- US Department of the Treasury and the Office of the US Trade Representative announce their intent to sign the Bilateral Agreement between the US and the UK on Prudential Measures Regarding Insurance and Reinsurance (US-UK Covered Agreement)
- Insurance Europe raises serious concerns in its response to a consultation by the European Commission on its draft proposals for the 2018 review of the Solvency II Delegated Regulation
- Insurance Europe seriously concerned by the quick-fix approach taken by the European Supervisory Authorities (ESAs) in their proposals for changes to the Key Information Document (KID) for Packaged Retail Investment and Insurance Products (PRIIPs)
- Commercial insurance prices in the US increased by over 2% in the third quarter of 2018 according to Willis Towers Watson CLIPS survey
- SME attitude to cyber security worrying says Aon after commissioning poll
- Beazley launches cyber and breach response portal that provides exclusive access to a wealth of risk management information and risk mitigation tools to its Beazley Breach Response (BBR) policyholders in the UK, France, Spain and Italy
- Royal London CEO and Chair to stand down expired
- Co-operators selects Guidewire Predictive Analytics for Claims to embed predictive insights into Guidewire ClaimCenter expired
- Willis Towers Watson launches latest version of its innovative Radar software expired
- Coverys to join DTW’s panel of capacity providers as one of its largest backers expired
- Peak Re launches Asia’s first sidecar transaction via a new Bermuda-domiciled special purpose insurer, Lion Rock Re expired
- Ed appoints CEO-designate and is setting up a new broking platform in Bermuda expired
13th June 2018
LIIBA announces latest overseas member from Azerbaijan as interest in London Market widens
The London and International Insurance Brokers’ Association (LIIBA) has announced its latest overseas member based in Azerbaijan.
Zaman Insurance and Reinsurance Brokers LLC from Baku, Azerbaijan joins brokers from Belgium, Cyprus, Greece, Hong Kong and Spain as members of the London-based representative body. All are Lloyd’s brokers placing business into the London Market.
LIIBA’s chief executive Chris Croft comments “LIIBA’s international footprint is growing larger all the time– there are two Is in LIIBA for a reason. It reflects the global nature of the insurance traded in London that makes our market unique.
All these firms have to deal with the Financial Conduct Authority and are also impacted by European legislation. This means that LIIBA’s lobbying efforts and work on regulation are very relevant to them, even though they’re outside the UK. It’s also a testament to LIIBA’s reputation that these international brokers see the value in being part of our organisation; and testament to our international members’ commitment to London that they recognise this value.”
LIIBA Trends(19 articles)