The word from Swiss Re as they add to their reserves; Swiss Re announced today the strengthening of its P&C Re reserves in the third quarter, following a comprehensive review. Consistent with the decision to […]
The Bank of England, via the Prudential Regulation Authority, has sent a letter to insurers, after stress tesing was carried out in 2022. Generally, the marks are pretty high, although the PRA notes that cyber […]
The Board of Directors of MAPFRE RE has agreed to raise the company’s capital by the amount of 250 million euros. The purpose of this transaction is to reinforce MAPFRE RE’s balance sheet so it […]
The latest from the ABI; The insurance and long-term savings industry has today submitted its response to the Government’s consultation on Solvency II, the insurance and long-term savings industry’s prudential regulatory regime, setting out how […]
The latest from TASS; Foreign insurers from member-states of the World Trade Organization (WTO) will be able to create branches and run the insurance business in Russia. The relevant law came into force yesterday. According […]
South African insurance GWP is set to decline in 2020 as businesses shut up shop, and the country’s faltering economy will struggle to cope, according to GlobalData, a leading data and analytics company. GlobalData’s revised […]
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