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Global insurance, most read

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Global insurance, most read

Most-read stories for the week include an article on interest rate increases potentially hurting insurance companies, and a piece on a lawsuit that accuses Guggenheim of siphoning money from Security Benefit Life Insurance to buy the Los Angeles Dodgers.

Sudden interest rate jump could cause insurance firms to fail, BIS warns

A sharp jump in interest rates after a prolonged period of ultra-loose monetary policy could trigger solvency and liquidity problems at insurers and pension funds, the Bank for International Settlements has warned.

GEICO continued to raise private auto rates in May

GEICO Corp. units received approvals for 18 rate increases for their private-passenger auto businesses nationwide in May, three of which approved by Texas regulators were among the most significant rate increases during the month.

'Outside of the box' thinking might draw Athene, Apollo to GE insurance ops

A June 27 report that Athene Holding Ltd. is potentially interested in the insurance business of General Electric Co., which is best known for its long-term care reinsurance liabilities, is likely not a surprise to those who heard remarks made by James Belardi two weeks earlier.

Lloyd's of London must follow through on syndicate closure threats, CEOs say

Lloyd's of London should follow through on threats to close unprofitable syndicates if it wants to boost flagging underwriting performance, according to market sources.

Suit accuses Guggenheim of siphoning affiliate's cash to buy LA Dodgers

Guggenheim Partners LLC is facing a lawsuit for allegedly deceiving annuity investors of insurance affiliates and siphoning cash out of Security Benefit Life Insurance Co. to purchase the Los Angeles Dodgers baseball team.