Insurance
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Pensions regulation: a tougher approach
Globally, the regulatory burden on corporates is on the increase. This is particularly true in relation to workplace pensions, and…
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Marsh rolls out digital broker for affinity clients
Marsh has launched a digital broker platform for the affinity market that it said will change the way new and…
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Clouds forming over global economy: Atradius
Recent growth in the global economy is expected to “lose steam” next year, warns credit insurer Atradius in its latest…
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Chubb backs $1m flood risk project in Miami
Chubb has backed a $1m project to reduce the risk of flooding along the Miami coast. In partnership with conservation…
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Willis appoints Knight to head natural resources team
Willis Towers Watson has appointed Graham Knight as head of natural resources for its GB corporate risk and broking business.…
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IFRS 17 standard start date delayed
Following widespread calls for more time to prepare for the implementation of IFRS 17, the International Accounting Standards Board (IASB)…
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IAIS re-elects chair and approves supervisory papers at AGM
The International Association of Insurance Supervisors (IAIS) has re-elected the Bank of England’s Dr Victoria Saporta as chair, at the…
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Insurance market observers unconvinced by draft Brexit agreement
The draft Brexit agreement published yesterday will not preserve passporting rights for UK insurers or address the issue of contract…
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New ways of working pose risk and protection challenge
With increasing automation and a rise in more flexible approaches to work, employee-related risks are changing, requiring new approaches to…
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Caribbean insurers facing increased reinsurance costs, says Best
Reinsurance costs for property/casualty insurance companies in the Caribbean have increased in 2018, according to AM Best, and further increases…
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Japan’s top P&C insurers to pay out JPY1trn in 2018
A year of natural disasters has left Japan’s top three property and casualty (P&C) insurers with a bill expected to…
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AIG exits Iran as US sanctions take effect
American International Group (AIG) is shuttering all underwriting activity in Iran due to the reimposition of US sanctions by the…
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Insurer launches new-style bank
Financial services company Discovery is to launch what it calls the world’s first “behavioural bank”. The fully digital bank leverages…
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RSA exits London market specialty lines and cuts back international offering
RSA Group is exiting three lines of specialty business and scaling back its London market premiums by one third. Following…
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Lion of Africa to be wound down
The Johannesburg-based short-term insurer, Lion of Africa Insurance Company, a wholly owned subsidiary of Brimstone, has decided to voluntarily and…
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Covéa CEO Derez resigns from SCOR board
Covéa CEO Thierry Derez has resigned from SCOR’s board of directors, following months of discord between the two companies...
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US insurance association has significant concerns over ComFrame and ICS
The Property Casualty Insurers Association of America (PCI) has “significant concerns” about two International Association of Insurance Supervisors (IAIS) proposals:…
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Marsh announces plans for new Marsh-JLT Specialty unit
Marsh has announced it will create a new specialty unit following the acquisition of JLT. Marsh-JLT Specialty will combine the…
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Lloyd’s Brussels opens to write new EEA risks
Lloyd’s has declared itself “ready for Brexit”, on officially opening its new European insurance company in Belgium...
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Verisk report examines evolving environmental and technological risks
Data analytics provider Verisk has released a study examining the significant risks and trends that could seriously impact the businesses…