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EIOPA outlines supervisory expectations for private equity-backed insurers

The European Insurance and Occupational Pensions Authority (EIOPA), the EU body responsible for supporting effective and consistent supervision of insurance and occupational pensions, has issued new guidance on the authorisation and ongoing supervision of re/insurance undertakings with links to private equity. In its supervisory statement, EIOPA sets out areas it believes national supervisory authorities should…

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Pivix expands portfolio with new monoline commercial property programme

Pivix, an excess and surplus lines managing general agent (MGA) and part of Octave Specialty Group, Inc., has launched a new monoline commercial property programme. Designed to expand Pivix’s growing portfolio of specialty products, the new programme focuses on well-maintained commercial properties across a broad range of occupancies, including habitational, office, retail, hotels, healthcare offices,…

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