to leave the European Union is expected to reverberate through the insurance markets.

British E.U. exit opens global regulatory uncertainties

By: Mark A. Hofmann

Published June 24, 2016 - 1:27pm CST

International insurance and reinsurance observers say the so-called Brexit vote presents challenges and opportunities for non-British underwriters.

5 things you need to know about 'Brexit'

Published June 24, 2016 - 12:40pm CST

Exit negotiations between British and E.U. officials, along with factors that could affect the London market, will need to be addressed.

SupercalifragilBREXIT ... !

Published June 24, 2016 - 11:56am CST

The winds of change have hit the United Kingdom on its vote to leave the European Union.

British vote to leave E.U. creates confusion for insurers

By: Mark A. Hofmann

Published June 24, 2016 - 9:23am CST

Some are concerned that Britain's exit vote could make it difficult for U.K. insurers to write business throughout the European Union.

Dodd, Frank blast ruling that MetLife not too big to fail

By: Thomson Reuters

Published June 24, 2016 - 7:46am CST

A ruling striking down MetLife's "too-big-to-fail" designation could undermine efforts to head off another financial crisis, lawmakers say.

Fosun seeks OK to spin off Ironshore in IPO

By: Rob Lenihan

Published June 23, 2016 - 2:26pm CST

Shanghai-based Fosun International says that it is seeking approval for an initial public offering of Bermuda-based Ironshore.

Private insurers could tip toe into flood market

By: Mark A. Hofmann

Published June 20, 2016 - 3:18pm CST

Don't expect a tsunami of underwriters to jump into the National Flood Insurance Program, a report says.

The BI Top 10

Published June 17, 2016 - 12:01am CST

Marsh severance benefits dispute and health savings account business exits are among Business Insurance's top 10 most read features.

OSHA weighs more involvement from comp insurers in safety efforts

By: Gloria Gonzalez

Published June 16, 2016 - 12:00pm CST

New electronic reporting rules and the public data they create will raise the stakes for loss control.

Tenn. insurance commissioner to serve as vice chair of international group

By: Mark A. Hofmann

Published June 16, 2016 - 11:16am CST

Tennessee Insurance Commissioner Julie Mix McPeak has been elected to serve as vice chair of the Basel, Switzerland-based International Association of Insurance Supervisors, the National Association of Insurance Commissioners announced Thursday.

New York Senate confirms Vullo as top financial regulator

By: Thomson Reuters

Published June 16, 2016 - 11:09am CST

(Reuters) — The New York State on Wednesday confirmed Gov. Andrew Cuomo's pick to become the state's top financial regulator.

Pull back on protectionism to reduce insurance costs

By: Gavin Souter

Published June 14, 2016 - 8:19am CST

International regulatory barriers add to the expense of providing insurance and reinsurance and need to be lowered, reinsurance executives say.

GOP call to end SIFIs raises question of who will mind the store

By: Mark A. Hofmann

Published June 13, 2016 - 3:34pm CST

The Financial CHOICE Act would replace the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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