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Join the U.S. Reinsurance Under 40s Group on April 1 for “Preserving Liquid Assets” Lecture and Wine Tasting at the offices of Edwards Angell Palmer & Dodge in New York.  The event will include an engaging lecture by Katja Zigerlig, AVP, Fine Art, Wine & Jewelry Insurance of Chartis Private Client Group, and a tasting of Spanish red wines. …
Read More RESCHEDULED: Re Under 40s Next Event — “Preserving Liquid Assets” Lecture and Wine Tasting Now on April 1

As a first step in the European Commission’s delayed review of the Insurance Mediation Directive (the Directive) the Commission has written to the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) requesting technical advice on revisions to the Directive to improve its functioning. 

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Read More EU: European Commission Starts Review of the Insurance Mediation Directive Including Conflicts of Interest and Transparency

Healthcare negotiations steadily moved forward last week, as details emerged on a potential timeline for completing action on a final bill in the coming weeks.  Despite optimistic endgame statements from Democratic leaders on both sides of the Capitol, legislative language remained in the final stages of negotiations by the week’s end, as leaders continued to count votes and await final cost estimates. 

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Read More Last Week in DC: The Healthcare Reform Debate – March 15, 2010

Even if the insured losses from the Chile earthquake fall in the mid-range of current estimates of between US$ 2 billion and US$ 8 billion, it will outpace Hurricane Wilma as the most expensive insured event in Latin America’s history, according to a release by reinsurance broker Cooper Gay. 

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Read More Latin America’s Most Expensive Insured Event Ever? Compliance and Coverage Issues Begin to Emerge as Reinsurers Continue to Estimate Impact of Chile Earthquake

Chan Kin-por, legislator representing the insurance sector in Hong Kong’s Legislative Council, recently told the South China Morning Post that many customers and insurance agents have urged him to seek a regulatory change to help the launch of  yuan-denominated policies as many people believe that the yuan will appreciate in value over the next few decades and yuan life insurance policies may bring policyholders 20% to 50% growth in terms of investment returns and valuation gains. 

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Read More HK: Rising Demand for Yuan Policies