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Guernsey ended 2015 with more than 800 international insurers, according to the Guernsey Financial Services Commission (GFSC). 10 February 2016
News
Some of the growth opportunities that exist for reinsurers currently operating in the Latin American region stem from entering lines of business they have not traditionally written in the past. That is the view of Derek Durst, international treaty underwriter for QBE Re. 27 October 2015
Insurance
Falling fertility rates similar to those in other developed markets such as the US, Europe or Japan are leading to an ageing population, with fewer entrants coming into each country’s labour market, says Michael Garvin, chief financial officer–Latin America region for Principal Financial Group. 26 October 2015
Insurance
A major global cyber-attack has the potential to trigger $53 billion of economic losses, roughly the equivalent to a catastrophic natural disaster like 2012’s Superstorm Sandy, according to a scenario described in new research by Lloyd’s and cyber risk analytics modelling firm Cyence. 17 July 2017
Insurance
The global reinsurance market is facing unfavourable conditions from a wide range of headwinds, according to rating agency Standard & Poor’s. 7 September 2016
Insurance
Rushed changes to the ultimate forward rate (UFR) could risk pushing insurers towards sub-optimal investment strategies, which could unnecessarily impact policyholders’ returns negatively, according to Insurance Europe, the European insurance and reinsurance federation. 18 July 2016
Insurance
Re/insurers are making more capacity available for parametric weather coverage, which is driving prices down, according to Kurt Cripps, managing director at Aon Benfield, who said that the broker has created a panel of more than 15 carriers. 24 October 2016
Insurance
Novae Group, the specialist listed Lloyd’s insurer, has appointed Reeken Patel, formerly of PricewaterhouseCoopers (PwC), as its chief risk officer. 28 April 2014
Insurance
Re/insurer Willis and professional services company Towers Watson have announced shareholders of both companies have approved the proposals necessary to complete the merger of equals transaction. 14 December 2015
Insurance
When she took the reins in January 2014, Lloyd’s CEO Inga Beale became the first woman to head the 330-year old market for specialist insurance in London. She is stepping down while the modernisation process is very much a work in progress – a decision she has called tough – though most market participants credit her with having moved the market forward in a positive direction. 29 June 2018
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