All Financial Servcies articles – Page 18
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US commercial lines market stable: AM Best
Expects an overall flattening of rates in 2009
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Europe agrees to regulate rating agencies
Europe has agreed a plan to supervise credit rating agencies
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Analysis
Buyers should pay for ratings
Ratings paid for by investors would eliminate the conflicts of interest that contributed to the financial crisis, says New York Insurance Superintendent Eric Dinallo
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Eastern Europe in deep crisis
European Union leaders rejected a multi-billion dollar rescue plan for Eastern Europe which is facing a deep economic crisis
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AIG UK hived off following parent company's $61.7bn loss
AIG announces 2008 results and massive corporate restructuring
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AIG reports $61.7bn Q4 loss
Represents the largest loss ever in American corporate history
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Managing risk crucial to surviving recession
A new report highlights the key risks companies face as the global economy slows
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Banks urged to grasp risk management
Only 42 % of banking execs plan to undertake fundamental changes to risk processes, says survey
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Features
Risk in a recession
Risk is following hard on the heels of the recession, warns Nathan Skinner
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Special Reports
Guernsey: Europe's number one domicile
Richard Le Tocq explains the reasons for Guernsey’s success
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Special Reports
Solvency II brings new pressures
Updating solvency frameworks has become essential for captive domiciles in the light of Solvency II. Richard Walker describes Guernsey’s approach
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Poland struggles with foreign debt
Poland has estimated external bills of $100bn, says JLT
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AXA CS weathers the financial storm
Turnover and operating profit both increase but combined ratio tops 100%
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Credit insurers take over from rating agencies
Insurers are better than rating agencies at determining companies’ credit worthiness, says Aon
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$10m mortgage fraud scam unearthed
Defendants are accused of obtaining more than two dozen subprime mortgages fraudulently
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XL to remain in ‘practically all’ lines: McGavick
Staff eliminations and business cutbacks are efforts to prevent XL entering a downward spiral
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Analysis
Insurers are stable: AIRMIC Live
The impact of the financial crisis has mainly been offset by a hardening of the insurance cycle, say industry experts
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S&P highlights another systemic risk
The rating agency said collateralisted loan obligations could be at risk if just a few companies default on their debt