Insurance news

• RSA forced to digest £50mn McVitie's loss

  31-12-2015 13:07
  RSA has notified its reinsurers that it expects a gross loss
  from Storm Desmond of £85mn ($126mn), with the London-listed
  carrier set to be burnt by a £50mn line on a McVitie's
  biscuit factory, The Insurance Insider
  can reveal.
  Sources told this publication that the loss was projected to hit
  the £25mn excess £75mn layer of RSA's cat programme -
  the first layer to absorb UK exposures.
  As such, RSA looks set for a £75mn net loss. The carrier
  has...
  
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• Penny Black's New Year 2016

  31-12-2015 10:30
  
  Stephanie Denton Postonline As the insurance industry rings in the New Year, Penny Black asked commentators how they like to celebrate and what resolutions they will be making for 2016.
  
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• EY predicts busy 2016 for insurers with SII implementation

  31-12-2015 01:10
  
  Katie Marriner Postonline Professional services firm EY has warned insurers and regulators to prepare for a busy 2016 as companies start to embed the Solvency II Directive.
  
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