All News Agenda articles – Page 15
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News Agenda
Hurricane Michael: the strongest US landfall since Andrew
Catastrophe risk modellers have been tracking the storm’s behaviour and likely $6-10bn re/insurance losses, as Michael continues its path inland after crossing the Florida Panhandle
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News Agenda
Cincinnati Financial to buy Munich Re-owned Beaufort
The US insurer has agreed a €116m deal to buy Munich Re-owned MSP Underwriting, operating through Beaufort, which underwrites for Lloyd’s Syndicate 318
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News Agenda
September’s nat cats reveal under-insurance – Aon
Tens of billions of dollars in economic losses to hurricane, flood and earthquake disasters highlight the protection gap, according to Aon’s Impact Forecasting
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News Agenda
Guy Carpenter preparing Blue Line facility for 1/1
Reinsurance broker Guy Carpenter is preparing a new London market reinsurance broking facility for facultative business globally, GR can reveal
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News Agenda
Lloyd’s clarifies claims situation after Brexit
A Part VII transfer will see Lloyd’s transfer its existing European Economic Area business to its Brussels company
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News Agenda
Typhoons Trami and Jebi may hurt Japanese insurers’ ratings – S&P
September storms could be a blow to the creditworthiness of Japan’s top three insurers, according to S&P Global Ratings
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News Agenda
Ren Re investor calls for sale
TimesSquare Capital Management wrote an open letter to RenaissanceRe’s board, imploring them to sell the Bermudian reinsurer after the wave of recent re/insurance M&A activity
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News Agenda
Insurtech collaborations winning out against acquisitions - report
Three-in-four insurance executives favour partnering on a solution-as-a-service basis, rather than buying insurtech firms, according to the World Insurtech Report 2018 from Capgemini and Efma
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News Agenda
Growing pains for top tier German reinsurers, says Jefferies
Munich Re is best placed among reinsurers to manage the re/insurance cycle, said the investment firm
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News Agenda
Mangkhut to cause $1-2bn insured losses - AIR
Typhoon Mangkhut closed the casinos in Macau, bringing business interruption costs to the world’s biggest gambling city
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News Agenda
Lloyd’s squeezes profit as Beale exits
Outgoing CEO Inga Beale exits Lloyd’s on a pre-tax profit of $776m for the first half of 2018 and a combined ratio of 95.5%
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News Agenda
MMC buys rival JLT creating biggest reinsurance broker
On paper the deal creates the world’s largest reinsurance broker by combined revenues, and adds to Marsh’s lead as the biggest broker of primary insurance business
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News Agenda
Fickle Florence outfoxed forecasters and cat modellers
Hurricane Florence could cause somewhere between $2.5bn and $5bn of insured losses, according to differing catastrophe modelling estimates, but the storm’s behaviour has proven difficult for models to predict
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News Agenda
Hurricane Florence makes North Carolina landfall
Florence’s centre struck the US east coast at Wrightsville Beach in North Carolina, with winds reaching 90mph (150kph)
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News Agenda
Chaucer sold for $950m to China Re
China Re has bought Lloyd’s insurer Chaucer from US parent The Hanover
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News Agenda
Aon restructuring reflects a changing industry
Silos do not work in today’s re/insurance market, which is why Aon has changed its structure, Eric Andersen tells GR
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News Agenda
Brokers at risk from artificial intelligence – Axa IM
Jerome Beranger says AI will take up many jobs once filled by humans
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News Agenda
Munich Re roundtable: ILS market must respond to cyber demand
A hot topic at the Munich Re roundtable yesterday was the growing cyber reinsurance market and how the industry should confront the challenges it poses
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News Agenda
Top technologies to disrupt the sector – Xceedance
Senior Xceedance leaders told GR which insurtech innovations will have the biggest effect on the industry
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News Agenda
Swiss Re backs ProTucket legacy cell
ProGlobal vow to press ahead with this cell, after an earlier venture in 2016 was delayed