Regulation
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The move follows the brokers’ submission of a remedies package last week to allay competition concerns.
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Hiscox entities have paid out 67 claims in full, the regulator’s data shows, and have accepted 6,351.
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Both parties continue to look determined to take the steps needed to get the deal to the line.
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Senator Jeff Brandes and local insurance law experts tell this publication that the state’s insurance market will be hugely vulnerable without reform.
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The move follows Willis’ explorations of sales of Willis Re and European units.
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The Competition and Consumer Commission of Singapore launches a public consultation over the proposed merger deal.
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The regulator raps the UK division for failure to disclose insurance giant’s holdings in Powergrid and Munich Re.
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Private-public partnerships can provide first-step survival financing if not a full solution for all companies.
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The regulator extends its deadline from September after industry lobbying.
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The CEO seeks to check the life sector’s hopes of a significant lowering of capital requirements.
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Reinsurance is one of the areas of the combination that is drawing heightened regulatory scrutiny.
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The changes come as a positive rate outlook drives (re)insurance company valuations.
