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Insurance
The demerger of Insurance giant Prudential has taken effect this morning, with the UK and European parts of the business spun off into a separate company called M&G, which also includes the M&G fund management company that Prudential acquired in 1999.   21 October 2019
APCIA addresses flood protection gap and TRIA
Insurance
The protection gap in the US remains a key issue for the American Property Casualty Insurance Association (APCIA); as such, it is focused on certain risks that are traditionally underinsured, such as flood, as well as securing the best outcomes for structures that help manage certain risks including the Terrorism Risk Insurance Act (TRIA).   21 October 2019
Survey highlights hopes & concerns of APCIA delegates
Insurance
Delegates attending the APCIA conference have their eyes on the horizon, according to a survey carried out for APCIA Today.   21 October 2019
Insurance
AM Best has identified 30 insurers with substantial terrorism exposures and a heavy reliance on the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which is due to expire on December 31, 2020—something the rating agency has described as a significant concern.   21 October 2019
Insurance
As it moves closer to celebrating 100 years in business in 2020, independent reinsurance broker Holborn is investing in the future. The firm’s Peter Beckman explains to APCIA Today how bringing in the best talent will ensure its success.   21 October 2019
Insurance
Small, transactional, commercial lines business in the US will increasingly adopt a direct-to-insurer business model, cutting brokers out of the loop, in the same way personal lines business has evolved.   21 October 2019
Insurance
Most lines of business in Munich Re Syndicate’s portfolio are seeing rates increase and, in some cases, a quite significant increase, according to Dominick Hoare, the syndicate’s group chief underwriting officer.   21 October 2019
Insurance
Arch Mortgage Insurance Company (Arch MI) has obtained $577 million of indemnity reinsurance on a pool representing $7.2 billion of mortgages from Bellemeade Re 2019-4, a special purpose reinsurer. The reinsurance is for a portfolio of MI policies linked to 113,180 loans issued by Arch MI and affiliates in 2019.   21 October 2019
Insurance
AM Best has called on European re/insurers to demonstrate underwriting discipline and a continued improvement in rates and terms in 2020.   21 October 2019
Insurance
As insurers increasingly leverage technology, the role of reinsurers can be to advise and guide as well as to offer financial support and capital, Simon Wigzell of UnipolRe told Baden-Baden Today.   21 October 2019

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