Ongoing cost cutting in the mining and metals industry is leading to progressively lower insurable values and greater competition among insurers as the sector softens, according to Willis.
New start-up syndicates are struggling to write sufficient premium to keep pace with their planned stamp capacities, as market conditions continue to worsen.
The Insurance Regulatory and Development Authority (Irda) of India has released draft regulation detailing the approval process for foreign reinsurers looking to open a branch office in the country.
UK-headquartered accountant Moore Stephens is to merge with Chantrey Vellacott DFK to create a top-10 UK accountancy group, the company announced today (10 April)
Loss adjuster Cunningham Lindsey has appointed Mark Thompson as global head of major and complex loss (MCL) and chief executive of Cunningham Lindsey International, the firm said today (10 April)
Record capacity levels have forced average rates in the downstream energy sector down to their lowest levels in 22 years, Willis said in its Natural Resources Market Review, published today (9 April)
