Reinsurers face tough times in soft market – AM Best

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AM Best’s global financial review of reinsurance notes US taxation and underwriting discipline amongst the major challenges to be faced by reinsurers

Non-US domiciled reinsurers that want to conduct business in the country face uncertainty over US tax legislation and other potential policy initiatives, including legislative proposals for subsidized

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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