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Insurance sector

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

AIG expects catastrophic losses

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Insurer American International Group expects to report third quarter pre-tax catastrophe losses of as much as $1.7bn.

IFRS 17 event - What you need to know to improve

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The ICAEW Insurance Network focused on the practicalities of IFRS 17 and what those working on the ground need to know to improve.

Green light for Lloyds Brussels office

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Lloyd’s of London has received licensed approval from the National Bank of Belgium to set up its Brussels office.

Car insurance premiums fall

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Car insurance prices have recorded their first year-on-year fall since 2014, following reforms to whiplash payouts and a review of compensation paid to victims of motor accidents.

Banks increasing insurance offerings

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Banks are increasing the range of insurance product types that they market to customers, according to a study from consultants Finaccord.

Europe backs delay of IDD

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The European Council has backed a proposal to delay the introduction of new laws on the distribution of insurance products until October 1 2018.

AIG to buy reinsurer Validus

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American International Group is set to acquire Validus Holdings for $5.56bn in cash to strengthen its reinsurance business.

Zurich acquires ANZ's life insurance business

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Swiss insurer Zurich has bought ANZ’s life insurance business, OnePath Life, for US$2.1bn, making it number one in the Australian retail life insurance market. Until now, Zurich has held the number five position.

Liberty moves UK insurance company to Luxembourg

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Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has confirmed that it will redomicile its insurance company from the UK to Luxembourg.

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