Major Canada Earthquake Could Lead to Widespread Insurer Insolvencies: Report November 22, 2016 A massive earthquake off the coast of British Columbia has the potential to cause widespread failure among insurance companies and...
Urgent Action Needed to Tackle Systemic Threat of Cyber Risk: Marsh & TheCityUK May 19, 2016 By L.S. Howard Firms across the financial and related professional services industry need to take urgent action on their cyber risks, which present...
Simplifying Derivatives Rules Will Help Regulators Spot Systemic Risks: Industry April 13, 2016 By Huw Jones Regulators won’t get a clear picture of risks in the $550 trillion derivatives market until they prune trade reporting rules,...
Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT March 25, 2016 By L.S. Howard The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of...
UK’s Chancellor of Exchequer to Double Budget to Fight Cyber Terrorism November 17, 2015 By Svenja O'Donnell Chancellor of the Exchequer George Osborne announced he’ll double funding to strengthen the U.K.’s cyber defenses, while refusing to confirm...
Public-Private Catastrophe Scheme in UK Would Help Mitigate Cyber-9/11: Study July 31, 2015 By L.S. Howard A public-private, cyber-catastrophe reinsurance arrangement would improve the UK’s resilience against the growing threat of cyber risks in this interconnected...
Cyber Security – ‘a Fast Growing Emerging Risk’ for Companies – S&P Reports June 10, 2015 “For corporate borrowers, as well as Standard & Poor’s Ratings Services’ assessment of credit quality, cyber risk is a growing...
Finance Execs Question Effectiveness of Regulation to Prevent Future Crises May 18, 2015 By Jeffrey Vögeli Chief executive officers and chairmen of some of Europe’s biggest banks and insurance companies called for more studies on the...
Insurers on U.S. Financial Oversight Council Agenda for Next Week August 29, 2014 The U.S. systemic risk council will meet on Sept. 4 to discuss naming nonbank financial firms for tougher regulatory oversight,...
AIG, GE Capital Systemic Risk Designations Renewed August 1, 2014 By Douwe Miedema and Sarah N. Lynch The top U.S. regulatory panel tasked with policing the safety of the financial system said on Thursday it is launching...