All Insurance articles – Page 18
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NewsEffects of climate change evident in H1 cat events
The record-high temperatures in many parts of Europe is expected to drive further losses caused by droughts and wildfires
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NewsH1 nat cat losses reach $65 billion - Munich Re
The US led the loss tally with almost half of overall economic losses in the first six months of 2022, and nearly two thirds of insurance losses
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NewsLloyd’s has ‘duty’ to insure Ukraine grain shipments
Chief executive John Neal said Lloyd’s was “the first cab off the rank” when it came to providing insurance coverage
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NewsSCOR reveals net loss of €239m in H1
Reinsurer reveals it is pulling back from agriculture after taking a €193m hit from droughts in Brazil
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NewsAXIS continues exit from property reinsurance in Q2
Reorganisation expenses related to the company’s exit from property reinsurance business were $16m
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NewsAIG welcomes back Fry as EVP, reinsurance buying
Charlie Fry rejoins from Acacia Holdings and assumes responsibility for AIG’s reinsurance purchasing strategy
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NewsUkraine fall-out and new ransomware tactics elevate cyber risks
The maritime sector and satellite infrastructure are sectors most likely to be targeted by cyber criminals
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NewsHowden Re expands presence in Germany
Guy Carpenter’s Carsten Thienel will head up the new operations as part of a concerted push in the DACH region
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NewsSCSs drive $39 billion in 1H nat cat claims
Claims were 18% higher than the 21st century average, with Severe Convective Storms accounting for over half of losses
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NewsCyber: Banning ransoms is a ‘blunt policy instrument’
A ban could encourage ransomware attackers to engage in new, more malicious forms of extortion, warns Geneva Association
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NewsRussian gas cut-off would be uninsured - Fitch
Businesses suffering losses in such a scenario may be able to claim under political risk policies, but it would not be straightforward
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NewsSwiss Re hires chief commercial officer, Reinsurance Solutions
Paul Latarche joins Swiss Re from Verisk where he currently leads the international sales team
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NewsAXA XL expands US cyber team
Rachel Rossini becomes product manager for Cyber and Technology E&O, and Vern Suckerman becomes US head of Complex Accounts
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NewsBHSI opens shop in Switzerland
Leander Metzger has been appointed country manager for the new office in Zurich
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NewsEuropean wildfires rise 75% YOY
As wildfires have only recently been considered a material peril, the modelling is not as developed, finds Chaucer
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NewsUS MGA market hits $70 billion
Growth in 2021 was well in excess of the robust growth achieved in the P&C market as a whole, finds Conning
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NewsHowden launches dedicated capital markets business
Mary O’Connor will lead the new unit, joining from KPMG where she was acting CEO
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NewsRe/insurers brace for cryptocrash impact
Insurers are likely to review or amend policy wordings to ensure they are not indirectly insuring losses
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NewsInsurers must deploy capital ‘confidently’ to tackle cyber crunch
Demand for cyber insurance has increased - but so has the price
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NewsCovéa finalises purchase of PartnerRe from Exor
Thierry Derez, chief executive of Covéa Group, will replace Brian Dowd as chairman of PartnerRe’s board of directors
