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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
Australia’s IAG has entered into three agreements to quota share a combined 12.5 percent of its consolidated business from Jan. 1, 2018. 8 December 2017
Insurance
Re/insurers face a race against time to assess their potential exposures to the so-called Panama Papers, the high profile data breach at Panama law firm Mossack Fonseca, which has resulted in numerous high profile individuals being accused of tax avoidance, a legal adviser to the industry has warned. 14 April 2016
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Tom Bolt, director of performance management at Lloyd’s, has called for insurers operating in the market to invest in considering how to cover some of the world’s emerging and more difficult risks. 22 October 2013
Insurance
Hurricane Irma could possibly be a market-changing event, depending on its path and the level of damage it causes, according to Fitch Ratings. 11 September 2017
Insurance
Swiss Re sees growth opportunities for the insurance industry in emerging markets if it can help reduce the protection gap in conjunction with governments. 11 September 2017
Insurance
The German motor market requires some rate adjustments while overall primary players in the country may have significant cost-cutting potential, Frank Reichelt, market executive Germany & Nordics at Swiss Re, told Baden-Baden Today. 25 October 2017
Insurance
Run-off specialist DARAG has seen a significant increase in opportunities in 2017, as was foreseen in the last couple of years, Eleni Iacovides, group chief client officer, told Baden-Baden Today. 25 October 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
The ‘counterfactual analysis of historical events’—scenarios that could have happened but have not—is an important tool not only for the assessment of uncertainty and disaster preparedness, but also for catastrophe insurance risk management, such as the estimation of the probable maximum loss. 10 September 2017
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