News
Alternative Risk Transfer
The benign natural catastrophe environment has been just one factor driving difficulties for the re/insurance industry. These pressures were among the topics discussed by senior executives at a roundtable held in Hamilton, Bermuda, hosted by Xuber, a CSC company. 22 September 2016
Insurance
In a speech at the General Insurance Research Organisation conference in Dublin, David Rule, Bank of England executive director of insurance supervision since July, said that the Prudential Regulation Authority (PRA) is concerned that general insurance firms may not be adequately managing their exposures. 21 September 2016
Insurance
Zurich Insurance Group has made a series of appointments as it plans to combine its corporate and commercial businesses into a single commercial insurance unit. 21 September 2016
Insurance
Global Risk Partners (GRP), an investment vehicle operating in specialty insurance markets, has acquired commercial and personal insurance broker SLK General Insurance Services, based in Cambridgeshire. 21 September 2016
Insurance
Unmanned aircraft systems (UAS) have the potential to become a multi-billion dollar business delivering problem-solving technologies across numerous industries, however, their use also brings safety concerns such as risk of collision, a terrorist attack or cyber incident, according to a report from Allianz Global Corporate & Specialty. 20 September 2016
Insurance
American International Group is to sell its interest in Ascot Underwriting Holdings and related syndicate-funding subsidiary Ascot Corporate Name to the Canada Pension Plan Investment Board (CPPIB), which invests the assets of the Canada Pension Plan. 19 September 2016
Insurance
Reinsurance prices are set to remain under pressure in the upcoming renewals season and reinsurers should be willing to shed business if it’s unlikely to deliver targeted returns, Juan Beer, global head of group reinsurance at Zurich, told Intelligent Insurer. 16 September 2016
Insurance
Willis Towers Watson has appointed Andrew Boal as regional head of Australasia, following the departure of chairman and CEO Tony Barber, who has now moved to JLT. 16 September 2016
Insurance
A UK inquiry into Solvency II (S2) and the impact of post-Brexit change is likely to look closely at capital requirements for annuities and at potential risks for reinsurers if future UK rules are not considered equivalent to S2, Fitch Ratings has said. 15 September 2016
Insurance
The European Parliament has voted to object to the regulatory technical standards (RTS) for the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation. 15 September 2016
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