Articles
Insurance
The London Insurance and International Brokers Association (LIIBA) is calling for its members to prepare for the possibility that the UK will leave the EU without a trade deal. 25 July 2018
Insurance
US life/annuity insurers have increased the aggregate face amount of policies ceded to reinsurers by 83 percent since 2006, to $28 trillion, according to AM Best. 18 January 2018
Insurance
The Bermuda Monetary Authority (BMA) has warned about the risks involved when companies raise funds through cryptocurrencies such as bitcoin. 18 January 2018
Insurance
Germany-based legal expenses insurance provider ARAG has teamed up with insurtech startup Dinghy to offer legal services and protection to freelance professionals. 5 September 2018
Insurance
Protectionism is on the rise and could result in a global recession if current actions morph into a fully-fledged trade war, Swiss Re has warned. A longer-term decline in trade will hit marine and trade credit insurance premium growth hardest, the reinsurer noted in a report titled “Protectionism on the rise, and here to stay”. 27 September 2018
Insurance
AM Best has assigned a Financial Strength Rating (FSR) of B (Fair) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “bb+” to UK-based Folgate Insurance Company. The outlook assigned to these Credit Ratings (ratings) is stable. 22 November 2018
Insurance
Japanese conglomerate SoftBank is seeking to join Swiss Re’s board as it negotiates the acquisition of a minority stake in the reinsurer, according to a Feb. 18 Financial Times report. 19 February 2018
Insurance
European insurers showed “high resilience” to a series of natural catastrophes where European countries are hit in a quick succession of four windstorms, two floods, and two earthquakes, according to the European Insurance and Occupational Pensions Authority (EIOPA). 17 December 2018
Insurance
French insurer AXA has won a fraud court case in the UK against three-time Home Counties boxing champion Conroy Downer by using Facebook evidence. 31 August 2018
Insurance
Insurance Europe’s Reinsurance Advisory Board (RAB), a representative body for the European reinsurance industry, has accused the US National Association of Insurance Commissioners (NAIC) of deviating significantly from the original language of the bilateral agreement on re/insurance prudential measures, concluded between the EU and US in 2017, in its draft implementation plans. 28 October 2018
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