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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
Insurance
Losses from natural catastrophes in the third quarter will likely wipe out global reinsurers' annual earnings and ultimately become a capital event for the sector, S&P Global Ratings said on Oct. 13. 16 October 2017
Insurance
Property/casualty (P&C) CEO bonus payments increased to 393 percent of salary in 2017 from 225 percent of salary in 2016, according to a study by consulting firm Compensation Advisory Partners (CAP). 20 June 2018
Insurance
London-based re/insurance legacy specialist Compre said on Aug. 21 that it has acquired a further legacy portfolio from major Norwegian insurer Gjensidige Forsikring ASA (Gjensidige). 21 August 2017
News
Indian reinsurer GIC Re posted a solid set of results for the fiscal year 2014, as its profits and gross premiums jumped. 1 June 2015
Insurance
Some executives running managing general agents (MGAs) should be prepared for the potential effect on their own businesses of losses from the series of hurricanes that have hit the US and the Caribbean—even if they have no direct exposure to the area. 10 September 2017
Insurance
Ironshore, now a Liberty Mutual Company, has appointed Russell Fisher as vice president of political risk and trade credit to underwrite European business lines, based in London. 24 May 2017
Insurance
China’s regulator has banned China’s Bohai Life Insurance from providing financial aid “in any form” to HNA Group in the next six months while it improves its corporate governance, Reuters reported on Oct. 12. 12 October 2017
Insurance
US-based Assurant, a provider of risk management solutions, will move closer to completing its acquisition of The Warranty Group, a provider of protection plans, for some $2.5 billion if it succeeds in completing a $900 million senior debt sale this week. 27 March 2018
Insurance
Root Insurance, a car insurance company that operates entirely via mobile technology, has added availability in four new states in the US. 24 January 2018
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