All Insurance articles – Page 30
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NewsVienna Insurance buys Aegon’s Central and Eastern European business
Vienna Insurance Group will buy Dutch insurer Aegon’s Central and Eastern European business for 830 million euros ($993 million), cementing Vienna’s regional lead and raising cash for Aegon to cope with the coronavirus crisis.
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NewsGerman insurers in ‘final stages’ of credit backstop extension talks
German insurers are in the final stages of negotiating a six-month extension to a COVID-19 credit insurance backstop with the German government.
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NewsArch Insurance reveals SME terrorism product to combat evolving risks
Arch Insurance (UK) Limited has unveiled a new terrorism insurance product for the UK regional market, to cater for evolving risks for SMEs
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NewsBrit’s syndicate Ki onboards its first broker trading partners ahead of New Year launch
Ki’s broker partners include Aon, Gallagher and Marsh among many others
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NewsLockdowns expected to bring big drop in claims costs this year, but 2021 predicted to turn negative
Underlying claims inflation, Brexit and the FCA’s new pricing rules could turn underwriting profits red next year, predicts EY
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NewsBriefing: ComparetheMarket’s shameful abuse of power
Competition watchdog’s report into ComparetheMarket offers a damning verdict on a company abusing its power
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NewsArdonagh grows adjusted EBITDA by 14.4% in first nine months of 2020
Group chief executive adds that the broker has a ‘strong trajectory into the final quarter of 2020’
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NewsArgo Group and ACORD Solutions Group partner to enable automated data extraction and processing of insurance documents
ACORD Data Standards are widely used throughout the insurance industry, accounting for half of global gross written premium.
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NewsIndia’s insurance platform Turtlemint raises $30 million
Only a fraction of India’s 1.3 billion people currently have access to insurance. Insurance products had reached less than 3% of the population as of 2017, according to rating agency ICRA.
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NewsRe/insurers recognise the importance of ESG strategies but struggling to implement them: AM Best
A proper understanding and integration of environmental, social and governance (ESG) factors is increasingly critical to the long-term viability of re/insurance companies, according to research by AM Best.
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NewsZurich puts environmental and social goals at heart of impact investment strategy
Zurich becomes first large institutional investor to prioritise the environmental and social goals of its impact investment portfolio
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NewsUK regulators will intervene if full Brexit upends markets, says FCA’s Delfas
Regulators are vigilant and ready to intervene if Britain’s full departure from the European Union on Dec. 31 risks creating disorder in markets, Britain’s financial regulator said on Thursday.
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NewsHard market: “Start renewals early”
Risk managers should start their renewal process early and manage their expectations as the hard market plays out, advises FM Global
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NewsThe Next Phase: North American Insurance (Pandemic Accelerates Change in the Insurance Landscape)
As the “longest year” enters its final weeks, Fitch provides its view of the possible longer term implications of the coronavirus pandemic for the North American insurance industry.
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NewsOne in five cancel insurance amid financial pressure of pandemic – Premium Credit
Rising premiums have seen more customers turn to premium finance
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NewsInsurance shares soar on vaccine hopes
Insurance shares have risen sharply as markets reacted favourably to the announcement from pharmaceutical giant Pfizer that it had developed a Covid-19 vaccine that was 90% successful in trials.
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NewsU.S. Businesses stock up on Insurance Cover over fears of Post-Election chaos
Retailers, pharmacies, liquor stores and other merchants across the United States are gobbling up insurance that protects buildings from damage caused by societal unrest, worried about possible street violence after the U.S. presidential election, insurers and brokers told Reuters.
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NewsQatar Insurance Company (QIC) has seen its gross written premiums grow by 4%
The leading insurer in the Middle East North African (MENA) region announced its financial results for the first nine months of this year, following a meeting presided over by Sheikh Khalid bin Mohamed bin Ali al-Thani, QIC chairman and managing director.
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NewsAM Best awards PCA rating of A to Group Ark Insurance
The PCAs reflect Ark’s consolidated balance sheet strength, which AM Best categorises as very strong, and its adequate operating performance, neutral business profile and appropriate enterprise risk management. The assessment is based on the group’s five-year business plan.
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NewsTesla’s release of new ‘self-driving’ software closely watched by U.S. regulator
The U.S. auto safety regulator said on Thursday it was closely watching Tesla Inc’s release of a software version intended to allow its cars to drive themselves, saying it stood ready to protect the public against safety risks.
