Monday Morning Headlines

Monday Morning Headlines are compiled by SNL Insurance and produced by WRIN.tv as a weekly video digest of the news making headlines in the U.S. Insurance industry.  In this edition of Monday Morning Headlines:

Bonus Stories

The Financial Stability Oversight Council is expected to adopt new procedures for communication and transparency in the nonbank systemically important financial institutions designation process. Designated companies would get the chance to challenge their designations before the council every five years. Treasury Secretary Jack Lew said at an FSOC meeting that he supports the recommendations and would like to see them formalized soon.

Japanese insurer Dai-Ichi Life got the regulatory approvals needed to close the acquisition of Alabama-based Protective Life. The $5.6 billion deal, which has spurred discussion about the appetite of Asian acquirers for U.S. insurers, was announced in June.

Travelers Chairman and CEO Jay Fishman is still mobile and planning to continue working full time following his November announcement that he suffers from a neuromuscular condition. Fishman is reducing his outside responsibilities to devote more energy to running Travelers. 

SNL Insurance is a premier provider of insurance news, data and analysis. For more information about SNL’s insurance news coverage, visit the SNL Insurance website.

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