Archive for the ‘Insurance and Reinsurance’ Category

IUA identifies London Insurance Market priorities for 2018

IUA identifies London Insurance Market priorities for 2018
Dave Matcham Regulatory developments dominate priorities identified for the London company insurance market in 2018 by the International Underwriting Association. Whilst preparations for Brexit will continue to attract a great deal of attention, the year will also see firms adapting to several other...
January 17th, 2018 | Associations, Insurance and Reinsurance, IUA, Marine Insurance | Read More

IUA media comment on post-Brexit regulation of insurers

IUA media comment on post-Brexit regulation of insurers
Dave Matcham Please see below an IUA comment on today’s PRA, FCA and HM Treasury announcements relating to authorisations and permissions for insurers post-Brexit. Dave Matcham, chief executive of the International Underwriting Association welcomed news of the UK regulator’s intention to accommodate...
December 20th, 2017 | Associations, Insurance and Reinsurance, IUA, Marine Insurance | Read More

HFW Insurance Bulletin 20 Dec 2017

HFW Insurance Bulletin 20 Dec 2017
INSURANCE BULLETIN December 2017 Edition 3 In this week’s Bulletin: 1. COURT CASES AND ARBITRATION Brazil: Brazilian Superior Court ruling on Petrobras arbitration dispute...
December 20th, 2017 | Communication, Insurance and Reinsurance, Marine Insurance | Read More

HFW Insurance Bulletin 01 Dec 2017

HFW Insurance Bulletin 01 Dec 2017
Costas Frangeskides In this week’s Bulletin: 1. REGULATION AND LEGISLATION US: Flood Insurance market set for overhaul 2. COURT CASES AND ARBITRATION England & Wales: A reminder of the importance of the Arbitration Act rules of service Spain: The Prestige: Spanish Court holds London Club...
December 1st, 2017 | Communication, Insurance and Reinsurance, Legal, News | Read More

Insurer MS Amlin honours Marguerite Horner…

Insurer MS Amlin honours Marguerite Horner…
Marguerite Horner. Insurer MS Amlin honours Marguerite Horner for poignant painting of migrants’ church By James Brewer After surviving an arduous journey across North Africa and the Mediterranean and overland in France, only to be forced to bivouac on waste ground outside the port of Calais, a group...
November 25th, 2017 | Art and auctions, Charity, Exhibitions, Insight, Insurance and Reinsurance, Marine Insurance, Paintings and Sculpture, People and Places, Photography | Read More

IUA issues Good Practice Guide for Delegated Authorities

IUA issues Good Practice Guide for Delegated Authorities
Dave Matcham A guide to good practice for delegated authority arrangements in the London company market has been published by the International Underwriting Association. The document urges firms to keep customer impacts uppermost in mind when outsourcing particular functions. It highlights the need for...
November 17th, 2017 | Insurance and Reinsurance, IUA, Marine Insurance | Read More

Grammenos’ Cass 4th Athens Triennial Meeting…

Grammenos’ Cass 4th Athens Triennial Meeting…
Anthony Papadimitriou at the podium; to his right the panel Picture by iris D. Liaskonis …is as you read these lines enfolding at the Onassis Cultural Centre (STEGI) in Athens, Greece and continues tomorrow with nearly 1,000 registrations… The Grammenos Brigade as we call it! Iris Liaskonis is...
November 10th, 2017 | Academia, Associations, Breaking News, Conferences, Seminars, Forums, Energy, Environment, HR, Insurance and Reinsurance, Markets, Military, Statistics, Stock Markets, Trade and Commerce | Read More

HFW Insurance Bulletin Nov 2017

HFW Insurance Bulletin Nov 2017
In this week’s Bulletin: 1. Regulation and Legislation UK and Europe: Insurance Distribution Directive – delayed until October 2018? Hong Kong: Insurance Authority promotes Fintech/Insurtech...
November 3rd, 2017 | Insurance and Reinsurance, Legal, Reports | Read More

