Insurance
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Progress on EU/US bilateral agreement on insurance negotiations
Insurance Europe says it is encouraged by progress made in the recent round of negotiations between the EU and the…
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London market insurers outline Brexit priorities
Companies in the London insurance market have identified four detailed priorities from Brexit negotiations, according to the International Underwriting Association…
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Refine Solvency II, not replace it, say UK insurers
UK insurers are calling for regulators to refine Solvency II to make it more appropriate for the UK market, rather…
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Call for EC to put VAT modernisation back on agenda
Insurance Europe has called for the modernisation of Value Added Tax (VAT) rules for financial services to be put back…
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Emerging markets to drive non-life premium growth–Swiss Re
Emerging markets, in particular emerging Asia, will drive premium growth in non-life business in the next couple of years, according…
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UK Insurance Premium Tax increases again to 12%
The UK Government recently announced that Insurance Premium Tax (IPT) will rise from 10% currently to 12% from June 2017.…
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Legal perspective: Increasing awareness of parametric insurance
By Nigel Brook, partner at Clyde & Co According to McKinsey (Global Insurance Insights 2015) insurance penetration in emerging markets…
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Generali to exit less profitable markets
In an update on its strategic plan, Generali has said that it will focus on markets where it is technically…
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FiscalReps launches premium tax database and software
FiscalReps has launched TAXBOX2, a global premium tax database and software aimed at multinational insurance companies and anyone working with…
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Moody’s on overseas acquisitions by Japanese and Chinese insurers
The surge in overseas acquisitions by Japanese and Chinese insurers reflects the respective dynamics of these two markets, and is…
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Populist surge signals big change in political risk
The rise in populist politics and nationalism is adding a new and worrying dimension to already heightened political risk, with…
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Annual renewal hinders wider solutions, say risk managers
Risk managers have urged insurers to deliver multiyear insurance contracts, so that they can stop wasting time on annual renewals…
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Buyers warned to expect exclusions for cyber as regulatory pressure grows
Last month’s move by the UK’s regulator to force insurers to get a grip on their cyber exposures is likely…
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K&R emerges as broader crisis solution
With changes in the geo-political landscape, kidnap and ransom (K&R) insurance is morphing into a much broader crisis management solution…
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‘Most challenging’ market conditions unlikely to ease for insurers: Kendrick
There is little prospect of a change in commercial insurance market dynamics anytime soon, despite the fact the rating environment…
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BHSI offering stability to risk managers in volatile market
As many international corporate and commercial insurers struggle to find a way to make a decent return and deliver growth,…
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Nash heads up Guy Carpenter’s new international unit
Guy Carpenter has appointed its first president of international business after bringing together its non-US operations under a single unit.…
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Lloyd’s to reveal Brexit plan ‘early next year’
Lloyd's will share its plans to change structure and potentially create a subsidiary within the EU to protect its European…
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Some reinsurers won’t stay the course as outlook remains negative: AM Best
The rating outlook for the global reinsurance sector has been held at negative by AM Best. The operating environment is…
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US commercial rates remain flat, says Willis Towers Watson
US commercial insurance prices remained flat during the third quarter of this year, according to Willis Towers Watson's pricing survey.