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UN targets 1-in-100-year climate stress test
A United Nations (UN) coalition is examining how to extend a climate risk stress test based on the 1-in-100-year solvency stress test to the wider economy by 2020.
25 September 2014
FSA to consider landmark opt-out scheme Orion
The landmark scheme of arrangement for Orion Insurance Company and The London and Overseas Insurance Company Ltd will be sent to the Financial Services Authority for consideration by 31 July, according to its administrators PricewaterhouseCoopers (PwC).
23 July 2012
‘Devil is in the detail’ for London’s ILS plans
George Osborne's plans to aid the development of London as a centre for insurance-linked securities (ILS) business must address specific issues such as the time needed to set up new vehicles, industry experts have said.
Jenny Messenger
,
23 March 2015
News digest
RSA hires Egan; Dual hires Watson; Colombian growth; Flood Re kicks off retro tender; Taxing growth; NZ's EQC rethink; Oklahoma frack fight; Libertad Peru; Moody's reviews CGSC; Unshockable M&A; BP Marsh picks Plum investment; Colosso exits Howden
07 July 2015
AIG broadens cyber coverage to include injury
US insurer American International Group (AIG) yesterday (23 April) said it had expanded its cyber insurance coverage to include physical injury and property damage
24 April 2014
Fry begins CFO role at Novae
Lloyd's (re)insurer Novae has confirmed that incoming CFO Charles Fry has officially taken up his new position.
08 April 2013
Zurich narrows down German legacy med-mal bidders
Zurich has reached the second stage in the disposal of its EUR400mn ($470mn) German legacy medical malpractice book, having selected three run-off carriers to participate in the next round of bids, The Insurance Insider understands.
Catrin Shi
,
01 August 2017
UK finds £140mn extra funding for flood defences
UK Chancellor George Osborne today (19 March) announced £140mn of new funding for repairing and maintaining flood defences as part of the 2014 Budget.
19 March 2014
Sovag to dispose of EUR120mn run-off book
Hamburg-headquartered insurer Schwarzmeer und Ostsee Versicherungsaktiengesellschaft, known as Sovag, is bringing a legacy book holding EUR120mn ($140mn) of gross reserves to market, The Insurance Insider understands.
Catrin Shi
,
25 July 2017
Rise in M&A cases signals new securities focus
The number of federal securities class action lawsuits has continued to climb for the third consecutive year, reaching 191 in 2011, according to PricewaterhouseCoopers' (PwC) latest securities litigation study.
16 April 2012
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