Financial Services – Page 2
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AnalysisUK financial services industry is ‘perfect target’ for cyber attack
Financial services companies vastly overestimate their cyber insurance coverage, report finds
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AnalysisLloyd’s sees more demand for cyber policies amid falling profits
Pre-tax profits drop to £2.1bn in ‘challenging market’ conditions
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AnalysisEU releases tax havens blacklist
The list includes Hong Kong and Brunei in Asia, Monaco, Andorra and Guernsey in Europe and various Caribbean havens
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AnalysisEU launches public consultation on corporate tax transparency
Companies could be required to disclose taxes they pay in every country where they operate
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AnalysisRegulation and macro-economic factors biggest concerns for C-suite executives
Survey also shows only 40% executives believe the financial sector’s ability to manage risk has materially changed for the better in past 12 months
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AnalysisEU and Switzerland sign historic tax transparency agreement
Tax evaders will now be prevented from hiding undeclared income in Swiss accounts
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AnalysisAIG opens trading lounge and adds €10m capacity to London market platforms
Insurer invites brokers to use its new trading lounge, dedicated to international traded and excess lines
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AnalysisFuture of insurance: how the tech- revolution is reshaping the way claims are handled
The insurance industry is undergoing a revolution – technological advancements are transforming how claims are processed, putting an end to labour-intensive systems Part of a property and casualty series supported by
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AnalysisEuropean Parliament agrees mandate for regulation of financial benchmarks
Proposed rules aim to improve the functioning and governance benchmarks used in financial instruments
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AnalysisBrokers face millions in fines if they fail to invest in compliance and audit functions
Moore Stephen’s Tackling Financial Crime whitepaper spells out the dangers to brokers if they do not invest in personnel to mitigate financial crime
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AnalysisWillis makes firm offer to buy remaining 70% of Gras Savoye
Deal is expected to be closed at year-end 2015 as Gras Savoye board welcomes offer
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AnalysisWillis to lose 350 UK jobs as part of global cost-cutting plan
Job losses caused by relocating roles to Ipswich and Mumbai from London
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AnalysisAGCS poaches Aon man to lead North American broker team
Jeffrey Landesmann takes over the insurer’s global broker management division
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AnalysisBrokers’ UK regulatory fees are cut for 2015-16
FSCS reduction may be only temporary as brokers are urged to make provision for future levies
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AnalysisRestructuring aid in favour of Irish bank Permanent TSB approved
The plan sets out the path for PTSB to become viable in the long-term without further state support
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AnalysisThe key business risks of the rising M&A trend in Central and Eastern Europe
As foreign investors look for new investment opportunities, mergers and acquisitions have flourished in CEE. This has clear implications for risk management, compliance and due diligence
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AnalysisThe real worry for the EU economy is not a Greek exit but creeping trade credit risks
When it comes to economic trouble in Europe, currency and trade credit risks leave the current Greek drama in the shade
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AnalysisInternational (re)insurers “must develop niche products and local talent if they are to survive in the MEA market” – Chedid Re
A panel of five reinsurance chief executives outline the future for the market and how (re)insurers can build sustainable business
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AnalysisLloyd’s targets international growth in Dubai and Qatar
Inga Beale, chief executive officer spells out plans to build insurance business in the Gulf Cooperation Council, ahead of launching its specialist underwriting platform in Dubai
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AnalysisXL chief executive Mike McGavick’s top five factors for innovation in insurance
Globalisation and regulation on the list of factors affecting insurance industry by encouraging innovation
