All News articles – Page 131
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NewsReuters: EU system needed for dealing with failing insurers, EU official says
A new mechanism for shutting failing insurers smoothly could help maintain trust in the sector as part of a review of capital rules that is unlikely to come into effect before 2025, European Commission officials said on Tuesday.
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NewsReuters: Brexit won’t mean lower capital buffers for insurers, says Bank of England
A review of the UK’s insurance capital rules will not lead to any “radical departure” or a reduction in requirements, but it will take time to complete, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain’s exit from the European Union has prompted the government to review insurance ...
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NewsG-20 firms prepare for future crises
Seventy-five percent of organisations must adapt to survive “seismic shifts” in the market, finds resilience study
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NewsTop women in insurtech weigh in on diversity and inclusion debate
Insurance Times speaks to some of the top women in insurtech in honour of International Women’s Day this month, spotlighting individual contributions to the sector as well as unpicking the value of having a diverse workforce
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NewsMGAs set to explore new ways to access capacity
In the hunt for capacity, some MGAs are turning to financial centres such as Guernsey and Gibraltar, adds Robus Risk Services
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NewsGoogle hires new managing director of insurance for North America
Former Deloitte partner, who has previously specialised in insurtech, joins Google - industry voices describe this as ’a very smart move’
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NewsArch Insurance International launches transport and logistics arm
The new division will be headed up by Argo Group’s former international head of marine and energy
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NewsPing An has successfully expanded into the Tech Sector
As of November 2020, Ping An owned the 9th most machine learning and artificial intelligence active patents equating to more than 3000 patents.
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NewsCOVID/Brexit dominate UK business risks
Climate change ranked as the number 13 risk faced by UK firms, with just 11% identifying it and extreme weather as one of their top five concerns
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NewsGoogle offers cloud cyber risk protection
Google Cloud partners with Munich Re and Allianz Global Corporate & Specialty to provide cloud specific cyber insurance
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NewsHybrid working model is a ‘huge opportunity’ post-pandemic – Direct Line Group’s Penny James
Direct Line Group’s chief executive says she is proud of her staff managing the stresses of lockdown while serving customers throughout the pandemic
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NewsHowden 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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NewsBringing more women on board
Suzanne Sangiovese shares her thoughts on women’s risk leadership opportunities on International Women’s Day
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NewsInsurers 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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NewsAllianz 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 & OpinionFarid 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 & OpinionThird 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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NewsBermuda’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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NewsStart-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.
