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Insurance
The insurance industry in the US will see overall benefits from the reduced corporate tax rate as a result of The Tax Cuts and Jobs Act, once it is signed into law; however, partially offsetting the benefits are certain revenue enhancements that will impact life and property/casualty (P/C) companies. 22 December 2017
Insurance
Rating agency AM Best is holding its 2018 outlook for the global reinsurance sector at negative, citing the considerable uncertainty surrounding the level and sustainability of any market improvement. 19 December 2017
Insurance
China’s insurance regulator plans to restrict the business of insurers which have a low rating for asset liability management, Reuters reported Dec. 17 citing Xinhua news agency. 18 December 2017
Insurance
Reinsurers face underwriting challenges in the non-life business in China due to lower demand and higher competition, according to rating agency AM Best. 18 December 2017
Insurance
Rating agency AM Best has revised the Issuer Credit Rating (ICR) Outlook to Stable for Aspen Insurance Holdings and its subsidiaries. 18 December 2017
Insurance
The global property/casualty (P&C) insurance market will see further premium growth in 2018 supported by continued economic expansion while robust capitalization offsets profitability pressure from still-low interest rates and rising claims inflation, according to Moody's. 15 December 2017
News
French reinsurer SCOR has come out relatively unscathed from the record nat cat losses in the third quarter and is expected to be in a good position to take advantage of rising rates in the impacted region. 13 December 2017
Insurance
Western European insurers' rating stability will depend on their ability to preserve capital and earnings, according to an S&P Global Ratings report. 13 December 2017
Insurance
Zurich Insurance Group has entered into an agreement to acquire 100 percent of ANZ’s life insurance businesses, OnePath Life, in Australia for $2.14 billion (AUD 2.85 billion) to become the country’s largest retail life insurer. 12 December 2017
Insurance
RenaissanceRe Holdings and Validus Holdings registered the highest combined ratios in the first nine months of 2017, according to Fitch Ratings. 12 December 2017
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