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Insurance sector

Articles on the insurance sector from our leading edge monthly magazine, FS Focus.

Townsend returns to AIG

American International Group has appointed Chris Townsend to the newly created role of chief executive officer of international general insurance.

Treasury urges clarity on Solvency II

A Treasury Committee report on EU insurance regulation has urged the insurance industry and the PRA "to come to an understanding on what aspects of Solvency II can be changed unilaterally while the UK remains an EU member state".

Hurricanes to cost $200bn

Lloyd’s of London CEO, Inga Beale, has warned that the string of storms battering the US and Caribbean this autumn could cost the insurance sector $200bn.

Record rise in insurance premiums

Average motor premiums have gone up by £48 compared to this time last year, hitting a record high of £484 for the second quarter of 2017, according to the Association of British Insurers.

PRA consults on SIMR amendments

Large insurers could be required to have policies in place to promote board diversity under plans put forward by the Prudential Regulation Authority (PRA).

Solving solvency II

From modelling to competition, John Mongelard picks out the highlights of Sam Woods’s insurance supervision update.

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