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Insurance
Re/insurance legacy specialist Compre has received approval from the Maltese Financial Services Authority (MFSA) to establish an insurance company in the Republic of Malta. 3 July 2017
Insurance
Major ransomware worm attacks such as the recent one dubbed ‘WannaCry’ which hit several organisations such as the UK’s health care system NHS and Spain’s telecoms firm Telefonica are expected to become more frequent and expose the protection gap in the global economy, according to experts. 15 May 2017
Insurance
The Lloyd’s Market Association (LMA) and Association of British Insurers (ABI) have called for a major overhaul to the way personal injury discount rate is set, citing the existing framework as "fundamentally flawed". 12 May 2017
Alternative Risk Transfer
The Texas Windstorm Insurance Association (TWIA) has closed a $700 million catastrophe bond hedging its exposure to tropical cyclone risks. 3 June 2015
Insurance
Chaucer, an insurance group underwriting at Lloyd's, has launched a Dublin-based subsidiary to write international specialty re/insurance business, after receiving approval from the Central Bank of Ireland. 21 June 2017
Insurance
Lloyd’s is losing market share in emerging markets including high-growth Asia and may face conflicts with members if it wants to regain business in the region, says Steve Jackson, partner at Rainmaker International, a Brokerslink specialty member. 14 June 2017
Insurance
As India opens its market to international reinsurers, major foreign players are applying for licences to take advantage of the country’s strong growth potential. But they will encounter a fairly soft market with prices likely to depreciate further due to the additional inflow of capacity, and a paramount state-run competitor, experts believe. 13 October 2016
Insurance
Chaucer, the specialist Lloyd’s insurance group, has appointed Dr Gero Michel as head of Chaucer Copenhagen and senior treaty underwriter for Chaucer Syndicate 1084. 9 February 2016
News
Say its name too loud and it might disappear—the onset of a hard market has been whispered about for some 12 months. Even if rates are hardening, is the industry clutching at straws when underlying exposures also seem to be increasing, and with so much capacity waiting in the wings? Intelligent Insurer investigates. 4 September 2019
Insurance
Bermuda-based property/casualty re/insurer Sompo International is acquiring the renewal rights to Novae’s financial institutions (FI) portfolio which had annual gross written premiums in excess of $25 million. 31 May 2017
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