Although the details still are being worked on and the time line is open for debate, the way Jerry M. de St. Paer sees it, the question for U.S. insurers is not whether there will be convergence between U.S. GAAP and IFRS standards--but when.
A global survey of 111 financial institutions including insurers has found only 36 percent have an enterprise risk management (ERM) program, the Deloitte consulting firm said.
Bermuda Based RenaissanceRe Holdings Ltd., announced today it has agreed to acquire Spectrum Partners, Ltd., in a stock deal worth approximately $709 million at current prices.
A bankrupt building supplies manufacturer owes New York $1.5 million for asbestos damage to city schools, an arbitration panel has ruled, the New York law department said.
While overall property-casualty insurance loss reserves are adequate right now, the situation needs to be closely monitored, agency analysts told an industry conference.
In these challenging economic times for insurers, it's not enough simply to recognize the challenges: Decisionmakers must understand today's economic trends and how those are likely to impact their company and industry sector.
Dennis M. Donahue, managing director and national practice leader for employee benefits for Wells Fargo Insurance Services, has been named the new chairman of The Council of Employee Benefits Executives.
Sedgwick Claims Management Services, Inc. announced today it has been recertified as an effective employer for attracting, developing and keeping the best staff by Employer of Choice, Inc. consulting firm.