Share this with your colleagues and friends

If you are having issues viewing this e-mail, click here  to see it in your browser.
If you are having issues with viewing this e-mail, click here to view it in your browser.
Contact Us    |    FastMarkets    |    Forward to a friend    |    Optimize    |    Subscribe
Tuesday, April 23, 2013

Regulators Get Banks to Rein In Bonus Pay

Bank payU.S. banks are bowing to regulators' concerns about the size of executive pay and its role in financial industry risk-taking.

Seven large U.S. financial-services firms, including PNC Financial Services Group, Capital One Financial Corp., and Discover Financial Services Inc.,  said ...

Read More

Survey by Willis and Allen & Overy Reveals Directors’ Top Risk Management Concerns

Willis SurveyThe threat of regulatory investigations and enquiries, criminal penalties, along with anti-corruption legislation, are among the top concerns for directors and officers according to a new survey conducted by Willis Group Holdings, the global risk adviser and insurance broker, and international law firm, Allen &...

Read More

AIG Wins Bid for New Venue in Fraud Lawsuit Against Bank of America

AIG-BofA suitAmerican International Group Inc. (AIG) has scored an early procedural victory in its lawsuit against Bank of America Corp., with a federal appeals court ruling that its mortgage fraud lawsuit should be heard in state court.

AIG's 2011 lawsuit against Bank of America had been on hold as the two sides fought...

Read More

McGowan Purchases Assets of Governmental Underwriters of America, Inc.

McGowanThe McGowan Companies (McGowan) has purchased the assets of Governmental Underwriters of America, Inc. ("GUA"). Effective immediately GUA will begin operating under the newly formed "McGowan Governmental Underwriters" (MGU) brand.


Read More

RIMS 2013: Lockton Senior VP Sees Continuation of Stable Reinsurance Market

LocktonEric Silverstein, a senior vice president with Lockton, spoke with Best's News Service about carriers increasingly focusing on return on equity. Silverstein, attending the Risk and Insurance Management Society's annual conference in Los Angeles, said the industry will "push for a 10% return on equity" and that the <...

Read More

Towers Watson Launches Sunstone, a New Terrorism Risk Modeling Software Product

Terrorism modelGlobal professional services company Towers Watson has introduced new predictive modeling software designed to assess terrorism risk. The company unveiled its Sunstone product during a launch event at the RIMS 2013 Annual Conference in Los Angeles. The product provides both insurers and non-insurers with ...

Read More

Marsh-RIMS Survey Finds Greater Risk Management Engagement in Delivering Strategic Value

Marsh-RIMS SurveySenior executives and risk professionals are more aligned than ever on their views of the role that risk management should play in strategic planning. However, the strategic value that risk professionals can deliver may not be fully tapped, according to findings from a survey released today by Marsh and RIMS.<...

Read More

Trustee Sues Corzine Over MF Global Collapse

MF Global lawsuitThe trustee overseeing MF Global Holdings Ltd.'s bankruptcy sued former Chief Executive Jon S. Corzine and two other top executives over their alleged role in the brokerage's co...

Read More


For inquiries regarding submissions or markets contact:

For marketing comments or questions contact:
23172 Plaza Pointe Drive, Suite 205, Laguna Hills, CA 92653
p: 800.326.2700 | f: 800.588.4958
To ensure our daily newsflash always reaches your inbox, please click here .