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The global cyber insurance market is at a "turning point", an expert has said, because the costs of cyber attacks and security breaches have reached a level that business cannot ignore. 16 Sep 2015
The cost to employers of transferring the liabilities associated with a defined benefit (DB) pension scheme to an insurer could increase by as much as 10% next year once a new regulatory regime comes into force, professional services firm PwC has said. 03 Sep 2015
This guide is based on UK law. It was last updated on 1st April 2008.
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.
A planned e-trading platform for the London insurance market is "on track" to be up and running by the end of the year, with terrorism insurance products scheduled to be its first offering, the chief executive of the Lloyd's Market Association (LMA) has said.... 27 Aug 2015
The new reinsurance scheme that will enable insurers to offer affordable flood insurance to those whose homes are at the highest risk has invited the industry to register for and begin testing its systems. 18 Aug 2015
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