All News articles – Page 102
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NewsAllianz Global Corporate and Specialty appoints chief underwriting officer for corporate
Allianz Global Corporate and Specialty SE (AGCS), part of the Allianz Group, has appointed Shanil Williams as its new chief underwriting officer for corporate, effective from 1 January 2022 and subject to regulatory approval.
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NewsAon appoints UK chief broking officer for commercial risk from WTW
Broker and professional services firm Aon has appointed former Willis Towers Watson (WTW) staffer Angela James in the newly created role of chief broking officer for commercial risk in the UK, effective from June 2022.
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NewsMiddle East oil giant backs Ardonagh in multibillion valuation
Middle East oil giant Abu Dhabi Investment Authority (ADIA) has backed Ardonagh with fresh investment, giving the firm an enterprise value of $7.5bn (£5.6bn)
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NewsRenewal rules require brokers to re-examine proposition and go ‘back to the future’
The motor market is ‘a perfect storm’ ahead of the FCA’s pricing rules coming into effect – brokers will need to focus on ‘agility’ and ‘be service-related’ if they are to succeed post-January
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NewsLuisa Barile: Bought By Many set to rival Lemonade as it takes on US market and pet health
The insurtech is now live in 28 states in the US and aims to become a nationwide provider for pet insurance and wellness
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NewsSurging M&A leads to record claim notifications - Howden
Surging mergers and acquisitions (M&A) across the globe has led to a rise in claim notifications, according to broking organisation Howden.
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NewsCryptocurrency holds innovation opportunity for insurance industry
Having access to the right insurance product is critical to the “safe and healthy growth” of cryptocurrency - therefore, bridging the gap between financial innovators and the insurance industry is crucial.
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NewsInsurance industry warned ‘Great Resignation’ will test management’s mettle
Brokers and underwriters are locked in a battle to retain and recruit new talent as the insurance industry braces for what has been termed the ‘Great Resignation’.
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NewsSpecialist Risk Group launches new MGA
Specialist Risk Group (SRG) has today (14 December 2021) launched a new MGA, MX Underwriting, fulfilling “a major goal” within SRG’s growth plans.
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NewsAPAC faces heightened geopolitical risk
The Asia Pacific region will probably be the most geopolitically charged region going into 2022, warns Dragonfly
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NewsEurope enters 2022 in weakened political state
A resurgence of anti-establishment sentiment and agitation in Europe is likely, amid uneven national recoveries from the pandemic - Dragonfly
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NewsStorm Arwen costs "tens of millions of euros"
The first windstorm event of the current season, caused disruption across northern parts of the UK - Impact Forecasting
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NewsInsolvencies, ESG and cyber are key risks for D&Os in 2022
Risk managers and their D&O insurers should also closely monitor potential exposures to US derivative actions, warns AGCS
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NewsClaims from deadly tornados to reach $3 billion
The insured loss estimate from KCC includes damage to residential, commercial and industrial properties
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NewsSwiss Re agrees to sell elipsLife to Swiss Life International and to enter into a long-term partnership supported by reinsurance
Swiss Re announced today that it has agreed to sell its life insurance subsidiary Elips Life AG (“elipsLife“) to Swiss Life International and to enter into a long-term reinsurance partnership for elipsLife’s in-force and new business.
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NewsReuters Exclusive: Canada’s CPP Investments seeks to sell insurance groups in strategy U-turn - sources
Canada Pension Plan Investment Board (CPP Investments) is seeking to sell its Wilton Re and Ascot Group insurance platforms, marking a strategic U-turn for the fund in the face of intense competition, people familiar with the matter said on Wednesday.
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NewsOmicron variant hits business sentiment
Half of the respondents report that their business is currently being affected by the supply-chain crisis - Oxford Economics
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NewsInsurers set for ‘bumpy ride’ as GI premiums set to slow in 2022 - EY
Car manufacturers have faced supply chain bottlenecks, which has impacted insurance
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NewsBain Capital’s takeover of LV= off the cards after member vote
The proposed £530m sale of life and pensions business LV= to American private equity firm Bain Capital is now off the cards after mutual members voting in support of the deal fell below the required 75% threshold.
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NewsAllianz boosts D&O offering
The insurer has boosted its D&O offering after legislation and regulation tops business concerns
