Insurance
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German insurance companies have fared well but face new test–S&P
German-based insurance companies and subsidiaries of international groups have shown stability over the past year but face a new test…
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UK’s CII calls for end to ‘Tick Box’ regulatory approach
The Chartered Insurance Institute (CII) has called on the UK government to grasp the opportunity presented by the current review…
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New electronic buying tool planned for German industrial risks
German industrial groups are making a fresh attempt to arrange a system that will allow them to buy cover via…
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Marsh signs agreement to help avoid overpricing of Iraqi risks
Marsh has signed a mutually exclusive agreement with Anglo Arab Insurance Brokers (AAIB) that aims to help clients with operations…
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Industrial insurers post healthy numbers to support continued stable market
Allianz Group yesterday announced strong third quarter results in terms of revenue growth and operating profits and confirmed its operating…
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CEIOPS to agree advice on broker directive next week
The Committee of European Insurance and Occupational Pensions Advisers [CEIOPS] will meet on 10 November to agree draft advice that…
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EC softens stance on equivalence and opens door to US
The European Commission has decided to relax its approach to third countries outside the European Union when it decides which…
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Commission should leave cover for ELD risks to market forces-expert says
Following a recent report from the European Commission on the Environmental Liability Directive (ELD) that suggests it is considering intervention…
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US Treasury expects to make profit on AIG
The United States government announced this week that it hopes to make a profit on its loans and investment in…
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New credit insurer aims to address buyers’ concerns
A new dedicated trade credit insurer, Equinox Global, has entered the market and hopes to address buyers’ concerns over certainty…
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Willis urges buyers to take advantage of soft market at renewals
Willis has urged insurance buyers to take ‘smart advantage’ of the ongoing soft market conditions and enhance coverage as much…
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PCI: Rates stable but concerns over reserves, regulation and profitability
US Property and Casualty insurers are heading for trouble as concerns mount over how long reserve releases can continue to…
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Rating agency and stock market give Brit deal thumbs up
The board of Achilles Netherlands Holdings (Achilles), a majority owned company of funds managed by the private equity (PE) firms,…
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Good news for primary buyers as reinsurers expect stable renewals
The story has not really changed much from the Monte Carlo Rendez-Vous over the last six weeks: Primary insurance and…
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Product safety top of bill in EC-China talks
EU Health and Consumer Policy Commissioner, John Dalli, has placed product safety top of his agenda in a series of…
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Commission launches consultation on country-by-country reporting
The European Commission has launched a public consultation to seek stakeholders' views on financial reporting on a country-by-country basis by…
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Europeans want action on cross border legal disputes
Three out of four Europeans (73%) want action to help them resolve legal disputes and assert their rights in other…
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Russian fire and drought to spark demand among buyers–S&P
The prolonged heat wave and damage from fires and drought that hit Russia this summer caused considerable economic and personal…
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German buyers relaxed about terror threat and Extremus renewal
A waves of resentment was felt in German political and business circles at the beginning of October, when the US…
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French non-life market primed for hardening say insurers
Non-life insurers in France have warned that prices are about to go up again, as their results are under pressure…