Poland
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Fairfax continues drive into global specialty market with Allied World acquisition
Canadian group Fairfax Financial Holdings continued its expansion into the global specialty insurance market by announcing the planned acquisition of…
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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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AIG pulls out of CEE local business and much of Latin America: Remains committed to multinationals
AIG is selling its businesses in central and eastern Europe (CEE) and much of Latin America to Fairfax Financial Holdings…
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TMF Group: IPT roundup January – July 2016
According to TMF Group, 2016 has already brought many changes to taxes on insurance premiums around the world, especially in…
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Ferma names first accredited education providers for certification scheme
Ferma has named the first six education bodies to receive accreditation for its professional risk manager certification rimap as the…
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Flood costs mount in Europe as global nat cat losses top $7bn in May
Natural disasters across the world took a heavy toll last month with insurance costs expected to exceed $7bn as flood…
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Aon revamps Polish flood model to meet growing insurance demand
Aon Benfield's catastrophe model development team, Impact Forecasting, has launched a new version of its Polish flood model to help…
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AXA posts record result, but profits dip at Corporate Solutions
AXA posted record group earnings and revenues in 2015, but profits declined at its corporate insurance unit AXA Corporate Solutions…
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News in brief
Most insurers now looking at acquisitions, Words of warning over insurance carriers' instability, Allianz acquires commercial P&C portfolio of Aegon,…
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Chubb names country presidents in continental Europe
Chubb has named its country presidents for continental Europe.
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The WEF’s business perspective: a difference of opinion
Socioeconomic risks top the list for business leaders polled by the World Economic Forum (WEF), revealing a marked difference from…
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News in brief
Global risks? It depends who you ask, Business interruption is still biggest business risk–Allianz, Low interest rates are greatest challenge…
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Stricter enforcement of environmental rules and mandatory covers on the horizon, predicts insurer
There will be more focus on enforcement of environmental legislation across the world, including the EU, going forward, and a…
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Swiss Re predicts global insurance growth
The global economy is expected to strengthen moderately next year, supporting insurance premium growth in most regions, according to Swiss…
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Corporate round-up
Guy Carp adds seven countries to fully developed European hail model, ACE makes six appointments to international energy team and…
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Guernsey enlists OECD in fight to clear its name with EC
Guernsey has stepped up its efforts to clear its name after it appeared on an allegedly incorrect European Commission 'black…
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Kreditech data breach may spur interest in German cyber market
A data breach at Hamburg-based finance startup Kreditech that supplies small loans in eastern and southern Europe and in Latin…
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Insured losses from European extratropical cyclone Niklas up to €1.9bn
Insured losses from extratropical cyclone Niklas that hit much of Europe in late March will range between €1bn and €1.9bn,…
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Talanx vows to tackle challenges in industrial and retail business
It was not a happy day for the Talanx top management. On the morning of 23 March, when it was…
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Corporate round-up
Lloyd's opens new office in Dubai International Financial Centre, ACE extends ACE Tech Pro through continental Europe, Charles Taylor Adjusting…