Tony Dowding
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Insurance
P&I Clubs face testing time ahead – AM Best
Intense competition in the marine protection and indemnity (P&I) sector is keeping insurance pricing down for ship owners, according to…
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Analysis & Opinion
Assessing natural catastrophe exposures in global programmes
Natural catastrophe risk is one of the biggest exposures that societies and businesses face today. And as companies expand globally…
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Captives
Unlock the potential of multinational pooling and employee benefit captives – Willis Towers Watson
The use of multinational pooling and employee benefit captives is delivering cost savings to companies, and companies not actively managing…
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Global Risk Manager
Moody’s: Low oil prices are headwind for GCC insurance market
Moody's Investors Service has warned that insurers in most Gulf Cooperation Council (GCC) countries are likely to face moderate to…
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Benelux
Decree on Dutch insurance premium tax issued
A new decree on insurance premium tax (IPT) in the Netherlands has been issued, clarifying and changing certain aspects of…
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CRE Insurance
Greek authorities clarify IPT rules
Greek authorities have published clarifications of the rules concerning Greek insurance premium tax (IPT), according to FiscalReps. The new Independent…
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Asia
Labuan to intensify its efforts on the captive sector in 2017
Captive insurance is one of the niche sectors where the Labuan International Business and Financial Centre (Labuan IBFC) is expected…
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Captives
Changes to TRIPRA in US will impact captives in 2017
Changes to the 2015 US Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), such as raising the programme trigger and increasing…
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Cyber & Technology
Zurich NA and Deloitte to offer cyber combination
Zurich North America is to cooperate with consultants Deloitte on providing cyber risk mitigation and transfer services to businesses in…
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Global Risk Manager
UAE’s financial regulations will help insurers in medium term
As insurers in the United Arab Emirates (UAE) adjust to recent financial regulations and overcome initial compliance hurdles, Moody’s Investors…
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Global Risk Manager
Modest growth and consolidation forecast for Saudi insurance market
The Saudi insurance market is expected to see only modest growth at best in 2017, according to Standard & Poor’s…
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Asia
Chinese regulator warns insurers against “risky behaviour”
The Chinese insurance regulator has said that it would not allow the insurance sector to become a “club of the…
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CRE People Moves
Brit launches US cyber unit
Brit Ltd has launched a new cyber and technology team for Brit Global Specialty USA, with Michael Carr appointed senior…
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CRE Insurance
Swiss Re keeps the faith with Corporate Solutions unit
Growing Corporate Solutions will remain a key part of Swiss Re’s business plan despite the unit’s disappointing result in 2016,…
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Insurance
StarStone almost doubles profits
StarStone, the global specialty insurer acquired by Enstar Group Ltd in 2014, announced net earnings, including non-controlling interests, of $42.8m…
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Global Risk Manager
Ironshore International ups capacity on terrorism & sabotage programmes
Ironshore International has increased capacity on its Terrorism & Sabotage programmes to $400m from the current $375m limit, effective immediately.…
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CRE Insurance
Hiscox posts record result for 2016
Hiscox posted a record profit of £354.5m for 2016, an increase of 64%, with gross written premium growth of 23.6%…
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Global Risk Manager
Specialty unit boosts Berkshire Hathaway Q4 insurance premium volumes
Berkshire Hathaway posted insurance operating earnings of $1.37bn in 2016, compared with $1.16bn in 2015. Underwriting profits at the group’s…
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Global Risk Manager
UAE insurance market posts 2016 profit and premium growth
The United Arab Emirates (UAE) insurance market posted a profit in 2016, following an extremely challenging year of underwriting and…
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CRE People Moves
SCOR Business Solutions appoints new head
SCOR Global P&C has appointed Rachel Conran as head of SCOR Business Solutions, the business unit dedicated to large corporate…