Startups join Bermuda Innovation & InsurTech

Startups join Bermuda Innovation & InsurTech
          ABOUT    GR  |             AGENDA   Bermuda Innovation & Insurtech   November 6, 2017 Rosewood Bermuda | St George’s, Bermuda 20 STARTUPS TO ATTEND Following InsurTech Connect held in Las Vegas on October...
October 23rd, 2017 | Associations, Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Marine Insurance | Read More

Early Dry and Wet Market blues…

Early Dry and Wet Market blues…
John Faraclas Did I hear you say shipping business intuition, eh??? The BDI (Baltic Dry Index) despite a steady upwards …“spree” ended the day with four points down at 1,578, which on the other hand is 91 points plus since last week’s closing (1,487). The wets were both down. The Geopolitics...
October 20th, 2017 | Associations, Books, Charity, European Union, Events, Food and Drink, Insurance and Reinsurance, IUA, Marine Insurance, Markets, News, Person Profiles, Politics and Government, Press and Media, Reports, Shipping Centers, Shipping Indices, Statistics, Stock Markets | Read More

London companies record £22.7bn premium income

London companies record £22.7bn premium income
Dave Matcham IUA research identifies business likely to be impacted by Brexit rule changes Overall premium income for the London company market in 2016 was £22.725bn, a new report by the International Underwriting Association has revealed. Gross premium written in London totalled £16.034bn, while a...
October 20th, 2017 | Insurance and Reinsurance, IUA, Marine Insurance, Reports | Read More

IUA member survey reveals business priorities for London company market

IUA member survey reveals business priorities for London company market
Dave Matcham The top three challenges facing London market companies are the soft market, Brexit and regulatory compliance, according to a survey of International Underwriting Association members. In an online questionnaire, members also cited the IT/cyber revolution, the challenge of innovating new...
September 28th, 2017 | Associations, Insurance and Reinsurance, IUA, Trade and Commerce | Read More

IUA media comment on EU-US covered agreement

IUA media comment on EU-US covered agreement
Dave Matcham Dave Matcham, chief executive of the International Underwriting Association, said: “The EU-US covered agreement offers a number of business advantages to both sides and I am pleased to see its signing today after several months of review and many years of formulation. I am looking forward...
September 23rd, 2017 | Insurance and Reinsurance | Read More

Conference highlights Bermuda’s key industry role

Conference highlights Bermuda’s key industry role
Premier David Burt officially opened the conference – Photo credit: Keimon Lawrence Hamilton, Bermuda, September 14, 2017: The Bermuda insurance market’s leading role in global risk innovation, including helping communities rebuild after disasters, was highlighted at this week’s...
September 14th, 2017 | Associations, Events, Conferences,Forums and Symposiums, Insurance and Reinsurance | Read More

IUA comment on discount rate reform

IUA comment on discount rate reform
Dave Matcham Please find below a comment from the International Underwriting Association on the Lord Chancellor’s proposals for reform of the way in which personal injury compensation is calculated. Dave Matcham, chief executive of the International Underwriting Association, welcomed the reform proposal....
September 7th, 2017 | Insurance and Reinsurance, IUA | Read More

New webcasts highlight Bermuda’s global healthcare-liability sector

New webcasts highlight Bermuda’s global healthcare-liability sector
Hamilton, Bermuda, September 6, 2017- A series of five webcasts produced by the Bermuda Business Development Agency (BDA) highlights the Bermuda insurance market’s world-class talent and major capacity to cover rising global healthcare industry risks. Five webcasts produced by the BDA highlights...
September 6th, 2017 | Insurance and Reinsurance | Read More

Bermuda to host two major new insurance events

Bermuda to host two major new insurance events
Jereme Ramsay Hamilton, Bermuda, July 30, 2017 – Two major new insurance-industry events highlighting innovation in the Bermuda market are headed to the island this fall, the Bermuda Business Development Agency (BDA) announced today. The BDA has worked with two London-based organisations to...
July 30th, 2017 | Associations, Events, Conferences,Forums and Symposiums, Insurance and Reinsurance | Read More

