Plans for Lloyd's to launch an insurance index in mid-2016 could work in tandem with the push to attract more insurance-linked securities (ILS) business to London, according to International Underwriting Association chairman Malcolm Newman.
A number of rules that had been slated to take effect as part of the UK's Senior Insurance Managers Regime (SIMR) have been delayed until later this year.
Retro manager Markel Catco will record an uplift to its returns in February after the firm released a portion of its side pocket reserves set aside for potential losses from the UK floods and US convective storms.
The US Treasury's Federal Insurance Office (FIO) will submit a report to Congress addressing the overall effectiveness of the Terrorism Risk Insurance Program (Trip).
The UK's Flood Re scheme could be used as a model to help small and medium-sized enterprises (SMEs) obtain affordable flood insurance, according to the flood envoy for Yorkshire Robert Goodwill.
