The European Central Bank (ECB)'s quantitative easing (QE) policy is putting additional pressure on insurers, the European Insurance and Occupational Pensions Authority (Eiopa) has said.
The UK government should use the upcoming EU renegotiation and membership referendum to strip out regulatory inefficiencies, Lloyd's chairman John Nelson has said.
Brokers should not underestimate the value of insurers and their ability to accept high levels of risk, said David Dale, active underwriter at Lloyd's liability insurer DL Dale Syndicate 2525.
The systemic risk posed by insurers relying too heavily on a limited number of catastrophe models is similar to the underlying risks that triggered the banking crisis, Tokio Marine Kiln group CEO Charles Franks has said.
There are currently four underperforming syndicates, or "black dots", at Lloyd's, according to Tom Bolt, the Corporation's director of performance management.
International General Insurance (IGI) Holdings has hired three senior underwriters at its UK division in a bid to expand its London operations, the Jordan-based carrier said today (2 June)
