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UK FSCS levies brokers an additional £5mn
General insurance brokers will pay £5mn ($6mn) more in UK Financial Services Compensation Scheme (FSCS) levies than originally forecast, the body announced today
Catrin Shi
,
12 April 2017
PCS puts losses from Turkey violence at $140mn
PCS has released its first industry loss estimate for Turkey, putting property losses from March 2016 clashes between government and opposition forces at TRY510mn ($139mn).
Fiona Robertson
,
12 April 2017
Chubb promotes Samuel to lead Asia power
Chubb has promoted Titus Samuel to Asia power and utilities head, based in Singapore, according to a statement by the P&C giant
Bernard Goyder
,
12 April 2017
Opinion: Energy insurance insanity
Albert Einstein's definition of insanity was doing the same thing over and over again and expecting different results
Charlie Thomas
,
12 April 2017
Perils ups Egon loss estimate to $248mn
Loss data aggregator Perils has increased its loss estimate for Windstorm Egon, which struck parts of France and Germany in January, to EUR234mn ($248mn).
Matthew Neill
,
12 April 2017
CIRC warns of solvency risk in wake of chairman probe
The China Insurance Regulatory Commission indicated it will clamp down on solvency risks in the domestic insurance industry following the graft investigation into chairman Xiang Junbo that begun earlier this week.
Matthew Neill
,
12 April 2017
Aon Benfield highlights uncertainty for reinsurers
A derailed “covered agreement”, substantial US tax reforms and/or the failure to resolve the assignment of benefits crisis in Florida could all disrupt the American reinsurance market, according to a report from Aon Benfield.
Ted Bunker
,
12 April 2017
AmTrust and sister companies dive on FBI probe report
AmTrust and its sister companies lost more than $848mn in market value today after a report said the FBI was involved in an investigation into accounting practices at the big workers’ compensation carrier which has links to Maiden Holdings and National General.
Dan Ascher
,
12 April 2017
Crawford’s Rigby expands international responsibilities
Global loss adjuster Crawford & Company has promoted Kieran Rigby to president of international.
Dan Ascher
,
12 April 2017
AmTrust ‘not aware’ of any FBI investigation
AmTrust has denied any knowledge of an FBI investigation in 2014 into AmTrust's accounting practices following a report which claimed the bureau had targeted its auditor BDO USA.
Matthew Neill
,
11 April 2017
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