Insurance
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Pool Re reinsurance renewal increases limit to £2bn
Pool Re, the UK government-backed mutual terrorism reinsurer, has increased its commercial reinsurance cover to £2bn, compared with the £1.95bn…
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Activities-based approach to IAIS’ systemic risk assessment
The International Association of Insurance Supervisors (IAIS) is to develop an activities-based approach to systemic risk assessment in the insurance…
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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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Chubb strengthens UK & Ireland team
Chubb has created two new senior management roles for its UK and Ireland operations. Sara Mitchell is named head of…
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Arc Legal launches online tax insurance cover
Legal expenses insurer Arc Legal Assistance has launched a range of insurance products, including captive solutions, for accountancy firms to…
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Marine insurance faces skills shortage challenge
The biggest challenge facing the marine insurance industry today is the lack of skills, according to one South African underwriter.…
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South Africa’s Jonathan Dixon to head global regulatory body
The International Association of Insurance Supervisors (IAIS) has appointed Jonathan Dixon as successor to long-time secretary general Yoshihiro Kawai. Mr…
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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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Hurricane risk mounts in northeast US and Canada: JLT Re
Northeast US and parts of Canada face growing hurricane risk, according to JLT Re. Speaking at the Reinsurance Association of…
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Ethiopia dam attack attempt not viable threat but indicates increased terrorism risk
A planned attack against Ethiopia's Grand Renaissance Dam (GRD) hydroelectric project was thwarted by security forces on 1 March, according…
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138 million Nigerians do not trust insurance
The level of mistrust of insurance in Nigeria is sky high, according to a new survey that reveals 138 million…
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New blockchain technology trialled to improve London market claims
A new blockchain prototype has been developed for the London market, which promises to speed up the claims processes and…
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Willis Towers Watson completes purchase of French aviation broker OAAGC
Willis Towers Watson has completed the acquisition of French aviation broker OAAGC, to make it the leading aviation intermediary in…
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Airmic raises concern over broker conflicts of interest
Airmic has raised concern over broker conflict of interest and remuneration, calling for more transparency over how intermediaries operate and…
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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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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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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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Many firms unable to prepare for ‘worst case’ Brexit because costs too high: CBI
The UK’s Confederation of British Industry (CBI) has warned that if the UK leaves the EU without a trade deal…
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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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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…