All regulation articles
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NewsPanic spreads despite emergency takeover of Credit Suisse
UBS seeks to “preserve the value left in the business while limiting downside exposure”
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NewsHSBC buys UK arm of stricken Silicon Valley Bank
Deal rescues a key lender for technology start-ups in the UK and helps curb fallout from the biggest bank collapse since 2008
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NewsOpportunity for Solvency II reform is ‘significant’ – Amanda Blanc
Aviva plans to ‘invest more into UK infrastructure’, says group chief executive
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NewsLMA ‘sharply focused’ on supporting market’s transformation
Will lend its expertise to issues around systemic cyber, climate litigation, renewable energy and international wordings
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NewsCalifornia floods highlight need for “robust private market” - AM Best
Many homes covered by the NFIP would benefit from an excess policy above the NFIP coverage limit
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NewsFlorida reforms will offer relief to ‘dire situation’ - AM Best
New laws include the elimination of AoB. But reinsurance and ILS capacity will remain limited for some time
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NewsPool Re welcomes new duty of care law
Locations with a capacity of 800 or over will require a risk assessment and implementation of a security plan
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NewsBMA introduces ‘targeted enhancements’ to regulatory regime
Revisions will bolster Bermuda’s international reputation and financial stability, says industry body
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NewsLime Syndicate Management gets green light from Lloyd’s
Headed up by former Barbican boss David Reeves, it will offer new clients a legacy-free ‘plug and play’ solution
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NewsChina insurance outlook revised on easing of lockdown rules
AM Best has revised its market segment outlook on the China non-life insurance industry to stable from negative
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NewsHong Kong unveils risk and insurance roadmap
Markets in the Mainland and Hong Kong will be brought closer to transform the SAR into a ’global risk management and insurance hub’
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NewsBeazley Smart Tracker gains full syndicate status
Will Roscoe, who has managed the Smart Tracker since 2019, has been appointed its active underwriter
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NewsFidelis receives approval for private-equity backed MGU
The Fidelis MGU will be led by chairman and CEO Richard Brindle, and Fidelis Insurance Group will be led by CEO Dan Burrows
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NewsAriel Re granted approval for Lloyd’s managing agent
Ariel Re Managing Agency (ARMA) will be headed up by Darren Lednor
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NewsLloyd’s receives approval for standalone cyber syndicate
Chief of markets Tiernan confirms initial approval as market seeks ’sensible growth in a pragmatic way’
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NewsEiopa urges scrutiny of systemic risk exclusions
Carriers should pay particular attention to traditional war and terrorism exclusions that may cause ambiguity
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NewsUK regulations have ‘suffocated’ London’s competitive edge
The news comes as Prime Minister Liz Truss is set to announce sweeping reforms to the financial services industry
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NewsLiz Truss moots FCA and PRA merger
The frontrunner to be next UK prime minister has pledged a shake up of the City of London regulators
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NewsMapfre Re gets the green light for China subsidiary
The new business, which has initial operating capital of €72.5m, will be led by Ignacio Rodríguez Arteche
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NewsChris Killourhy to take the helm at QBE Re
He replaces interim MD Peter Wilkins, who took over following Steve Postlewhite’s departure earlier this year
