Wash. insurance head orders Alaska Air captive to pay fine
Alternative Risk Transfer/Captives, Aviation, Regulation
TD Bank fined $3bn after money laundering guilty plea
TD Bank has agreed to pay $3 billion in penalties after pleading guilty to violating US anti-money laundering federal laws.
Reinsurers “continue to have a solid path” relative to other insurance sub-sectors: Morgan Stanley
According to a new report from Morgan Stanley, relative to other sub-sectors of insurance, reinsurers “continue to have a solid path”, generating strong ROE, with robust underwriting and steady premium growth.
Lloyd’s CEO says value and awareness of insurance ‘never higher’
John Neal, CEO of Lloyd’s, has said that the value and awareness of insurance has never been higher.
Auto incentives hold steady ahead of tariff disruption
Auto incentives have seen little change today, but upcoming tariffs could change that. The average transaction price of a new…
Beazley names Sam Franks Country Manager for UK & Ireland
Specialist insurer Beazley has announced the appointment of Sam Franks as Country Manager, UK & Ireland, effective immediately.
GM, Ford shares get downgrades as banks warn of tariff impacts
Major US automakers saw their shares downgraded on Thursday as banks warned of higher costs and lower demand brought on…
Up to a fifth of capital markets jobs at risk from automation
Four hundred thousand capital markets jobs could disappear over the next decade as advances in artificial intelligence and technology decimate the workforce, according to forecasts by consultancy Opimas.
AM Best supports EU nat cat insurance proposal but stresses need for greater clarity
AM Best, the credit rating agency, has expressed cautious support for a new European Union proposal to create a public-private reinsurance scheme focused on natural catastrophe risks.
PAR promotes 2 executives who have more than 20 years with parent company
PAR North America (PAR) promoted a pair of its executives on Thursday, rewarding them for being with KAR Global for more than 20 years combined. Taking on more responsibility for the business unit whose clients range from the largest banks, … [Read More]
Aspen Insurance names Sarah Stanford as Interim CEO of Aspen UK
Aspen Insurance Holdings Limited has announced the appointment of Sarah Stanford as the interim CEO of Aspen UK, effective immediately.
One Big Beautiful Bill signing cuts CFPB budget nearly in half
Fireworks exploding near the White House and Capitol Hill during Fourth of July were more than just recognizing Independence Day. President Trump and Republicans cheered passage and the signing of the One Big Beautiful Bill into law, which included a … [Read More]