WTW unveils parametric insurance protection & more…Keep up with what has been happening this week in our latest insurance news round-up…

Insurers raise serious concerns about EU tax plans

Insurance Europe has shared its views on the European Commission’s proposal for a ‘Business in Europe: Framework for Income Taxation (BEFIT)’. While the insurance industry supports the goal of harmonising corporate tax rules across the EU, it raises serious reservations about the current draft EU Directive.

WTW unveils parametric insurance protection for endangered South Pacific coral reef system

Broker WTW, has launched a new parametric insurance policy that will help protect the coral reef system of the South Pacific Ocean’s volcano-formed Lau Group of islands, which is regarded as being one of the most vulnerable and isolated places on Earth.

Marsh Specialty makes cyber hire in London

As part of Marsh Specialty’s new global cyber insurance centre, Shannan Fort (pictured) has been appointed as international cyber product leader in London.

UK should ‘shout about the insurance industry a bit more’: Howden boss

One of the City’s leading insurance bosses called on the UK to “shout about” the world leading industry “a bit more.”

Lloyd’s of London investment in Axio to support company growth and benefit the market

Re/insurance marketplace Lloyd’s of London has announced investment in Axio to support further development of insurance solutions within the London insurance market.