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Insurance
The ECON committee of the European Parliament has called on the European Commission to delay the implementation of the Insurance Distribution Directive (IDD). 18 October 2017
Insurance
Insurance brokerage and risk management firm Arthur J Gallagher has hired mining specialist Stuart Hill as a director to strengthen its global mining and property capabilities. 18 October 2017
Insurance
Starr Companies is introducing commercial primary auto coverages in all provinces and territories in Canada. 18 October 2017
Insurance
While reinsurers are no longer obliged to have a branch or subsidiary on the other side of the Atlantic to be able to operate there after the implementation of the EU-US Covered Agreement, they are likely to keep the local units, according to ratings agency AM Best. 18 October 2017
Insurance
Most US cedants increasingly see using collateralised capacity as a mainstream option complementing their traditional reinsurance programmes—but education is still needed to help demystify the process for some carriers. 17 October 2017
Insurance
Aon Securities has published its annual ILS report: Alternative Capital Breaks New Boundaries. Paul Schultz, its chief executive, tells PCI Today about the key developments during what has been a record year for ILS. 17 October 2017
Insurance
While the industry is well capitalised and market sentiment mostly positive, there is still evidence of economic and market-based headwinds that will challenge profitable growth, according to a study by Guy Carpenter. 17 October 2017
Insurance
Re/insurer XL Group is to acquire a 20 percent stake in India’s Mahindra Insurance Brokers (MIBL), according to an Oct. 16 press release. 17 October 2017
Insurance
The 15 large wildfires active across California have so far resulted in a death toll of more than 40 while burning more than 217,000 acres and destroying an estimated 5,700 structures, catastrophe modelling firm AIR Worldwide said on Oct. 16. 17 October 2017
Insurance
Aviva said on Oct. 17 that it has completed a £600 million bulk annuity deal for the pension plan of learning company The Pearson. 17 October 2017
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