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Tag Archives: international insurance
Government confirms IR35 extension into private sector
27 February 2020 The government has confirmed it will proceed with the planned extension of off-payroll rules into the private sector from April. The confirmation came in a report from … Find out more…
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Tagged Finance, General Insurance, Insurance, international insurance, IR35, Lloyd's of London, London Market, private sector
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Hancock’s departure is a blow to Lloyd’s
January 2020 Make no mistake, the sudden news that performance management director Jon Hancock is leaving Lloyd’s will send ripples across the London market. He’s the man who stopped the … Find out more…
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Tagged City of London, finance london, finance manager, General Insurance, Insurance, insurance insider, international insurance, Lloyd's, Lloyd's market, Lloyd's of London, london, London Market
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Lloyd’s 2020 stamp capacity grows 6% to £33bn
December 2019 Anticipation of a harder market and the creation of an unrestricted light-touch cohort of syndicates has resulted in an increase in the aggregate Lloyd’s market stamp capacity of … Find out more…
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Tagged 2020, City of London, General Insurance, Insurance, insurance insider, international insurance, Lloyd's, Lloyd's market, Lloyd's of London, stamp capacity
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IASB delays IFRS 17 by one year
November 2018 The standard setter has deferred the effective date for International Financial Reporting Standard (IFRS) 17 – Insurance Contracts – to annual periods beginning on or after 1 January … Find out more…
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Tagged Financial Reporting, IASB, ICAEW, IFRS, IFRS 17, Insurance, International Accounting Standards, international insurance
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Whopping 92% of insurers unprepared for IFRS 17
January 2018 The vast majority of insurance companies worldwide are not prepared for the incoming accounting standard IFRS 17, despite recognising the significant risks it poses to their business Data … Find out more…
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Tagged accounting, Finance, General Insurance, IFRS, IFRS 17, Insurance, Insurance Accountant, international insurance, Software
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P&C sector slides to $20bn US underwriting loss
November 2017 The US property and casualty sector slumped in the first nine months of the year to deliver a $20bn underwriting loss after a trio of hurricanes pushed the … Find out more…
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Tagged casualty, Cat losses, Catastrophe, Claims, General Insurance, hurricanes, Insurance, international insurance, Lloyd's of London, property, Reinsurance, Underwriting
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Lloyd’s applies for Brexit hub licence
October 2017 Lloyd’s has filed an application with the Belgian regulator to form an insurance company that will allow it to continue to write European Economic Area business after Brexit … Find out more…
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Tagged brexit, EU, European Insurance, General Insurance, Insurance, international insurance, Lloyd's, Lloyd's of London, premiums
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EC regulatory reforms to ‘level Solvency II playing field’
September 2017 UK carriers looking to establish EU subsidiaries for Brexit face less room for manoeuvre after the European Commission (EC) issued plans to bolster the bloc’s financial regulators at … Find out more…
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Tagged brexit, capital markets, convergance, EU, European, European Insurance, international insurance, national insurance, Solvency 2, Solvency II
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Irma industry insured loss estimated at $25bn: KCC
September 2017 Hurricane Irma generated about $25bn in insured losses, including $18bn in the US and $7bn in the Caribbean, Karen Clark & Company estimated today. Included in the totals … Find out more…
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Tagged Caribbean, Catastrophe, General Insurance, Hurricane Irma, Insurance, international insurance, National Flood Insurance
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