All Ticker Stories articles – Page 68
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FTSE350 pension deficit soars to £33bn
Corporate default risk also rises fourfold, according to Mercer
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RIMS calls for regulation of broker commissions
US association wants contingent fees to be prohibited
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Advice to combat bribery risk
In light of FSA’s record fine against Aon, Robertson & Co. issued advice to other companies
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Analysis
Risk governance is the way forward
For risk management to work it needs to be focused strategically and not ignored as a back office function, say the authors of Global Risks 2009
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Commission begins legal action against S&P
Claims the rating agency may have abused its monopoly of financial market data
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US regulators charge two traders with fraud
Two men were arrested for allegedly defrauding investors of $15m
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Analysis
Aon’s bribery fine is a major milestone
But UK authorities have a long way to go to match their US counterparts
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US pension plan deficit hits record $409bn
At the end of last year estimated pension plan assets declined to $1.2 trillion compared with liabilities of $1.6 trillion
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Q4 worst quarter for dividends since 1950s
More public companies decreased their dividends
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AIG’s auto unit ‘extremely attractive’
The rebranded auto insurance unit could be among the easiest to sell, said Bloomberg
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Analysis
Whatever happened to Wall Street?
Problems in the financial services sector are not just the result of a lack of oversight
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Crisis won’t be over before 2010: Survey
Risk experts expect the worst effects of the credit crisis to drag on into next year
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Lloyd’s gets Guernsey licence
The London market is cleared to write general insurance business in Guernsey
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Analysis
The year ahead
Resource shortages and the impact of the financial crisis are likely to be the big risks in 2009, says Control Risks
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US P&C income declines 92%
Deteriorating underwriting and investment results hit the industry hard
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Lawsuit seeks to stop AIG bailout
A Christian rights group claimed the US Treasury's support of AIG is anti-American
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UK businesses not protecting IP
40% of businesses take no action to ensure their intellectual property is protected
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Madoff fraud will have huge impact on insurers
Investors in Madoff’s funds will inevitably face action from disgruntled clients, says JLT
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AIRMIC ‘disappointed’ with industry solution on disclosure
The insurance buyers association wants guidance on what constitutes appropriate practice