The UK House of Lords has agreed to amend the late payment clause in the UK Enterprise Bill in a move backed by the industry as a positive step for London market competitiveness
Hong Kong's new insurance regulatory body will establish a new oversight regime by 2018, with the organisation funded by a 0.1 percent levy on premiums
Global insured losses from natural catastrophes and man-made events hit $32bn in 2015, just over half the 10-year average of $62bn, according to a report from Swiss Re's Sigma unit
Total insured losses from natural catastrophes and man-made events totalled $32bn in 2015, down 11 percent from $35bn last year and just over half the 10-year average of $62bn, according to research from Swiss Re's Sigma unit.
London market participants are expecting rate reductions of more than 10 percent across some lines in 2016, according to a report from PwC released yesterday (16 December).
