All News articles – Page 104
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NewsSpoof ads rife for insurers and brokers despite Google crack down
The FCA seeks to resolve ’the root cause’ of fraudulent adverts, however the government’s Online Safety Bill needs to be broadened if it is to play an important role here
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NewsNew broker-centric MGA Hoxton Insurance Services hits high net worth sector
A new MGA called Hoxton Insurance Services, which trades exclusively with brokers, has been launched by MGA specialist NuVenture International Ltd.
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NewsUK government launches event cancellation scheme
Several syndicates in the Lloyd’s market, including Arch, Beazley, Dale Underwriting, Hiscox and Munich Re, are supporting the initiative
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NewsRansomware payments surge by 82%
Latest Unit 42 figures confirm the ransomware crisis continues to intensify, with the rise of quadruple extortion
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NewsAIG tightens cyber insurance limits as premiums climb
AIG is tightening the terms of its cyber insurance after its premium prices for this line of business were up by nearly 40% globally in quarter two of 2021.
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NewsIrish insurer expects Covid BI claim payments to hit €183m
Irish insurer FBD has cranked up its estimated cost for paying out Covid-linked business interruption (BI) claims from €150m (£127m) to €183m (£154m), according to the Irish Examiner.
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NewsMore insurtech M&A deals to be had – Willis Re
There has been an upward swing towards insurtech M&A as the Covid-19 pandemic has accelerated the move to digital - however, Willis Re’s global head of insurtech Andrew Johnston predicts more mergers are yet to come.
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NewsLloyd’s Lab reveals seventh cohort with cryptocurrency focus
Lloyd’s Lab has revealed its seventh cohort today (6 August), 11 insurtech startups will be joining the innovation accelerator programme.
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NewsInsurance industry backs government’s live event reinsurance scheme in partnership with Lloyd’s
The insurance industry has backed the UK government’s move to boost the live events sector with a £750m reinsurance scheme following Covid-19 lockdown restrictions lifting.
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NewsAllianz Holdings GWP dips across all business areas in 2021’s H1
Insurer Allianz Holdings has reported a decline in gross written premium (GWP) across all areas of its business for the first half of 2021, due to the continuing impact of the Covid-19 pandemic, competitive market conditions and portfolio run-offs.
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NewsRSA reports loss for first half of 2021
Insurer RSA has recorded a £269m loss after tax for the first half of 2021 across its continuing operations in the UK, Ireland, Europe and the Middle East, as reported within its half year financial results published yesterday (4 August 2021).
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NewsBank of England confirms stress test to examine insurers’ cyber and climate risk resilience
The Bank of England declared yesterday (4 August 2021) that it will be stress testing the resilience of insurers against cyber attacks on policyholders and payouts for climate change induced natural disasters.
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People & OpinionHowden Group appoints former Axa XL leader as non-exec director
International insurance group Howden Group Holdings has appointed former Axa XL client and country senior leader Kelly Lyles as an independent non-executive director to the board, effective immediately.
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NewsEd announces integration of Ki’s algorithmic underwriting with TradEd
TradEd’s data capturing capabilities puts Ed in the ideal position of being able to take full advantage of Ki’s digital and algorithmically-driven platform
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NewsReinsurer takes minority stake in specialty MGA
The company recently announced a strategy of targeting high quality specialty MGAs in the United States.
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NewsWillis Towers mulls sale of reinsurance unit after halting merger
Insurance broker Willis Towers Watson PLC said on Tuesday it is weighing strategic alternatives for its reinsurance unit, Willis Re, days after a planned sale to rival Arthur J. Gallagher fell through.
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NewsAxa’s ‘P&C profitability bounced back’ in 2021’s H1
Group chief executive is ‘confident about the future’ of subsidiary Axa XL, which has been a key driver of financial success in the first half of the year
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NewsD&O market ready to “move on” from COVID
A softening of the pricing curve is being observed, but the outlook remains uncertain for UK D&Os - Gallagher
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NewsCOVID continues to fuel political unrest - Aon
Extremists and activists from across the spectrum are evolving their narratives, finds 2021 Risk Map
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NewsZurich considers AI-related emerging risks
Liabilities could arise from the unintended consequences of decisions made by algorithms and artificial intelligence
