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Insurance
European re/insurers are at a competitive disadvantage when writing risks in the US due to the “highly discriminatory” collateral requirements, said Insurance Europe ahead of further negotiations between the EU and US on a bilateral agreement on re/insurance. 21 September 2016
Insurance
A strong US dollar and falling cargo values are the main reasons for the 9 percent reduction in global cargo premiums from 2014 to 2015, according to Nick Derrick, cargo committee chairman for the International Union of Marine Insurance (IUMI). 21 September 2016
Insurance
Zurich Insurance Group has made a series of appointments as it plans to combine its corporate and commercial businesses into a single commercial insurance unit. 21 September 2016
Insurance
Two on-board containership fires in 2016 – the NNCI Arauco in September and the Maersk Karachi in May – have raised concerns that seafarers are inadequately equipped for such exposures, according to the International Union of Marine Insurance (IUMI). 21 September 2016
Insurance
CCR Re, the newly established subsidiary of CCR, has appointed Bo Werkstrom as senior underwriter of life treaties for the Maghreb and Middle East countries. 21 September 2016
Insurance
All insurers are grappling with the opportunities and challenges presented by a digital future and the greater availability of data. Allianz is looking to get ahead of the game, as its first chief digital officer Solmaz Altin tells Intelligent Insurer. 20 September 2016
Insurance
Global marine underwriting premiums for 2015 are down to $29.9 billion, a 10.5 percent reduction from the 2014 figure, according to IUMI’s annual statistical report. 20 September 2016
Insurance
Closing the insurance gap – the difference in many sectors and parts of the world between economic and insured losses – would allow re/insurers to innovate and stop fighting over the same shrinking pie. 19 September 2016
Insurance
Reinsurance prices are set to remain under pressure in the upcoming renewals season and reinsurers should be willing to shed business if it’s unlikely to deliver targeted returns, Juan Beer, global head of group reinsurance at Zurich, told Intelligent Insurer. 16 September 2016
Insurance
A UK inquiry into Solvency II (S2) and the impact of post-Brexit change is likely to look closely at capital requirements for annuities and at potential risks for reinsurers if future UK rules are not considered equivalent to S2, Fitch Ratings has said. 15 September 2016
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