Legal
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The CEO says the Corporation would consider the creation of a platform for young and experimental syndicates.
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The utility has requested permission to continue to pay insurance premiums totalling around $439mn a year.
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The probe mirrors the investigation started by the UK’s FCA in 2017 which was taken over by the European Commission that same year.
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Hayley Spink told a Fitch conference that EEA regulators had signalled flexibility on claims payments as Lloyd’s mammoth Part VII transfer progresses.
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Society of Claims Professionals aims to boost public trust
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The accounting body says the changes should make it easier for insurers to explain the impact of the standard to investors.
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Harrison is a joint venture with UK insurance group Harrison Horncastle.
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Lloyd’s management has joined the long list of absentees from the annual Alpine talking shop at Davos.
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The three-year grace period for servicing run-off books compares with leeway of up to 15 years under the equivalent UK scheme.
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American broker representatives welcome clarification of the new rules.
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David Bruce has been appointed CEO of the new subsidiary.
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Tuesday’s House of Commons vote on Prime Minister Theresa May’s EU withdrawal agreement was both utterly predictable and surprisingly unsettling.
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