AXA partners with LIMRA to boost agency channel growth

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The new partnership with global trade association LIMRA will seek to identify the biodata and behavioural profiles of both current and potential members of the Prime programme, to ensure these candidates have the aptitude and enthusiasm for the business. AXA aims to come up with a method to identify the qualities its agents and leaders should look for in new hires, as well as have a science-based method to assess psychological traits that can be predictors of success.

“There are many insurance agents in the market, but not all of them have the skills and expertise that customers deserve,” said

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AXIS boosts capital risk solutions team with new hires

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AXIS Insurance, the specialty insurance segment of AXIS Capital Holdings, has appointed three new senior underwriters to its capital risk solutions (CRS) team, effective immediately.

Jim Parker and Richard Jelf have moved to London from Bermuda and Singapore, respectively, to grow the company’s project finance and aircraft financial portfolios, strengthen existing relationships, and drive business growth.

Both senior underwriters have extensive knowledge of credit risk insurance and the ability to cultivate solid broker relationships, helping AXIS Insurance to quickly expand its credit risk insurance business in London while delivering quality service to clients.

Commenting on their appointment, Michael Silas, the

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Competition watchdog gets probe underway on Willis Re sale

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Arthur J. Gallagher & Co. (AJG) and Willis Towers Watson (WTW) have been notified by the UK’s Competition and Markets Authority (CMA), which is now investigating AJG’s acquisition of WTW’s treaty reinsurance business Willis Re.

As part of the newly launched merger inquiry, CMA is inviting comments from any interested party. Comments can be emailed to principal case officer Liana Sandulescu and case officer Marta Freire until October 19. The competition watchdog, offices of which are closed until further notice, is unable to accept delivery of documents or correspondence by post or courier.

“The CMA is considering whether it is

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Report seeks confirmation that the principles for PFMI apply to stablecoin

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The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) has published, for public consultation, preliminary guidance that confirms and clarifies that stablecoin arrangements should observe international standards for payment, clearing and settlement systems.

Consultation report seeks confirmation that the principles for PFMI apply to stablecoin

The report notes that the payments landscape has undergone rapid transformation in recent years and continues to evolve at pace.

This is happening at the same time as financial innovation offers the prospect of new payment services and greater competition in payments but also potential risks to the

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