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Equitable Life saga drawing to a controversial end

The decade-long Equitable Life Assurance Society (ELAS) saga that has its origin in bad risk management and regulatory shortcomings is finally nearing an end Policyholders of the 240-year old UK mutua…

E&Y wins Equitable Life fine appeal

Another chapter in the Equitable Life Assurance Society (ELAS) saga is complete, with a £500,000 ($730,000) fine for Ernst & Young (E&Y) relating to shortcomings of audits carried out on ELA…

No end in sight for saga of Equitable Life

Policyholders who suffered financial loss following the near collapse of the UKs oldest mutual insurer Equitable Life Assurance Society (ELAS) in 2001 gained cold comfort from the British governments …

Skandia family feud laid to rest

Skandia family feud laid to rest A dispute between UK-based insurer Old Mutuals subsidiary Skandia and the latters wholly owned Swedish life insurance unit Skandia Liv has been settled following a lon…

The fall of the mighty AIG

Though AIG is the most spectacular casualty among US insurers, the travails of many of its peers leave little doubt that the industry is in need of a review of its risk management capabilities and reg…

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