MIPs for SMEs – touching the tipping point

MIPs for SMEs – touching the tipping point

MIPs for SMEs – touching the tipping point

Businesses expanding overseas for the first time usually start by looking for a local insurance solution. But an underlying interest in centrally managed multinational insurance arrangements that provide leverage and control takes hold. Until then, awareness of these options is low, according to a business insight from AIG Europe entitled: ‘The challenges facing medium sized businesses that need to insure their assets overseas.’

News in brief

News in brief

News in brief

Shanghai Free Trade Zone opens, OECD report on Asia Pacific disaster risk financing, Brazilian insurance regulator issues report, Asian reinsurers raising new capital, says AM Best report, AIG Europe launches environmental response network, AGCS opens Stockholm branch, S&P report into global multiline insurers, AGCS announces new global responsibilities, Future of insurance M&A report from PwC and European insurers reducing financial leverage, says Moody’s.

Tax and regulatory news

Tax and regulatory news

Tax and regulatory news

IAIS to develop global insurance capital standard, Response to IAIS ICS proposals centres on timing, Solvency II delays hurt European insurers – Van Hulle, Costa Rican ruling on market opening, China signs Multilateral Tax Convention, Regulatory and premium tax update from Marsh, Claims compensation legislation enacted in Belgium, Airmic to deliver compliance solution next year, Bahamas introduces VAT at 15%, Regulatory changes highlighted by AIG and Venezuela insurance changes for road haulers.

Captive news

Captive news

Captive news

Hawaii releases captive contribution information, FiscalReps launches captive consultancy practice, Guernsey signs tax agreements with Switzerland and Hungary, David Cameron says Guernsey is ‘not a tax haven’ and MDS appoints former Ferma president.

Editor’s comment – Re/insurance: systemic risk mitigation?

Editor’s comment – Re/insurance: systemic risk mitigation?

Editor’s comment – Re/insurance: systemic risk mitigation?

It was almost inevitable that the banking crisis would impact on the insurance sector. Not so much the financial fall-out but the regulatory response. The obsession with systemic risk (quite right in the case of the banks, as history has shown) has spilled over into the insurance sector, resulting in the IAIS publishing a list of Global Systemically Important Insurers.A list of GSI reinsurers will be published by the IAIS next year.