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The status will allow the Stephen Catlin-led business to write US reinsurance without posting reinsurance collateral. -
The Department for Financial Services said insurers must also improve disclosure around climate risk.
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The ratings agency said the island would continue to provide a beneficial environment for carriers overall.
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As climate-related floods intensify, homeowners in designated risk areas start to see significant premium hikes in the National Flood Insurance Program.
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The Competition and Markets Authority will investigate whether the deal lessens competition in the UK.
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The National Association of Professional Insurance Agents said members have not received adequate training for the new system.
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The federal government’s reinsurance program for terrorism coverage helped stabilize industry, AM Best said.
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An investigation by Germany’s financial watchdog BaFin is looking across multiple departments of Allianz’s business, according to Reuters.
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The InsurTech’s regulatory competency center will support capacity planning and major ISO changes coming in the next 18-24 months.
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The US Treasury’s Federal Insurance Office is requesting information on climate-related financial risks within the insurance industry.
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The SEC has backed proposals that will require Nasdaq boards to disclose diversity figures to investors.
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The two private equity houses said Friday that they expect the deal to close by the middle of this week.
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