All News articles – Page 116
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NewsWTW - Global InsurTech investment reaches all-time high of US$2.55 billion in Q1 2021
The number of mega-rounds reached eight, more than any other three-month period, according to the new Quarterly InsurTech Briefing from Willis Towers Watson.
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SCOR Global P&C Q1 GWP up 5.6% combined ratio 97.1%
In Q1 2021, SCOR’s financial results have been impacted by the unique combination of known and modelled Covid-19 claims development and a series of large natural catastrophes, driven by a polar vortex causing Texas Winter Storm Uri.
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NewsReuters: EXCLUSIVE - Aon's $30 bln Willis deal set to win EU approval - sources
Insurance broker Aon is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson without having to offer more concessions, people familiar with the matter said.
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NewsUAE and UK set to sign multibillion-pound clean energy and tech investment deals
Britain’s Office for Investments, an agency set up this year to promote and channel investments into the UK, expects to get more clarity on the size and scope of potential deals and how they will be structured by the end of June.
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NewsExtinction Rebellion dumps fake coal at Lloyd’s in fossil fuel protest
The action marks the first protest for coalition Insurance Rebellion, which is targeting Lloyd’s
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NewsMike Bruce: Successful M&A ‘comes down to the quality of the businesses and why you are buying them’
Acquisition strategies need ‘a much more thoughtful model’ than ‘let’s buy everything that moves’ says chief executive
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NewsAon-WTW merger comes down to divestment deals
Smaller brokers may be able to pick up bargains as Aon and WTW look to dispose operations to get merger green light
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NewsLessons from the Super League fiasco
The backlash against the Super League is a “perfect example” of how to destroy trust and reputation in the blink of an eye - BCI
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NewsD&O market is ‘absolutely brutal’ and ‘in a world of pain’ as a result of hard market
Directors’ and officers’ (D&O) insurance is heavily exposed to the current hard market, with industry commentators describing conditions for this line of business as “absolutely brutal” and “in a world of pain” due to “capacity constriction”.
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NewsQIC Group net profit jumps 210% to QR205mn in Q1
Mena region’s leading insurer Qatar Insurance Company (QIC) reported robust results with a net profit of QR205mn for the first quarter of 2021 compared to a loss of QR186mn in Q1, 2020.
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NewsChubb Q1 P&C net premiums up 9.7% combined ratio 91.8%
Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited, commented: “Chubb had another very good quarter with excellent commercial premium revenue growth globally, double-digit renewal rate change in our commercial P&C businesses, and further expansion of our underwriting margins.
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NewsMarsh Q1 Risk & Insurance revenue up 8% Guy Carpenter up 7%
Dan Glaser, President and CEO, said: “Marsh McLennan had an outstanding first quarter. We delivered strong growth in underlying revenue and adjusted earnings, and generated meaningful adjusted operating margin expansion in both Risk & Insurance Services and Consulting. Our total revenue grew 9%, with underlying revenue growth of 6%. Adjusted ...
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NewsTo protect businesses from pandemic risk, governments need to be ‘insurers of last resort’: new Geneva Association report
Coverage for pandemic business continuity risks with meaningful limits will therefore remain unavailable from the private insurance market due to prohibitively high capital requirements.
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People & OpinionAxis Re hires Lisa Hancock
In her new role, she will underwrite Lloyd’s Casualty treaty business, with responsibilities to support existing partnerships as well as assessing growth opportunities.
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NewsEverest Re estimates catastrophe losses of $260m
Bermudian-based Everest said it is estimating pre-tax net catastrophe losses for the first quarter of $213 million in its reinsurance segment, and $47 million in its insurance segment for a total of $260 million.
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People & OpinionDAC Beachcroft continues international insurance drive with leading D&O partner hire in Madrid
International law firm DAC Beachcroft is pleased to announce that one of Spain’s leading insurance litigators, Pablo Guillén, has been appointed as a partner in the firm’s Global Insurance practice in Madrid.
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Fairfax Asia will not raise 35.35 cents cash offer for Singapore Reinsurance
Singapore Reinsurance on Tuesday (April 20) said offeror Fairfax Asia does not intend to increase its 35.35 cents offer price “under any circumstances whatsoever”.
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NewsCyber: Critical industries bombarded during pandemic
As firms scaled-up cloud computing during lockdown, they did not always scale up their security processes at the same rate
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NewsWarehouse risks in an age of e-commerce
How a surge in demand for warehouse storage may leave firms exposed to facilities which rely on sub-standard levels of risk protection
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NewsBrexit: Over 440 financial firms have relocated
Study finds over £900 billion in bank assets and £100 billion in insurance funds have been moved from the UK to the EU
