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A reinsurance scheme backed by both insurers and the UK government should be established to ensure the cost of cyber risk can be underwritten, a think tank has proposed. 30 Jul 2015
Changes to Pool Re, the UK’s government-backed terrorist risk reinsurance scheme, will make it “more reflective of the underlying risk” given the changing nature of terrorist attacks, and will come into force on 1 October it has confirmed. 19 May 2015
Part VII of the 2000 Financial Services and Markets Act (FSMA) sets out the statutory mechanism allowing insurers and reinsurers to transfer portfolios of insurance business from one entity to another, subject to court approval.
This guide is based on UK law. It was last updated on 1st April 2008.
FOCUS: Catastrophe reinsurance is changing, according to a new book that claims to be the first detailed study of the sector. But by distancing reinsurance from the underlying risks, the market could be in danger of repeating the failures of the 1980s and... 14 May 2015
EU countries have called on the European Commission to open talks with the US on agreeing a deal on reinsurance. 23 Apr 2015
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