President Donald Trump wants Thomas E. Workman, an attorney and former life insurer trade group leader, to be the independent insurance industry’s voting member of the Financial Stability Oversight Council (FSOC) for a term of six years. The FSOC, which …
Global financial regulators have decided to ditch a “too big to fail” gauge for assessing the riskiness of insurers, according to a source briefed on the matter, in a big win for companies such as American International Group and Prudential …
The heads of the U.S. financial regulators will meet next week to dive into the sensitive process of labeling companies “systemically important,” better known as “too big to fail.” The Financial Stability Oversight Council will discuss President Donald Trump’s April …
American International Group Inc. and Prudential Financial Inc.’s new capital rules should reflect the insurance business’s differences from Wall Street banking, the Federal Reserve said in a proposal to limit the chance that the companies could threaten the financial system. …
MetLife Inc. beat back a U.S. attempt to label it too big to fail, which would’ve put America’s biggest life insurer under tougher government scrutiny and forced it to put more money in reserves. A federal judge in Washington struck …
U.S. regulators will disclose to lawmakers more than 1,400 pages of documents explaining why companies such as American International Group Inc. and MetLife Inc. are subject to tougher oversight. The Financial Stability Oversight Council is providing the papers after Republicans …
On January 14 the Property Casualty Insurers Association of America (PCI) participated in a discussion with the International Association of Insurance Supervisors (IAIS) Financial Stability Committee on policy measures that would be applied to any insurance company designated as a …
