Europe
We provide extensive on Europe's major re/insurers
Rokstone launches Allianz-backed marine cargo facility
London-based facility builds on MGA's existing relationship with Allianz on North American marine business
Tokio Marine launches product recall offering
New offering will be led by Mark Hutton as head of crisis management
PoloWorks launches MGA incubator
New business will provide services to both start-up and established managing general agents
FCA plans to reveal misconduct probes must resolve 'tension', BoE governor urges
Andrew Bailey says conduct regulator must ensure due process but also stop wrongdoing
Artificial intelligence presents complex challenges for the reinsurance industry
A reinsurer’s journey with AI – whether building capabilities in-house or licensing AI systems from a third party – will require careful navigation
Axis Capital leads North American stock gains
Bermuda-based Axis shares up 11.6% as insurance and reinsurance stocks rise but Aon falls 8.1% following NFP deal closure
EU’s AI Act will have global implications
Artificial intelligence legislation likely to become de facto global code of conduct, much like the GDPR data rules
Evolin launches terrorism facility
New facility, which is led by Chaucer, has up to $500m limit per policy for terrorism
Marsh launches policy aimed at EU crypto market
MiCAssure makes crypto asset service providers compliant with new EU regulation
Industry bodies oppose FCA plans to announce start of probes
Regulator insists ‘no presumption of announcement’ but industry fears reputational damage of early naming
Reinsurance rates to remain strong in 2024: Munich Re
German reinsurance giant reports net result up nearly 70% in the first quarter on the back of improved reinsurance results
The FCA's enforcement proposal must balance transparency and proportionality
A simpler and more effective approach than naming and shaming would be for the FCA to increase the pace and focus of its investigations
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