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UK solicitors' regulator proposes lower PI limits

The UK's Solicitors Regulation Authority has proposed reducing the amount of mandatory professional indemnity insurance cover that law firms must buy, arguing that most claims are settled well under the current limit.

Laura Board, 26 March 2018
Greenberg’s Starr loses bid to challenge AIG bailout

Maurice “Hank” Greenberg and his Starr International lost a challenge against the federal government’s actions involving a massive bailout of AIG during the financial crisis, as the US Supreme Court refused to take up the matter.

Ted Bunker, 26 March 2018
AIG hires general insurance marketing chief from MMC

AIG has recruited Ed Dandridge from Marsh & McLennan Companies (MMC) as head of marketing and communications at its general insurance unit.

Bernard Goyder, 26 March 2018
Twice the reinsurers see key ratio over 100%: Fitch

Twenty-six North American P&C (re)insurers reviewed by Fitch saw a calendar-year combined ratio above 100% in 2017, up from 11 companies in 2016, according to a report issued by the ratings firm today.

Laura Sanicola, 26 March 2018
The Insider 50 catches market chill after Trump tariffs

The Insider 50 fell by 3.7 percent last week to 1,130.0 index points, accompanying major market indices lower amid concerns about a trade war between China and the US.

Khilan Shah, 26 March 2018
Opinion: N@ming conventions

Most InsurTech and reinsurance start-ups presumably get underway because they want to break and remould "the system".

Fiona Robertson, 26 March 2018
Zurich has lowest US asbestos reserves out of Europeans

Zurich would only be able to sustain six and a half years of payments related to US asbestos claims at current payout levels, which is weaker than the US market average, according to analysis from Bernstein Research.

Catrin Shi, 26 March 2018
Fidelis posts 86% combined ratio for 2017

Richard Brindle's (re)insurer Fidelis has reported an 86.0 percent combined ratio for 2017, the week after the Corporation disclosed that the metric for the Lloyd's market was 114.0 percent.

Adam McNestrie, 26 March 2018
B3i founders launch start-up

The (re)insurers behind the Blockchain Insurance Industry Initiative (B3i) have incorporated the scheme as a new company ahead of a fundraising drive.

John Hewitt Jones, 26 March 2018
Kilpatrick backs healthcare MGA Equipsme

Russell Kilpatrick, the former Dual executive, has invested in InsurTech healthcare MGA Equipsme, the firm announced today.

Charlie Thomas, 26 March 2018

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