Standard and Poor's (S&P) has lowered Bermuda's credit rating and unsecured debt rating to A+ from AA- following continued "weak economic performance".
Lloyd's has unveiled a five-year plan that aims to spearhead London market modernisation, eliminate inefficiencies and introduce shared central services, The Insurance Insider can reveal.
Regulatory developments at EU level have led to "a complex and confusing legislative architecture" of overlapping legislation, industry lobby group Insurance Europe has said.
Greater subjectivity brought in by the 2015 Insurance Act could force insurers to decide whether to pay a claim more quickly, according to loss adjuster Cunningham Lindsey.
