BMA approves Ed Bermuda operation
Global wholesale and specialty broker Ed has received the greenlight from the Bermuda Monetary Authority to begin trading from its new hub in Hamilton, Bermuda.
MMC calls on lawmakers to reauthorize US terrorism backstop
Marsh property terrorism placement and advisory leader Tarique Nageer has testified on Capitol Hill highlighting the importance of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which is due to expire at the end of next year.
5-year NFIP extension clears key House committee
The US House of Representatives financial services committee has passed a measure that would extend the National Flood Insurance Program (NFIP) for five years.
Lawyers pocket 61% of costs in merger-objection lawsuits: Chubb
Chubb has rounded on the growing “cohort of lawyers” who benefit from the surge in securities class action lawsuits by reaping a disproportionate share of settlement dollars, as it called for meaningful reform to fix a “broken system”.
House passes NFIP extension until end of September
The US House of Representatives has passed disaster relief legislation that includes an extension of the National Flood Insurance Program (NFIP) authorisation to September 30, with the bill now heading to President Donald Trump’s desk.
UK government launches review of IPT
The UK’s HM Revenue & Customs (HMRC) has called on the domestic insurance industry to submit evidence determining whether Insurance Premium Tax (IPT) operates “in a fair and efficient way.”