Tony Dowding
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Global Risk Manager
Certainty of coverage most common reason for global programme, Aon survey finds
The most common reason for purchasing a multinational insurance programme is certainty of coverage, followed by cost savings and statutory…
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Asia
Chinese regulator warns insurers over liquidity risks, capital management and internal controls
The China Insurance Regulatory Commission (CIRC) has warned insurance companies that they must guard against liquidity risks with regular cash…
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CRE Legal Regulation
Trump orders review of ‘systemically important financial institutions’ process
The US President, Donald Trump, has told the Treasury to put a temporary ban on identifying non-bank financial companies as…
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Global Risk Manager
Very high level of global interest in forming captives in next five years, finds Aon survey
Organisations have reported a very high level of interest in forming a new captive or protected cell company (PCC) in…
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Analysis & Opinion
A spotlight on global solutions for employee benefits
More and more large multinationals are realising that there is a significant opportunity to optimise their global employee benefits arrangements…
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Asia
Hong Kong-listed Chinese P&C insurers see profits drop and slower premium growth
Hong-Kong listed Chinese property and casualty (P&C) insurers saw a deterioration in profits in 2016, according to Moody’s Investors Service.…
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Global Risk Manager
Soft market conditions still favouring North American insurance buyers
North American insurance buyers can expect a favourable and stable commercial insurance market, despite potential changes from Washington, DC, which…
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Asia
Global insurance industry to see stronger growth in 2018
The global insurance industry is expected to see nominal premium growth in 2017, but 3% growth in 2018, driven by…
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CRE Insurance
Robust reinsurance market despite soft conditions says Willis Re
Reinsurers’ results for 2016 show that the reinsurance market is robust despite the continuing soft market conditions, according to Willis…
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Captives
Cayman Islands insurance industry reports strong start to 2017
The Cayman Islands insurance industry has seen a “buoyant start to 2017”, with eight new insurer licences issued in the…
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Asia
Malaysian insurance regulator may seek greater enforcement of foreign ownership cap
The regulator in Malaysia is reportedly looking at taking a stricter line on foreign ownership of insurers, according to Bloomberg.…
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CRE Legal Regulation
US insurers urged to monitor tax reform proposals
Insurance companies in the US could face increased taxation and should closely monitor the debate over tax reform proposals and…
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Asia
Head of Chinese insurance regulator dismissed in sector crackdown
The chairman of the China Insurance Regulatory Commission (CIRC) has been dismissed, following his investigation for “serious disciplinary violations”. According…
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Energy insurance stuck in soft market, but conditions can change quickly warns Willis
Global energy insurance markets are still stuck in a softening market, albeit a decelerating one, according to Willis Towers Watson’s…
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Asia
Zurich buys Sydney-based travel insurance provider Cover-More
Zurich Insurance Group has acquired 100% of the issued share capital of Cover-More Group Limited, a leading travel insurance and…
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Captives
Vermont appoints new director of financial services to replace Dan Towle
The Vermont Agency of Commerce & Community Development has appointed Ian Davis as the next director of financial services. The…
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CRE Legal Regulation
Significant barriers to implementation of IAIS standards, says Fitch
Fitch Ratings has warned that significant barriers to implementation of the new International Association of Insurance Supervisors (IAIS) standards remain,…
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CRE Insurance
No need for rushed changes to Solvency II’s ultimate forward rate, say insurers
The European Insurance and Occupational Pensions Authority’s (EIOPA) plans to make changes to the Solvency II ultimate forward rate (UFR)…
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CRE Insurance
Non-payment trade credit insurance claims in UK hit highest level since 2009
Non-payment claims paid out in the UK by trade credit insurers in 2016 rose to their highest level since 2009,…
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Asia
Head of Chinese insurance regulator investigated for disciplinary violations
The head of the China Insurance Regulatory Commission (CIRC) is being investigated for “serious disciplinary violations” according to a statement…