International
A British EU Exit Could Kill 34,000 London Jobs, IUA Warns
A British exit from the European Union would cause grave damage to the London market and the loss of thousands of jobs, according to a position paper from the International Underwriting Association ...
Eastern Canadian Province Slaps 15% Sales Tax on Insurance Policies
The eastern Canadian province of Newfoundland and Labrador is imposing a new 15 percent retail sales tax on home, auto and business insurance policies. Effective July 1, 2016, all new or renewing ...
U.S., Other Business Groups Say China’s Cyber Rules for Insurers Go Too Far
Controversial cyber security regulations for China's insurance industry, now before the World Trade Organization (WTO), could soon take effect despite efforts by foreign business groups to persuade ...
U.S., EU Talks on Covered Agreement Continuing
Trade representatives for the United States and the European Union, who met May 24 and 25 to negotiate a bilateral covered agreement on regulations for insurers and reinsurers, on Friday issued a ...
Aspen, Zurich and Markel Announce Political Risk Hires
Aspen Insurance, Zurich and Markel Corp. have been filling the ranks of their Surety, Credit & Political Risk units. Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., has ...
Environmental Watchdog Says Canada Must Do More to Mitigate Climate Disasters
The Canadian government needs to do more to mitigate climate disasters such as floods and wildfires, a top green watchdog said on Tuesday as the Alberta town of Fort McMurray struggled to recover ...
France’s AXA Unloads SunLife Arm, Reveals New Management Team
AXA SA sold its SunLife unit in the U.K. to Phoenix Group Holdings and announced the top-management team that will work with incoming Chief Executive Officer Thomas Buberl when he takes the helm in ...
In China, Mutual Insurance Companies Are Slow to Start
China's attempt to spur the launch of mutual insurance companies has gotten off to a very slow start. Approximately 18 months after issuing regulations intended to spur growth of mutual insurers, ...