BDA CEO meets with new Economic Development Minister

BDA CEO meets with new Economic Development Minister
Minister of Economic Development & Tourism Jamahl Simmons (left) speaks with BDA CEO Ross Webber BDA CEO meets with new Economic Development Minister, affirms positive partnership, “Bermuda open for business” Hamilton, Bermuda, July 27, 2017 – Following a meeting with the Minister...
July 28th, 2017 | Art and auctions, Associations, Banking, Charity, Clubs, Cruise Industry, Environment, Events, Events, Conferences,Forums and Symposiums, Exhibitions, Finance, Holidays, Insurance and Reinsurance, Maritime History and Museums, Maritime Tourism, Oceanology, Politics and Government, Shipfinance, Tourism | Read More

Energy Underwriting: the value of process safety leading indicators

Energy Underwriting: the value of process safety leading indicators
Steven Braithwaite. Energy Underwriting: the value of process safety leading indicators By Steven Braithwaite* Major loss events are a serious and growing concern within the energy industry. Incidents such as Macondo (the explosion and fire in April 2010 on the Deepwater Horizon semi-submersible) and...
July 20th, 2017 | Energy, Environment, Insurance and Reinsurance, News, Oil Platforms and Rigs, Pollution | Read More

TT Club’s Specialised Cover for China-Europe Rail Link

TT Club’s Specialised Cover for China-Europe Rail Link
Phillip Emmanouel Leading international freight transport insurer, TT Club is ensuring that its Members utilising the burgeoning Asia-Europe rail corridor for container traffic are adequately protected regarding liability exposures. London, Hong Kong & Shanghai, 29 June 2017 Chinese Government investment...
June 29th, 2017 | Associations, Insurance and Reinsurance, Marine Insurance, News, P and I Clubs, Rail, Trade and Commerce | Read More

HFW Insurance Bulletin 23 June 2017

HFW Insurance Bulletin 23 June 2017
In this week’s Bulletin: 1. Regulation and legislation UK: PRA publishes boardroom diversity proposals – but do they go far enough? EU: EIOPA publishes MoU with World Bank 2. Court cases and...
June 23rd, 2017 | Insurance and Reinsurance, Legal | Read More

Publication of EU Contract Continuation Clause

Publication of EU Contract Continuation Clause
Chris Jones The Aviation Insurance Clauses Group (AICG) has published a new model EU contract continuation clause (reference AVN 121). The AICG was established in June 2005 by the International Underwriting Association of London and the Lloyd’s Market Association.  It publishes non-binding standard...
June 19th, 2017 | Airline Industry, Aviation, Insurance and Reinsurance, IUA | Read More

HFW Insurance Bulletin 16 June 2017

HFW Insurance Bulletin 16 June 2017
In this week’s Bulletin: 1. Court cases and arbitration England and Wales: Beware exemption clauses England and Wales: Claimant sued “driverless” car England and Wales: Importance of complying...
June 16th, 2017 | Insurance and Reinsurance, Legal, Marine Insurance | Read More

SRA announces executive committee line-up for 2017/18

SRA announces executive committee line-up for 2017/18
Marc Haushofer Monday, 12 June 2017 – The Singapore Reinsurers’ Association (SRA) has announced the line-up of its Executive Committee (EXCO) for the 2017/2018 term of office with Mr Marc Haushofer, Chief Executive Officer, Asia Pacific & Executive Vice President of Validus Reinsurance Company,...
June 12th, 2017 | Associations, Insurance and Reinsurance, IUA, Marine Insurance, Person Profiles | Read More

HFW Insurance Bulletin 9 June 2017

HFW Insurance Bulletin 9 June 2017
Rebecca Huggins In this week’s Bulletin: 1. Regulation and legislation Europe: Proposal to merge European insurance and banking supervisory authorities causes controversy Europe/UK: Don’t expect concessions – EU insurance policy mirrors tough political stance on Brexit 2. Court cases...
June 9th, 2017 | Insurance and Reinsurance, Legal, Marine Insurance | Read More