Legal
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Eiopa’s long-awaited pronouncement on matters Brexit yesterday falls short of erasing all the question marks for the insurance industry.
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Baltic Re will provide coverage for Pool Re’s losses between £500mn and £700mn.
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The bankrupt Johnson & Johnson talc supplier disclosed it has $709mn in liability coverage remaining for talc.
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A 70 percent foreign shareholding ceiling was brought in in 2009 but never enforced.
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Proposed legislation is backed by the California Insurance Commissioner.
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The insurer alleges the grocery wholesaler was obligated to accept its coverage terms under a previously agreed contract.
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The ratings agency predicts strong non-life underwriting results for the current fiscal year, despite hefty catastrophe losses.
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The Indian insurer refiles for a listing after earlier regulatory approval lapsed.
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The reinsurer will become the first scheme of its kind to offer non-damage business interruption cover.
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The Scor chief also tells Les Echos that the Credit Suisse CEO personally intervened to abandon the bank’s advisory mandate for Covea.
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A New York judge denied KBW’s emergency request to stop the shares from being delisted.
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The investor says political worries are reducing new-business approaches.
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