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The PRA, FCA and Society of Lloyd’s have agreed to the changes. -
The challenge now is balancing top-line growth with underwriting discipline amid falling rates.
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The new chair said the market must adapt for 2030 and beyond.
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The FCA is reviewing how it can simplify regulation for commercial insurers.
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The measure could have landed insurers with extra tax on US business.
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The ruling comes as insurers face growing legal pressures following the January blazes.
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There are now 14 new companies writing homeowners’ policies in the state.
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Green hushing is on the rise as Trump rows back on climate initiatives.
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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The event was co-hosted by The Fidelis Partnership and IDA Ireland.
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The £3.7bn deal was announced in December.
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CEO Caroline Wagstaff called for a “tailored and proportionate” approach to regulation.
