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International

Japanese insurers riding out typhoons

21 October 2019

Typhoons Hagibis and Faxai, which lashed Japan this month and last respectively, are not expected to have a material impact on the capitalisation of the country’s three major insurers, according to AM Best...

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PPI tops UK complaints list ahead of compensation deadline

21 October 2019

Payment protection insurance made up almost half of all complaints for regulated firms in the UK in the first half as consumers scrambled to meet a deadline for compensation...

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Axis Capital quits coal, oil sands

21 October 2019

Specialty lines insurer Axis Capital will stop underwriting and investing in businesses involved with the coal and oil sands-related industries in January...

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UK must avoid becoming EU "rule-taker" after Brexit: ABI

21 October 2019

Once it achieves a Brexit deal the UK will need to build a constructive future relationship with the European Union that gives it adequate decision-making power, The Association of British Insurers says...

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Insurance costs to escalate again for Gulf region vessels

21 October 2019

Damage sustained by an Iranian oil tanker in October will drive insurers to further raise War Risk insurance rates for vessels operating in the Gulf region, adding to a tenfold increase since attacks on tankers in May, according to UK legal firm DWF...

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Terror backstop loss would ripple across US economy: Marsh chief

21 October 2019

Failure to replace the US government backstop on terrorism insurance would adversely affect workers’ compensation policies and potentially ripple across the US economy, says John Doyle, President and CEO at Marsh...

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