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Lloyd’s has not ruled out direct negotiations with the European Union as it looks to secure access to the European Economic Area (EEA) when the UK leaves the European Union, Inga Beale, chief executive of Lloyd’s, told Monte Carlo Today. 13 September 2016
Insurance
Just as paying kidnappers is widely outlawed, with people understanding that doing so encourages more crime of this nature, bending to the ransom demands of online criminals will also fuel bigger and more prevalent ransomware attacks in the future. 13 September 2016
Insurance
The rapid growth and even bigger ambitions of a number of reinsurers based in emerging markets are starting to change the reinsurance landscape for the better—but the threat of protectionism could stymie this process. 13 September 2016
Insurance
As the use of drones for a variety of purposes in the world grows, insurers will need to work out how best to insure them and where the risk sits, said William Mauro, director of commercial lines at ISO Solutions, a Verisk Analytics business. 13 September 2016
Insurance
Managing agent Asta has finalised a transaction to finance the development of UK-focusing managing general agent (MGA) OverArk. 12 September 2016
News
In contrast to those who believe a soft market is the “new norm” for reinsurance and that the days of a marked cycle are over, Stephen Catlin, the founder of Catlin and now executive deputy chairman of XL Group, believes an overreaction in pricing will eventually occur. 12 September 2016
Insurance
RMS has released Exposure Manager, its new exposure analytics solution designed to enable insurance and reinsurance companies to maximise value from their exposure data. 12 September 2016
Insurance
One of the outcomes of the increased regulatory burden that has been imposed on insurers in recent years, exacerbated by Solvency II, has been the forcing of smaller insurers to consider either converting into agencies, thus avoiding a big part of the burden, or selling out to bigger players. 12 September 2016
News
The industry’s capital continues to grow despite pressure on profits, says Mike Van Slooten, as he unveils the findings of the latest Aon Benfield Aggregate report to Monte Carlo Today. 12 September 2016
Insurance
The recent wave in terrorist attacks in Europe, which included events in Nice, Brussels and Paris, may prompt the insurance industry to innovate and create new products, and governments to redefine the term terrorism. 12 September 2016
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