The rest of that phrase, from a long ago Times headline, reads “- Continent Cut Off.” It succinctly summarizes the past, present and probably future state of relations between two of Europe’s oldest nation states – England and France. Although …
California’s insurance commissioner said he intends to subpoena insurance companies that did not comply with his probe of insurance companies and Iran. Commissioner Steve Poizner announced yesterday that he intends to urge–and perhaps coerce–insurance companies doing business in California to …
France tried to reassure Britain on Thursday that its push for tougher financial regulation in the European Union would not undermine the City of London, saying new rules would not hurt anyone system in particular. Tensions between the two countries …
California’s Insurance Commissioner Steve Poizner intends to ask insurance companies that are conducting business in the state to divest themselves of all financial holdings in Iran. Poizner, who is running for governor in California, says a probe he conducted indicates …
Swiss Re’s Economic Forum, held today at the reinsurer’s iconic London headquarters, presented a far more encouraging picture of the world’s financial condition than a year ago. However, there may be light at the end of the tunnel, but the …
In an open letter addressed to Barney Frank, the Chairman of the House of Representatives Committee on Financial Services, the largest U.S. insurance trade associations expressed their concerns over the recently passed Financial Stability Act’s possible implications. The letter, signed …
The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on …
The New York-based Navigators Group, Inc. announced that its Board of Directors has adopted a stock repurchase program for up to $35 million of the Company’s common stock. “Repurchases may be made from time to time at prevailing prices in …
Switzerland’s largest banks and insurers will have to defer the bulk of managers’ bonuses and better match pay to performance under new rules aimed at curbing risky investments. Swiss financial regulator FINMA had planned to impose the rules on the …
American International Group Inc. has made tangible progress on its restructuring plan and will likely be able to repay the government’s loan and much of its preferred equity stake, Moody’s Investors Service said on Monday. The restructuring plan still relies …
