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  • The UK Financial Services Authority (FSA) will extend the Internal Model Approval Process (IMAP) for insurers to calculate their Solvency II capital requirements until the end of 2015, in light of the effective postponement of the 2014 go-live date for the European directive.
  • The London market wrote £45.79bn in gross premium income last year, which was split equally between the company market and Lloyd's
  • Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers
  • The latest delay to the Solvency II implementation date is "costly" for reinsurers, according to the industry's largest company Munich Re
  • Lightyear Capital LLC and other co-investors have confirmed a "substantial investment" in wholesale broker Cooper Gay Swett & Crawford (CGSC), as first revealed by The Insurance Insider earlier this year
  • Overall demand for reinsurance in Germany is likely to increase at the key 1 January renewals, according to Hannover Re
  • Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers
  • PricewaterhouseCoopers has estimated the non-life European run-off market's total size at EUR220bn in 2012, essentially flat on last year's EUR218bn.
  • Bermuda-based insurer OneBeacon has agreed to sell $2.2bn of gross reserves to Armour Group Holdings.
  • The Bank of England and the Financial Services Authority (FSA) have said that the UK's new prudential regulator will emphasise judgement, new risks and the different needs of individual businesses when regulating (re)insurers.