All News articles – Page 118
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NewsCyclone destroys homes, cuts power to 31,500 on Australia’s west coast
Officials said around 70% of the structures in the coastal town of Kalbarri, about 500 kilometres (310 miles) north of state capital Perth, had sustained damage when the category three storm made landfall late on Sunday.
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NewsAon offers concessions seeking EU nod on $30 billion Willis bid
Aon has offered concessions to gain EU antitrust approval for its $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on Monday.
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NewsEnergy sector undergoes rapid transformation
WTW report highlights the importance of using risk quantifications and analytics to conduct energy transition initiatives
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NewsUnpicking the Greensill collapse
Did fintech superstardom enable the Greensill collapse and fallout and could it all have been prevented?
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NewsDigital disruption tops banks' emerging risks
Untimely adoption may drive sudden changes to information security, change management, business continuity and third-party risk exposures
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NewsSuez backlog presents further disruption
Brexit, the pandemic and recent Suez Canal blockage have brought into question lean manufacturing philosophies
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NewsWillis Re: 7% growth in global reinsurance capital, with signs of underlying combined ratio improvement
Total capital dedicated to the global reinsurance industry measured USD 658 billion at year-end 2020 reflecting 7% year-on-year growth. The rise was driven primarily by strong investment market appreciation.
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NewsLabuan anticipates strong captive growth
Captive formation set to increase further in 2021 fuelled by the hardening commercial insurance market and renewed economic growth
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NewsSwiss watchdog asked Credit Suisse on Greensill risks - SonntagsZeitung
Switzerland’s second-biggest bank has been reeling from its exposure to the collapse first of Greensill Capital and then Archegos Capital Management within the course of one month.
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People & OpinionDietrich to lead Hiscox Europe
Specialist global insurer Hiscox has appointed Robert Dietrich as the new CEO of Hiscox Europe. Dietrich takes up the role immediately, succeeding Stephane Flaquet who was appointed to the new role of Chief Transformation Officer earlier this year.
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NewsWatford Announces Purchase of Axeria IARD
Watford has completed the purchase of Axeria IARD (“Axeria”), a property and casualty insurance company based in France. Watford has acquired 100% of the capital stock of Axeria IARD from the APRIL Group.
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NewsUnderwriting room could remain Lloyd’s focal point, but its role needs redefining – LIIBA
Lloyd’s of London’s underwriting room could remain a key focal point post pandemic, but its role needs redefining according to the London and International Insurance Brokers Association (LIIBA).
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People & OpinionAXA XL appoints Sundeep Khera Head of Marine, UK and Lloyd’s market and Global Head of Hull
Mr. Khera is currently Head of Marine, Asia-Pacific, at AXA XL, based in Singapore. In his new roles, he will be responsible for driving strategic, profitable expansion across the UK & Lloyd’s region and the division’s Global Hull books of business.
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NewsClimate change is the ‘biggest single investment opportunity’ for sector – Lloyd’s John Neal
Climate change is not a threat - instead it is the “biggest single investment opportunity” for the insurance sector in this lifetime, according to Lloyd’s of London’s chief executive John Neal.
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NewsClass of 2020-21 start-ups propel Abir to record membership
Conduit Reinsurance, Canopius Reinsurance and Mosaic Insurance are the newest members of Abir, expanding the organisation’s membership to 29, the highest total in its 28-year history.
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NewsVarney Re launches in Bermuda
The Bermudian-based reinsurer has been launched by Varney Insurance Agency, a family-run business based in Maine that serves clients and retail brokers across North America, including Puerto Rico to Canada.
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NewsAs Tesla takes the plunge, wary insurers watch crypto craze from the sidelines
If Elon Musk’s Tesla wanted to insure all of its recent $1.5 billion bitcoin investment against the myriad of pitfalls it could encounter, like hacks, theft and fraud, it would be out of luck.
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NewsU.S. rolls out first update to flood insurance pricing in 50 years
The agency said that, over the coming year, it will phase in a price-setting method that marks an epochal shift in the National Flood Insurance Program (NFIP), which was set up in 1968 to cover property in flood-prone areas.
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NewsWhat does the UK’s economic rollercoaster means for the property market – Tokio Marine HCC
After what has been a year like no other for the property market, many insurers, brokers and clients will be questioning what challenges the year ahead will bring, Tokio Marine HCC’s underwriting manager Marc Brewer reviews the latest government initiatives and the being risks faced, read more in Insurance Times’s ...
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NewsFailing to prepare for emerging risks has led to ‘resilience death’ – Marsh
Business models pre-coronavirus were too focused on efficiency and growth, leading to a “resilience death” when companies were then faced with new and emerging risks, such as Covid-19
