All News articles – Page 109
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NewsOman Insurance Company receives “in principle” approval for first Lloyd’s SIAB in the GCC
Andrew Woodward, regional head of Lloyd’s Dubai said: “We have enjoyed working closely with the OIC team to deliver this exceptional result and we are proud to have the first SIAB in this region.”
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NewsWillis Re launches flood model for MENA region
Currently, the model covers Morocco, the United Arab Emirates, and the Kingdom of Saudi Arabia, with further releases for Oman, Qatar, and Egypt in the third and fourth quarters of 2021.
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NewsBMS Re launches operations in Brazil
BMS Re has announced the establishment of BMS Brasil Corretora de Resseguros Ltda (“BMS Re Brazil”), headquartered in Sao Paulo.
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NewsSpecial report: Climate change
Growing climate extremes are increasing our exposure to secondary perils
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People & OpinionRSA names Jones Risk Consulting director
Andy Jones started his career as an engineer in the steel industry, before transitioning to risk consulting
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NewsFormer bosses at Munich Re Digital and Bupa back insurtech’s £1.5m raise
Insurtech Anansi Technology has secured £1.5m seed funding led by Octopus Ventures.
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NewsKPMG warns of ‘uneven playing field’ ahead of regulator’s product governance rules
Global network for professional firms, KPMG has warned that there could be an “uneven playing field” in insurance ahead of the introduction of the FCA’s product governance rules on 1 October.
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NewsTelematics insurtech teams up with ex-Aviva boss Wilson
Telematics insurtech, Ticker has partnered with Mark Wilson’s insurtech, Abacai to enhance its pricing model.
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NewsAbandoned cargo presents growing risk
Supply chain congestion and widespread delays in the international container trade is set to continue - TT Club
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NewsAXA XL appoints head of climate
Andy MacFarlane takes on the newly-created role of head of climate at the global insurer
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NewsInsurers brace for claims as CO2 shortage hits meat, beer and fizzy drinks supply chain
Insurers could be bracing for claims due to the soaring price of carbon dioxide (CO2) that has subsequently impacts the production and supply chain for meat, beer and fizzy drinks.
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NewsLondon Market Group confirms permanent chief executive
The board of market-wide trade body the London Market Group (LMG) has confirmed Caroline Wagstaff as its permanent chief executive.
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NewsInsurance and construction industry must join forces to combat evolving risks – Marsh
The construction and insurance industry must work together to ensure changing risk profiles are managed appropriately, according to Marsh’s latest report.
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NewsBloomberg: Allianz SE working to offload a large block of U.S. life portfolio
Allianz SE is working to offload a large block of U.S. life insurance policies in a move that could free up several billion dollars in capital, people with knowledge of the matter said. Europe’s largest insurer is discussing a potential reinsurance deal for a portfolio with tens of billions ...
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NewsBeazley appoints industry veteran as Chief Underwriting Officer
Beazley has appointed Bob Quane as its new CUO
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NewsPanic buying risks return to UK
A lack of HGV drivers and increase in wholesale global gas prices is a concern for businesses and energy suppliers
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NewsJBA and Reinsurance Solutions join forces to support African insurers for flood risk management
Nikki Pilgrim, Technical Director at JBA, explains: “The launch last year of our global flood modelling capability, driven by JBA’s FLY Technology, was a breakthrough opportunity that has allowed JBA and our clients to fill geographic gaps in traditional modelling.
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NewsTwo-thirds of Lloyd’s of London capacity now available on Tremor
More specifically, 33 Lloyd’s Syndicates representing more than 70% of Lloyd’’s Managing Agents have entered into agreements to offer coverage directly on the Tremor marketplace, representing over $33 billion of capacity.
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NewsBest’s Market Segment Report: Realistic Optimism in the Current Reinsurance Market
Offering market observations are two of the reinsurance industry’s leaders—Kathleen Reardon, chief executive officer of Hiscox Re & ILS; and Juan Andrade, chief executive officer of Everest Re Group
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NewsEU plans 120 billion euro economic boost by easing insurance rules
Britain, which is home to the world’s biggest commercial insurance market and left the EU last December, has also begun reviewing the capital rules - Solvency II. It will scrutinise how changes by Brussels could affect London’s competitiveness.
