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London market welcomes UK reinsurance charm offensive

London market bodies have responded positively to UK Chancellor of the Exchequer George Osborne's announcement of a review aimed at ensuring the UK tax and regulatory regime is as competitive as possible for reinsurance.

Mark Geoghegan, 03 December 2014
Pool Re fee hike to add £175mn to UK coffers from 2015/6

The UK Treasury has detailed the fiscal impact of the fivefold increase in fees it will receive from state-backed terrorism mutual Pool Re from 1 January 2015.

Charlie Thomas, 03 December 2014
UK wants regs and tax to be ‘as competitive as possible’ for reinsurance

UK Chancellor of the Exchequer George Osborne has announced a review designed to make the UK tax and regulatory regime as competitive as possible for the London reinsurance market.

Mark Geoghegan, 03 December 2014
45 US lawmakers call for Tria action

More than 40 members of the US House of Representatives have called for swift action to secure a multi-year extension of the Terrorism Risk Insurance Act (Tria).

Jenny Messenger, 03 December 2014
Solvency II guidelines ‘too detailed and restrictive’: Eiopa feedback

Respondents to a public consultation on Solvency II guidelines issued by the European Insurance and Occupational Pensions Authority (Eiopa) have described them as "too detailed and restrictive"

Jenny Messenger, 03 December 2014
ArgoGlobal appoints marine hull underwriter

Lloyd's insurer ArgoGlobal has appointed Davinia Melachrinos as marine hull underwriter, the firm announced today (3 December)

Jenny Messenger, 03 December 2014
Beazley opens Dubai office in Middle East push

Specialist Lloyd's insurer Beazley has opened an office in the Dubai International Financial Centre that will be led by political risks and contingency underwriter Crispin Hodges

Charlie Thomas, 03 December 2014
Suncorp: Brisbane storms eat up half of natural hazards provisions

Australian carrier Suncorp has revealed that the heavy storms which battered Brisbane last week will probably cause it to take a A$250mn hit

Charlie Thomas, 03 December 2014
Citizens slashes exposure by 22% as benign hurricane season ends

Florida's state-backed insurer Citizens has reduced its policy count and exposure by more than a fifth since 1 June as it continues to aggressively downsize and transfer risk back to the private market.

David Bull, 03 December 2014
AFG in $90mn special dividend

American Financial Group (AFG) has become the latest US insurer to demonstrate active capital management with a $90mn special dividend and an increase in its share repurchase authorization.

David Bull, 03 December 2014

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