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Insolvent Orion and L&O to be opt-out scheme pioneers
PricewaterhouseCoopers (PwC) is developing a London-based opt-out scheme for insolvent Orion Insurance Company and The London and Overseas Insurance Company Ltd.
21 November 2011
Property cat still the main tail risk: Montross
Property cat remains the single most testing tail risk for (re)insurers despite the emergence of new exposures such as cyber liability, according to General Re CEO Tad Montross.
16 September 2013
Property cat still the main tail risk: Montross
Property cat remains the single most testing tail risk for (re)insurers despite the emergence of new exposures such as cyber liability, according to General Re CEO Tad Montross
10 September 2013
Langley to leave Lloyd’s
Sue Langley, the most senior female executive at Lloyd's, is to leave the Corporation later this year.
29 August 2012
RSA dives after double profit warning
Shares in RSA, the UK's biggest non-life insurer, plummeted on Monday (11 November) after accounting irregularities at the company's Irish operation forced it to issue its second profit warning in a week late on Friday.
11 November 2013
Highlands scheme process enters final stretch
The winding up of the liabilities of insolvent UK insurer Highlands Insurance Company (HUK) will enter its final stage next month, as reinsurance cedants will have the chance to vote on a proposed scheme of arrangement.
25 July 2011
UK to see 21% corporate tax by 2014
UK Chancellor of the Exchequer George Osborne has announced a further one percentage point reduction in the headline rate of corporation tax to 21 percent by April 2014.
06 December 2012
Insurers set to benefit from UK budget changes
UK corporation tax in the UK will be cut by 2 percent this year in a budget that accountancy firm PricewaterhouseCoopers (PwC) has welcomed as good for insurers
23 March 2011
‘Too big to fail’ test could miss risky insurers
The criteria proposed for choosing "too big to fail" insurers do not give an incentive to stop risky behaviour and could let companies engaged in systemically risky activities slip through the net, a leading insurance lobby group and thinktank has warned
08 August 2012
EUR100bn German-speaking run-off market continues to grow
The vast run-off markets in German-speaking countries are set to expand further as more European (re)insurers focus on making efficient use of equity capital, according to a new Swiss study
05 June 2013
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