Financial Institutions
Financial Institutions
News, insights and thought leadership for re/insurance professionals with an interest in FI.
Insurers cope with pandemic losses amid hardening market - Business Insurance A&H / Contingency

Insurers cope with pandemic losses amid hardening market - Business Insurance

Losses related to the COVID-19 pandemic began to hit insurers’ books in the second quarter but will remain “manageable” for the industry, according to analysts...
Losses related to the COVID-19 pandemic began to hit insurers’ books in the second quarter but will remain “manageable” for the industry, according to analysts...
businessinsurance.com / Article / 3 years ago
No immediate market reaction to coronavirus but likely to reinforce hardening - Commercial Risk

No immediate market reaction to coronavirus but likely to reinforce hardening - Commercial Risk

The commercial insurance market remains difficult for buyers but has not immediately reacted to Covid-19, however experts say it will likely reinforce hardening in the longer term...
The commercial insurance market remains difficult for buyers but has not immediately reacted to Covid-19, however experts say it will likely reinforce hardening in the longer term...
Article / 3 years ago

New York Department of Financial Services issues guidance and request for preparedness plans related to COVID-19 due by April 9, 2020 - JD Supra

A&H / Contingency
On March 10, 2020, the New York Department of Financial Services (DFS) issued a letter to all DFS-regulated insurance entities providing guidance and...
On March 10, 2020, the New York Department of Financial Services (DFS) issued a letter to all DFS-regulated insurance entities providing guidance and...
jdsupra.com / Article / 3 years ago

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Swiss Re board chair stepping down – returning to UBS as CEO
Swiss Re board chair stepping down – returning to UBS as CEO
Sergio P. Ermotti, who was group chief executive at UBS for nine years until 2020, will be stepping down ...
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U.S. FDIC tells Signature Bank's crypto clients to close accounts by April 5 - Reuters
U.S. FDIC tells Signature Bank's crypto clients to close accounts by April ...
The U.S. Federal Deposit Insurance Corp (FDIC) has informed collapsed lender Signature Bank's crypto clie...
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The consequences of a high interest rate environment for banks
The consequences of a high interest rate environment for banks
The SVB has sent shock waves through the banking community with attention turning to the potential wider ...
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First Citizens Bank to buy SVB's deposits, loans from FDIC - Reuters
First Citizens Bank to buy SVB's deposits, loans from FDIC - Reuters
First Citizens Bank & Trust Co will buy all of Silicon Valley Bank's deposits and loans from the Federal ...
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Inside in Full: US construction in flux: Market assesses banking crisis, rising labor costs and a $1tn bill
Inside in Full: US construction in flux: Market assesses banking crisis, ri...
US construction market participants have warned that the collapse of Silicon Valley Bank (SVB) and Signat...
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U.S. backstops Silicon Valley Bank's sale to First Citizens - Reuters
U.S. backstops Silicon Valley Bank's sale to First Citizens - Reuters
U.S. regulators said on Monday they would backstop a deal for regional lender First Citizens BancShares F...
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Factbox: The biggest financial crises of the last four decades
Factbox: The biggest financial crises of the last four decades
Markets have experienced massive upheaval in the last month, prompted in part by two of the three largest...
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Banks, Financial Industry Hit by Rising Ransomware Attacks
Banks, Financial Industry Hit by Rising Ransomware Attacks
Ransomware gangs didn’t come out with any big new innovations last year, but “what 2022 lacked in innovat...
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