The London Market Group has outlined a free trade agreement for the insurance sector to help the industry navigate trade issues during Brexit negotiations.
The past year has been a stormy one for the insurance market – and not just in terms of weather: the discount rate saga and the insurance premium tax hike helped propel motor premiums to stratospheric highs. Industry figures see clearer skies, however,…
Bermuda-based P&C (re)insurer Sompo International is planning to establish a European headquarters in Luxembourg.
Motor premiums could fall in 2018 as an expected change in the Ogden rate could reverse some of the losses faced by insurers, EY said.
This week I attended a briefing on hostage negotiation skills organised by an underwriting association and a wine tasting hosted by a rehabilitation provider.
The government must secure an urgent transition deal for financial services to halt an exodus from the City, a senior peer has warned.
The insurance industry is currently battling with a multitude of uncertainties: Brexit, Ogden, and the impact of technology. Mike Brown, senior partner, and Alistair Kinley, director of policy and government affairs, BLM, spoke to Post about how those…
Ireland’s insurance regulator has raised concerns over contingency planning of the sector in the run-up to Brexit.
Japanese insurer Aioi Nissay Dowa is restructuring its European operations in preparation for Brexit.
There are remaining uncertainties surrounding Brexit contingency plans and how a divorce from the European Union will affect investment into insurtech.
The Prudential Regulation Authority must develop proposals to remove the limitations of Solvency II for the insurance market, MPs have said.
European political instability and financial regulations are pushing demand for trade credit cover, especially from banks that are keen on optimising their capital.
A third of total premium across the whole London company market could be affected as a result of Brexit, a report has warned.
Insurers have been vocal about their feelings about the discount rate but Mark Cliff, executive chairman at Brightside Group, notes this has also affected brokers, who have been at the sharp end of market turmoil.
The UK government has admitted it is aware of the legal challenges posed by a potential loss of passporting rights.
Joe Grogan, CEO of corporate division at Marsh, says the insurance offering for mid-market firms is too disjointed and complex.
The Canadian market offers unique opportunities for UK brokers, explains Servca's managing director Nomaan Jamal.
Industry needs to join government in educating the public on the change to the Ogden discount rate, City Minister Stephen Barclay MP said.
Beazley has underwritten its first policies from its base in Dublin.
Eight out 10 London market brokers remain bullish over the prospect of the capital retaining its global position in the wake of Brexit.
Mapfre Global Risks is working on a UK retail proposition, says Chris Smith, chief regions and markets officer – International.
Almost a year into her role Zurich UK CEO Tulsi Naidu talks to editor Stephanie Denton about the events of the last 12 months and how the insurer is progressing with its transformational programme.
Everest Re has been granted in principle regulatory approval for a Dublin-based subsidiary.
“You can watch Go Jetters if you let me tie your hair” is the type of deal you sometimes need to strike with your toddler if you want to get things done. Of course, you shouldn’t negotiate with mini-terrorists but there is nothing wrong with a win-win…