The US Senate has adjourned for the year without passing the Terrorism Risk Insurance Act (Tria), meaning the $100bn government backstop will expire once its 31 December 2014 deadline passes.
Fairfax Financial has entered into a deal to buy QBE's insurance operations in the Czech Republic, Hungary and Slovakia, the firm announced today (16 December)
Insurance outsourcing firm Capita has made an additional investment in managing agency start-up Pardus to support the development of its new forestry business, the firms said today (16 December)
Insurers are working to ensure their investment strategies are sufficiently transparent before the European Union's Solvency II capital regime is implemented on 1 January 2016.
Martin Wheatley, CEO of the UK's Financial Conduct Authority (FCA), will forgo his £115,000 annual bonus after a bungled media briefing led to millions being wiped off the value of UK life insurers in March 2014.
