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Insurance
Lloyd’s has revealed that 4 percent of its £26.6 billion global gross written premium is likely to be affected by the UK’s withdrawal from the EU’s single market. 30 June 2016
Insurance
Jersey’s position as an international finance centre will be largely unaffected despite the UK’s decision to leave the European Union (EU), according to an update from Jersey Finance. 30 June 2016
Insurance
Global insurance premium growth accelerated in 2015 compared with 2014, but profitability of the sector is set to remain under pressure in a mixed growth outlook, according to the latest Swiss Re Sigma report. 30 June 2016
Insurance
A new trading relationship between the UK and the EU must be established as soon as possible following the UK’s decision to leave, the International Underwriting Association (IUA) has urged. 30 June 2016
Insurance
The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has deployed systems from Guidewire Software, a provider of software products to property/casualty insurers, to assist with underwriting, policies, billing and data. 30 June 2016
Insurance
Specialist insurer Allianz Global Corporate & Specialty (AGCS) has appointed Paul O’Neill as chief underwriting officer specialty, effective October 1 2016. 30 June 2016
Insurance
Allied World Assurance Company Holdings has appointed Marc Berner as vice president of public and private financial institutions, directors and officers (D&O), effectively immediately. 29 June 2016
Insurance
AIG Europe has entered into an agreement with Ascot Underwriting and other partners to launch a joint venture to serve UK’s high net worth (HNW) insurance market. 29 June 2016
Alternative Risk Transfer
Lloyd’s chief executive officer Inga Beale believes that Lloyd’s and the London insurance market will adapt to the new environment after the UK has officially left the EU and that London can maintain its position as the global heart of specialist insurance and reinsurance. 28 June 2016
Insurance
The UK’s decision to exit from the EU will have little immediate impact for re/insurers domiciled in both the UK and in EU member states from a US insurance regulatory perspective, according to Thomas Dawson, a New York-based partner at transatlantic law firm Drinker Biddle. 28 June 2016
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