All News articles – Page 107
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News
Howden sets sail into superyacht market
As the world’s superyacht manufacturers see an increase in orders, broker Howden is to move into the sector the with acquisition of independent superyacht insurance broker Sturge Taylor and Associates (STA Group).
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News
‘There’s no point looking backwards’ at industry’s BI woes says economic secretary
The economic secretary to the Treasury told online delegates that the insurance industry ‘will play a very significant role’ as the UK emerges from the coronavirus lockdown, but that it has to look to the future rather than mull on past grievances
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Bringing more women on board
Suzanne Sangiovese shares her thoughts on women’s risk leadership opportunities on International Women’s Day
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Insurers must cater to emerging cyber risks
A panel of cyber insurance experts discussed potential risks surrounding IoT products and upcoming technologies
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Allianz Risk Consulting names global head
Thierry Portevin will head up the risk consulting team, which is made up of engineers from a wide range of technical and scientific disciplines
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People & Opinion
Farid Chedid appointed as Chairman and Group CEO of Ascoma
The move comes in line with Chedid Capital and ASCOMA’s acquisition deal whereby the former acquired 80% of ASCOMA’s insurance brokerage business in Africa in a deal signed on this day.
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People & Opinion
Third Point Re CEO to be head of runoff at SiriusPoint
The merger is expected to close on or about this Friday, subject to the satisfaction of the closing conditions.
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Bermuda’s excellent insurance run-off reputation grows
Bermuda’s reputation as a place for insurance run-off excellence grew continually in 2020, a leading executive in the Bermuda office of professional services firm PwC has said.
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Start-up Conduit Re ‘off to flying start’
Conduit Re is part of the “class of 2020” group of companies that have been set up in Bermuda to capitalise on rising re/insurance rates.
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New fault investigated ten years on from Christchurch
A decade on, GNS Science experts have embarked on a research project to determine the earthquake risk of a recently discovered fault in the Waikato
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Government’s plan to reverse EU Vnuk law – risky or ‘positive development’ for insurance?
With the UK government planning to scrap the Vnuk law, what does this mean for the insurance industry’s plans to cover micromobility, such as e-scooters? Insurance Times finds out
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Aviva approves €3.2bn sale of its French business
Aviva’s capital and liquidity has been strengthened with an increase in excess capital of around £2.1bn
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Insurance industry braces as Fire Safety Bill debated in parliament
The House of Commons today debates the Fire Safety Bill, identifying key amendments that could affect the insurance sector
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Aviva to exit Turkey
The transaction is expected to complete this year, but is subject to closing conditions and regulatory approval
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WTW and Liberty partner to provide reputation cover
The solution is available globally and initially to clients in the leisure & hospitality, manufacturing, retail and transportation sectors
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ESG drives better financial performance - study
Sustainability initiatives drives better financial performance due to improved risk management and more innovation
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News
Captive formation picks up in Guernsey
The jurisdication expects to see a “significant rise” in 2021 against the backdrop of a hardening commercial insurance market
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Managing risk in a volatile world
Risk leaders must work on strategies and business models to help their firms achieve their objectives in the new environment
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2020 figures highlight resilience of Cayman International Insurance
2020 saw further increases in the number of Cayman reinsurance captive/company formations, a trend that is expected to continue into 2021 and beyond.
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News
Swiss Re reports strong underlying performance in 2020, despite large losses related to COVID-19
Swiss Re reported a Group net loss of USD 878 million for 2020. Excluding USD 3.9 billion of COVID-19-related claims and reserves (pre-tax) for the year, Swiss Re’s net income was USD 2.2 billion, a material increase from USD 727 million in 2019. Based on the Group’s ...