European Union

Condoleezza Rice urges action on domestic issues

By Warren S. Hersch | May 1, 2013

The U.S. must address festering fiscal and social issues to maintain its political and economic standing.

Nelson: FIO must stay in its lane despite agenda

By Elizabeth Festa | March 8, 2013

The FIO’s advisory committee plans to examine insurers' use of captive reinsurers to pack away reserves.

Eurozone markets are a mixed bag

By Tom Nawrocki | February 28, 2013

The winners and losers in Europe's markets right now might surprise you.

Ireland sells Irish Life to Canada's Lifeco

By Shawn Pogatchnik | February 19, 2013

Ireland agreed Tuesday to sell the country's largest insurance company, Irish Life, to Great-West Lifeco of Canada.

Nelson invokes 10th amendment in NAIC message

By Elizabeth D. Festa | February 6, 2013

Nelson says we should not acquiesce to the federal government when we realize the states do the job so well.

Nelson sticks to NAIC preservation of state system

By Liz Festa | January 23, 2013

The former senator will serve as a guard against federal incursion of state-based regulation.

EU-US Dialogue Project proposes a 'Way Forward' for transatlantic insurance supervision

By Liz Festa | December 22, 2012

The goal is to craft a detailed project plan in early 2013, to be pursued over the next five years.

Where have all the millionaires gone?

By Gil Weinreich, AdvisorOne | November 29, 2012

Britain’s Telegraph newspaper reports that just 6,000 Britons declared income over a million pounds ($1.6 million) to the nation’s tax authority, down from more than 16,000 in the 2009-10 tax year.

NAIC president: CEO to be selected to take NAIC to "next level"

By Elizabeth D. Festa | November 19, 2012

The NAIC is looking for an articulate, serious individual with gravitas who can and will master Washington politics.

Moody’s: credit impact of U.S. life insurers’ exposure to Europe is modest

By Warren S. Hersch | October 24, 2012

U.S. life insurers had a total exposure of $57 billion at year-end 2011, approximately 20 percent of the industry's statutory capital, according to Moody's.