News
Insurance
The UK government is extending the terrorism cover offered by Pool Re to include non-damage business losses resulting from acts of terrorism. 22 March 2018
Insurance
Consolidation and yet more mergers and acquisitions (M&A) in the industry will be the biggest talking point in Baden-Baden this year, closely followed by negotiations over rates and terms and conditions, according to an online survey carried out by Intelligent Insurer ahead of this renewals season. 22 October 2018
Insurance
The Financial Stability Oversight Council (Council) said on Sept. 29 that it has rescinded its determination that material financial distress at American International Group (AIG) could pose a threat to US financial stability and that AIG shall be subject to supervision by the Board of Governors and enhanced prudential standards. 2 October 2017
Insurance
US-based provider of risk management solutions Assurant has appointed Carey Roberts to the role of executive vice president, chief legal officer and corporate secretary. 16 August 2017
Insurance
Insured losses for Hurricane Maria in the Caribbean will be between $40 billion and $85 billion with Puerto Rico accounting for more than 85 percent of the loss, according to catastrophe modelling firm AIR Worldwide. 26 September 2017
Awards
The chief executive officer of Lloyd’s Inga Beale has been selected as this year’s recipient of the APIW Insurance Woman of the Year award. 8 May 2017
Insurance
Credit risk insurance policies are likely to become more expensive and less readily available if regulatory changes proposed by the UK’s Prudential Regulation Authority (PRA) are pursued, according to the International Underwriting Association (IUA). 16 May 2018
Insurance
Motor insurer Admiral included inaccurate premium amounts in renewal documents issued to some customers, breaching new Financial Conduct Authority (FCA) rules. 16 June 2017
Insurance
AXIS Capital delivered a robust set of results in the second quarter with both profits and gross written premiums increasing as the company reaped the rewards of its integration of Novae, which it acquired in 2017, and positive reserve development. 26 July 2018
Insurance
Profits and gross written premiums dipped at Lancashire Holdings in the second quarter of 2018. But the company said it has taken advantage of rate increases and remained positive as its chief executive suggested more wind losses this year could begin to dampen appetites in the market, reducing capacity. 26 July 2018
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