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UK government rejects competition ‘primacy’ for PRA

The UK government has ridden to the rescue of the Prudential Regulation Authority by opposing a proposal to put promoting competition at the top of the regulator's "to-do" list.

Laura Board, 16 January 2018
AmTrust’s annus horribilis

2017 is a year the management board at AmTrust will be keen to put behind it.

Charlie Thomas, 16 January 2018
JLT recruits Willis Towers Watson PI broker

Colin Taylor has joined JLT specialty as a partner, covering professional indemnity (PI) insurance and risk management, from Willis Towers Watson.

Bernard Goyder, 16 January 2018
Hiscox contests costs for body parts lawsuits

Bermuda-headquartered insurer Hiscox has brought an action in a US district court in Illinois to avoid paying further legal defence costs for a company alleged to have sold human body parts for profit

John Hewitt Jones, 16 January 2018
Q4 preview: cat claims and casualty loss trends in focus

The P&C (re)insurance industry is set to disclose another set of dented earnings for the final three months of a year blemished by historic levels of catastrophe activity.

Iulia Ciutina, 16 January 2018
Leading ILS managers surpass $60bn asset base

The top 10 insurance-linked securities (ILS) managers grew their assets under management (AuM) to $62bn at January 2018, according to figures from sister publication Trading Risk's latest biannual survey of the sector.

Fiona Robertson, 16 January 2018
Tax rewrite forces change but may miss revenue goals

Revisions in the US tax code designed to improve America's international competitiveness are expected to provide material gains for domestic insurers but may not deliver the revenue boost for the Treasury that lawmakers envisioned.

Ted Bunker, 16 January 2018
(Re)insurers start adjusting to US-Bermuda tax change

Bermuda-based reinsurers that do business with US affiliates began examining their options well before the ink dried last month on a reform bill that took aim at tax arbitrage strategies which have helped make the island an industry hub.

Ted Bunker, 16 January 2018
AIG on the M&A trail under Duperreault

Analysts have estimated AIG has $6bn-$7bn of capital to deploy on M&A deals, as the insurance giant's shift from seller to buyer under the leadership of new CEO Brian Duperreault seems to be in train.

Bernard Goyder, 16 January 2018
Opinion: Still a pioneer

For some, the move to launch Langhorne Re might seem like a stretch even further beyond the competencies of a one-time property cat specialist.

David Bull, 16 January 2018

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