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IAT shares tax reform bounty with $3,000 bonuses

Tax reform became a cause for sharing today at the IAT Insurance Group, where leaders of the family-owned insurer said they would give out $3,000 bonuses to rank-and-file workers next month.

Ted Bunker, 21 December 2017
New US tax may spur Bermudians to reorganise: Analysts

Tax reforms in a bill headed for President Donald Trump’s desk for signing will largely counter current incentives for using offshore affiliates for reinsurance through low-tax locales like Bermuda, but analysts don’t expect a wholesale migration from the island by (re)insurers.

Ted Bunker, 21 December 2017
Allianz pumps $96.6mn into mobile InsurTech firm Bima

Allianz X has pumped $96.6mn into mobile InsurTech firm Bima, a micro-insurance broker whose operations have reached into at least 14 countries in Africa, Asia, Latin America and the Caribbean

Ted Bunker, 20 December 2017
Tax reform passes but flaws force House revote

Congress passed a sweeping tax overhaul that would drop the corporate income tax rate to a flat 21 percent and fundamentally alter offshore affiliate reinsurance economics.

Ted Bunker, 20 December 2017
UAE merger creates largest takaful insurer

Takaful Emarat has agreed to acquire the takaful unit of Al Hilal Bank to create the largest Islamic insurance group globally by gross written premium.

Catrin Shi, 20 December 2017
Volante Global partners with Vibe MGA Management

Newly launched MGA platform Volante Global and Vibe MGA Management (VibeMM) have entered an incubator partnership agreement.

Catrin Shi, 20 December 2017
Opinion: Navigators' EU route planner

Navigators' plan to buy a Belgian insurance group represents a rare piece of Brexit-related M&A

Laura Board, 20 December 2017
Swiss Re’s Sigma pegs 2017 cat losses at $136bn

Insured losses are likely to more than double year-on-year in 2017 to $136bn, according to Swiss Re's latest Sigma report, making this year one of the costliest ever for catastrophes

John Hewitt Jones, 20 December 2017
PRA gives EEA commercial carriers Brexit branches leeway

The Prudential Regulation Authority (PRA) has delivered a major fillip to London market efforts to preserve existing business arrangements after Brexit with a proposal to supervise European Economic Area (EEA) commercial carriers as branches rather than making them become subsidiaries

Laura Board, 20 December 2017
AG pursues P&I growth with senior hire

Lloyd's specialty broker AG has hired former BMS Harris & Dixon director Paul Cole as it looks to expand its protection and indemnity (P&I) club business

John Hewitt Jones, 20 December 2017

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