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Reactions from the global insurance market

News analysis, features and opinion

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Latest News by Sector

North America

  • AIG announces new leadership; Wintrob and Cowan to retire

    19 September 2014

    Peter Hancock has unveiled his new leadership team at AIG. Long-serving AIG veteran Jay Wintrob and chief administrative officer Michael Cowan are set to leave the executive team and retire from the company.

  • The US’s potential $100bn catastrophe

    19 September 2014

    Two years after Superstorm Sandy smashed into the East Coast Swiss Re looks at the potential damage that would be caused if a repeat of the 1821 hurricane that struck the east coast happened today.

Casualty/liability

Bermuda

Property-catastrophe

  • The US’s potential $100bn catastrophe

    19 September 2014

    Two years after Superstorm Sandy smashed into the East Coast Swiss Re looks at the potential damage that would be caused if a repeat of the 1821 hurricane that struck the east coast happened today.

  • Injunction sought on Tranquilidade deal

    18 September 2014

    Investors in Espirito Santo Financial Group have applied for an injunction to prevent the sale of Portuguese insurer Tranquilidade to Apollo Global Management

Europe

  • Air France losing up to €15m a day

    18 September 2014

    French airline Air France is losing up to €15m because of an ongoing pilot strike that is causing mass cancellations.

  • ECJ ruling has VAT implications

    18 September 2014

    Europe's Court of Justice (ECJ) has ruled that services supplied between a group's headquarters and its branches could now be subject to value-added tax (VAT), at rates of between 15% and 27%.

Financial management

Lloyd's and London Market

  • Mitsui Sumitomo has 2013 90.9% combined ratio

    18 September 2014

    Mitsui Sumitomo Insurance Group in Lloyd’s reported it’s best ever underwriting result for the financial year of 2013 with gross written premiums of £343.3m.

  • Xchanging names five Netsett pilot partners

    18 September 2014

    Insurance services firm Xchanging has agreed a pilot with five re/insurance industry firms to test its new global accounting and net settlement platform Netsett.

Legal and regulation

  • ECJ ruling has VAT implications

    18 September 2014

    Europe's Court of Justice (ECJ) has ruled that services supplied between a group's headquarters and its branches could now be subject to value-added tax (VAT), at rates of between 15% and 27%.

  • Indictment seeks $101m back from insurance owner

    18 September 2014

    Jeffrey Cohen, the owner of Indemnity Insurance Corp RRG, has been accused of supplying rating agency AM Best and regulators in Delaware and Washington DC with false financial documents.

18 Sept 2014


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