Articles
Insurance
Specialist re/insurance market Lloyd’s of London has received licence approval from the National Bank of Belgium for its EU subsidiary Lloyd’s Insurance Company. 23 May 2018
Insurance
Lloyd’s specialist insurer Neon has hired Theo Butt for the newly created role of group underwriting director. 23 May 2018
Insurance
Insurance intermediary The Ardonagh Group which comprises Autonet and Carole Nash, Paymentshield, Insurance Broking, Schemes and Programmes, MGA and Wholesale, has reported adjusted EBITDA (Earnings before interest, taxes, depreciation and amortization) up 12.7 percent year on year at £28.0 million in the first quarter of 2018. 23 May 2018
Insurance
Operational and legal complexities, as well as preparing for the tight reporting window for breach notification are the main challenges that re/insurers have met on their path toward complying with the implementation of the EU’s General Data Protection Regulation (GDPR) effective May 25, 2018. 23 May 2018
Insurance
A new data protection regulation which comes into force from May 25 in Europe will offer customers more insight into insurers’ decisions with regards to pricing and claims payments, increasing the likelihood of disputes while facilitating the switch to a different provider, as Intelligent Insurer discovers. 21 May 2018
Insurance
AIG Europe reported a pre-tax loss of £431.5 million for 2017 (ending Nov. 30, 2017) after a negative £171.1 million in the 2016 financial year. 18 May 2018
News
Japan-based Toa Reinsurance Company (Toa Re) has hired the former chief executive of Amlin Europe to spearhead a new European reinsurance venture. 17 May 2018
Insurance
Profits dipped at NN Group, one of the biggest insurers in the Netherlands, in the first quarter of 2018 but its gross premium income rocketed on the back of its 2017 acquisition of Delta Lloyd as its chief executive said he anticipates the integration of the two companies will be largely finalised by the end of the year. 17 May 2018
Insurance
GDPR (General Data Protection Regulation) fines which can reach up to 4 percent of a group's annual global turnover are only insurable in Finland and Norway from a group of 30 reviewed jurisdictions, according to Aon and DLA Piper research. 16 May 2018
Insurance
Bermuda-based Aspen Insurance Holdings has submitted an application to the Central Bank of Ireland for authorization of a new insurance subsidiary in Dublin, Republic of Ireland, to ensure that the insurance group can continue to operate in the European Economic Area after the UK leaves the EU. 15 May 2018
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