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… least, the regulation of insurance companies by government bodies includes an increasing focus on solvency levels and underfunded insurers will find themselves facing increasing difficulties. A strong…

… free reserves and I am pleased to advise that the reserves have increased from US$78.4m to US$91.3m. Solvency II, the new regulatory regime with which all insurers within the EU will have to comply by 1st…

… board concluded that ITIC is sufficiently well reserved (with an extremely strong financial and solvency position) to be able to weather the current environment.

… of the large number of your insurance brokers, has allowed ITIC to maintain, and develop, a strong solvency position well above any regulatory requirement. We are also quite rightly proud of the 95% of ITIC…

…In late September, an agent for a major shipping line accepted a booking of industrial solvent. On 10 October the vessel arrived at the loadport but did not complete cargo operations until five days later.

… US$260 million across ITIC and its reinsurer, TIMIA. These reserves are well above regulatory solvency requirements, underpinned by sound governance, profitability, and prudent financial management. This…

… of ITIC’s free reserves and concluded they are strong and well above the amount required for ITIC’s solvency purposes. The board therefore decided that, notwithstanding the high inflationary environment and…

… policyholders. The transfer has been approved by the DNB on the basis of, among other things, the solvency ratios of both UKNV and ITIICE. UKNV and ITIICE believe that that Transfer is in the best interests…

… will suffer no aggregation of losses from a single event or from related events that will threaten your solvency… avoid business involving moral risk: no matter what the rate, you can’t write good contracts with…

… by the Board that ITIC is sufficiently well reserved (with an extremely strong financial and solvency position) to be able to weather the current inflationary environment.   This was further…