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Europe
Class report: Accident and health/business travel
An organisation's greatest asset is its workforce and, for multinationals, these employees can be spread all over the world. Not only that, some are expats, or on secondment abroad, and…
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Europe
Captive owners focus on employee benefits
Captives are being used in much more interesting ways in Europe with owners looking to expand their use, particularly in light of Solvency II. Employee benefits is one area that…
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Europe
Buyers urged to check insurer accounting schemes after UK premium tax hike
Following a 60% rise in the UK's Insurance Premium Tax (IPT) to 9.5%, Marsh's Praveen Sharma has advised insureds and brokers to check which accounting scheme their insurers use. He…
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Europe
Compulsory PI cover spreads around the world
The number of jurisdictions where professional indemnity (PI) insurance is compulsory is on the increase, according to a new report from ACE Group. The report shows that the range of…
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Europe
M&A shakes up global insurance picture
The multinational insurance buying landscape has been radically altered by a flurry of mergers and acquisitions among global insurance industry players lately, culminating in ACE buying Chubb and Willis buying…
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Europe
IAIS consults on controversial G-SII requirements
The International Association of Insurance Supervisors (IAIS) has begun a public consultation to help finalise development of the Higher Loss Absorbency (HLA) requirement for global systemically important insurers (G-SIIs). The…
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Europe
Tax and regulatory news
Some Romanian insurers face capital shortfall, India's new FDI rules may be restricted, IAIS Secretary General to stay till end of 2017, Nigeria opposes setting of insurance tariffs, Axco: Tajik…
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Europe
News in brief
Willis and Towers Watson to merge in $18bn deal, Regulation still top 'banana skin' for global insurers, 'Grexit' to hit surrounding market confidence, Fast change for insurance markets Downunder, Pressure…
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Europe
Captive news
European Commission lists third-country non-cooperative jurisdictions, OECD criticises EC list of non-cooperative jurisdictions, Guernsey calls EC list 'unjustified, unwarranted and plainly wrong', RIMS backs Captive Clarification Act, Hawaii appoints captive…
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Europe
M&A action–who is next down the aisle?
It's all happening in the global insurance sector all of a sudden, with merger and acquisition activity reaching what media commentators like to call a frenzy. Insurers, reinsurers and brokers…
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Europe
Taiwan market report
Insurance in Taiwan, officially known as the Republic of China (ROC), is regulated by the Insurance Bureau, part of the Financial Supervisory Commission (FSC) which was established in 2004 as…
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CRE Insurance
Cyber risk, nat cats and regs top ‘Banana Skins’ for non-life insurers
Cyber risk is the number one risk facing the non-life insurance industry over the next few years followed by nat cats and regulation, according to the Centre for the Study…
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Benelux
Human rights benchmarking system launched to drive ‘race to the top’
A group of leading corporate investment and interest groups have launched a consultation process to help create a corporate human rights benchmarking system that will rank the top 500 globally…
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CRE Insurance
IUA warns that global tax reforms could hinder transfer options
The International Underwriting Association (IUA) has warned that 'sweeping' reforms to tax systems around the world and increased cooperation between authorities will have 'profound' implications for the insurance industry and…
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Aviation
Aviation rates keep falling despite losses
Despite high profile losses in 2014 and the first half of 2015 the aviation insurance market continues to soften. However, some observers now question the sustainability of current premium rate…
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CRE Insurance
ILS market heading down the risk transfer chain reports Willis
The prospect of serious risk transfer deals being made between corporate risk managers and the capital markets through Insurance-Linked Securities (ILS) appears to be nudging ever closer based on a…
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Asia
Below average cyclones in Western North Pacific Basin predicts Guy Carp
The Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC) forecasts far fewer tropical cyclones and landfalls in the Western North Pacific Basin than average in 2015 as El Niño conditions take…
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CRE Insurance
Inclusion@Lloyd’s festival to promote diversity in insurance industry
The Corporation of Lloyd's, IUA, LIIBA, and LMA have announced a new insurance market-wide festival to promote diversity and inclusion in the sector.
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CRE Insurance
Corporate round-up
Vinay Mistry set for CRO role at The Channel Managing Agency, Damian Ely appointed CEO of Charles Taylor Adjusting, Beazley launches UK and European media team, Arthur J Gallagher expands…
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Association News
Insurance buyers: Keep the faith!
As many risk professionals and their representative bodies rightly push for a broader strategic role they would do well not to forget, and should stress, the importance of insurance and…