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The Bermuda courts will assess Onex’s lower, revised offer for the fronting unit. -
Reinsurance sources say the pool targets the wrong aspects of Australian cat losses.
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The parliamentary candidate said politicians don't take financial services in the City seriously enough.
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MGAs are looking hard at capacity arrangements for fear of regulatory action.
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The global nature of cyber means a UK ransomware pay license would have "no material impact" locally.
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The long-term issuer credit rating on Fairfax Financial Holdings was revised to BBB+ from BBB.
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Insurers must take their responsibilities seriously.
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The IUA argued the change would change the mutualisation of risk in the market.
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Regulation is one of the driving forces for most small brokers to sell.
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FCA data reveals a worrying drop in new broker authorisations.
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Such reviews within the sector jumped from one in 2022 to 12 in 2023.
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The group said proposals could do “irreparable reputational damage” to innocent parties.
