- Fed's proposed SIFI rules seen as a relief for insurers
Calling the Federal Reserve Board’s proposed capital standards for systemically important insurance companies “very, very significant,” Howard Mills, global insurance regulatory leader at consultant Deloitte L.L.P.
- Cutting maritime insurance could help curtail illegal fishing, study says
Restricting insurance to vessels that engage in illegal fishing can help cut down the practice, says a study published Monday that suggests legally pressuring insurers to avoid insuring these vessels.
- XL Catlin unit to focus on alternative risk transfer
XL Catlin’s insurance operations have launched Structured Risk Solutions, a team that will focus on alternative risk transfer and nontraditional insurance globally, XL Catlin said Monday.
- Bank hacks
Hackers have taken many routes — including insider breaches — to get to the vast stores of data in banks.
- Political risk coverage protects perils of film production
Ironshore International has launched an insurance product designed to address the risk exposure of film production companies shooting in at-risk locations worldwide.
- State to make drugmakers justify largest price hikes
Vermont has become the first state to require drug manufacturers to justify the prices of expensive prescription drugs.
- Cat bond covers severe Florida storms
A $75 million catastrophe bond that will cover named storms and severe thunderstorms, including tornado and hail events in Florida, has been completed for homeowners insurer Security First Insurance Co. in Ormond Beach, Florida.
- JLT Re lures Swiss Re exec to head global client business
Francesca Marc-Antonio, who has been senior vice president at Swiss Re Ltd., is leaving the insurer to join JLT Re, the reinsurance brokerage arm of London-based Jardine Lloyd Thompson Group P.L.C.
- Hiscox product focuses on technology, cyber risks
Hiscox Ltd. has launched Hiscox ClearTech, designed to provide coverage for technology businesses across a range of industries, Hiscox said in a Monday statement.