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The implementation of the new accounting standard IFRS 17 may cost between £1bn – £2bn in the UK, said Nic Nicandrou, chief financial officer of Prudential. 1 June 2017
Insurance
Motor liability is unlikely to disappear with the emergence of self-driving cars because the critical decisions will remain the responsibility of the driver, UnipolRe CEO Marc Sordoni told Intelligent Insurer. 18 May 2017
Insurance
The Cayman Islands Monetary Authority (CIMA) has named Ruwan Jayasekera as head of its insurance supervision division, effective July 14. 20 July 2016
Insurance
Underwriting agency Hispania Global Underwriting, part of Hispania Group, partnered with PartnerRe Wholesale, the specialist SME-focused division of PartnerRe, to target the Spanish market, with underwriting authority extended to Italy and Portugal. 11 November 2015
Insurance
MGA owners perform better if their interests are aligned with those of their carriers. Citadel Risk Services has developed a unique way of achieving this, as Mike Palmer of Citadel explained to Baden-Baden Today. 22 October 2018
News
Capita Insurance Services announces the appointment of Sue Perry as risk manager in its Managing General Agent (MGA) investment business. 15 May 2013
Insurance
Capital dedicated to reinsurance continued to grow in 2017 despite catastrophe losses, according to Guy Carpenter research. 18 January 2018
Insurance
A downward trend in US commercial property/casualty rates has continued into the third quarter of 2016, according to a market survey from The Council of Insurance Agents & Brokers (CIAB). 1 November 2016
Insurance
ProTucket Insurance Company has been launched in the US for providing run-off portfolio transfer solutions, the first of its kind in the US, according to the company. 29 March 2017
Insurance
An increasingly marked separation is emerging between the way insurers are buying reinsurance to support specific lines of business and manage their P&L, and the reinsurance they are purchasing for capital management reasons, Eric Paire, head of Global Partners & Strategic Advisory EMEA, Guy Carpenter, told Monte Carlo Today. 11 September 2016
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