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31-45 of 97 results
China to relax M&A rules for insurance industry
By IBR Staff Writer
China has decided to ease mergers and acquisitions (M&A) rules for the insurance industry, a move which will allow global firms to expand their footprint in the country’s $288bn insurance market.
Regulatory & Risk > News
Zurich Canada chooses Quindell Solutions technology
By IBR Staff Writer
Quindell, the provider of sector leading expertise in software, consultancy and technology enabled outsourcing in its key markets, being insurance, telecommunications and their related sectors, is pleased to announce that Zurich Canada, part of the Zurich Insurance Group has contracted to use regul8™, Quindell's market leading statistical reporting solution.
Regulatory & Risk > News
New York regulators fine MetLife for unlicensed business operations
By IBR Staff Writer
New York financial market regulators have imposed a monetary penalty of $60m against Metropolitan Life Insurance (MetLife) for executing insurance business without obtaining proper licenses and falsifying with regulators for its misdeeds.
Regulatory & Risk > News
Libyan investment authority launches $1.5bn claim against Societe generale and others
By IBR Staff Writer
The Libyan Investment Authority (LIA) has issued a claim against SocGen, three subsidiaries, Walid Giahmi and a Panamanian company in the High Court in London in excess of $1.5bn, relating to a series of four trades and one restructured trade executed between late 2007 and mid 2009.
Regulatory & Risk > News
Pensions Regulator and the FCA publish joint regulatory guide
By IBR Staff Writer
A new guide that sets out how The Pensions Regulator and the Financial Conduct Authority regulate defined contribution (DC) workplace pensions has been launched today.
Regulatory & Risk > News
UK FCA fines Besso over anti-bribery and corruption systems failings
By IBR Staff Writer
The Financial Conduct Authority (FCA) has fined Besso Limited £315,000 for a failure to take reasonable care to establish and maintain effective systems and controls for countering the risks of bribery and corruption.
Regulatory & Risk > News
New York DFS fines AXA Equitable $20m for violations on annuity products
Department of Financial Services (DFS) has fined AXA Equitable a $20m for violating Insurance Law related to variable annuity products.
Regulatory & Risk > News
NAIC urges U.S. insurance regulatory input to FSB process
By IBR Staff Writer
In a letter to U.S. members of the Steering Committee of the Financial Stability Board (FSB), the National Association of Insurance Commissioners (NAIC) requested support for strengthening U.S. participation on the board by allowing regulatory input and expertise in discussions that impact U.S. insurance markets and policyholders.
Regulatory & Risk > News
IRDA orders SBI Life Insurance to repay $45m to policy holders
Insurance Regulatory and Development Authority (IRDA) of India has ordered SBI Life Insurance Company to refund nearly INR2.75bn ($45m) to policy holders.
Regulatory & Risk > News
Insurance Services Provider REG (UK) selects DataArt for regulatory compliance platform
By IBR Staff Writer
DataArt, a custom software development partner for the financial services and other industries, has announced it has completed the development of Regulatory Efficiency Gains ("REG")'s digital platform.
Regulatory & Risk > News
FSA to ban subcontractor insurance sales in Japan
By IBR Staff Writer
Financial Services Agency (FSA), a Japanese government organization responsible for the regulation of the financial services industry, is planning to issue a ban on insurance agencies from allowing subcontractors to sell insurance products.
Regulatory & Risk > News
FSA increases customer protection in packaged account market in UK
By Abdulhameed Bukhamsin
The Financial Services Authority (FSA) of UK has proposed new rules to make sure banks and building societies check customers are eligible to claim on insurance cover before selling them a packaged bank account.
Regulatory & Risk > News
UK FSA received £215m in redress in first half of 2011
The UK’s Financial Services Authority (FSA) has reported that 16 firms, which represents 92% of payment protection insurance (PPI) complaints received, have paid a total of GBP215m in redress during the first half of 2011.
Regulatory & Risk > News
FSA fines GBP6.89m on Willis
By BBR Staff Writer
Financial Services Authority (FSA) of UK has fined GBP6.89m on insurance broker Willis for failings in its anti-bribery and corruption systems and controls.
Regulatory & Risk > News
Alterra Bermuda obtains NYID approval for reduced collateral
By IBR Staff Writer
Alterra Bermuda, part of Alterra Capital Holdings, has received approval from the State of New York Insurance Department (NYID) to qualify as an eligible reinsurer for reduced collateral status.
Regulatory & Risk > News
31-45 of 97 results