All News articles – Page 133
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NewsU.S. Businesses stock up on Insurance Cover over fears of Post-Election chaos
Retailers, pharmacies, liquor stores and other merchants across the United States are gobbling up insurance that protects buildings from damage caused by societal unrest, worried about possible street violence after the U.S. presidential election, insurers and brokers told Reuters.
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NewsAon enhances its Severe Convective Storm Modeling Capabilities in collaboration with Athenium Analytics
While tropical cyclones remain the costliest peril for the insurance industry in the United States, triggering USD362 billion in insured losses since 1990, severe convective storms are a close second at USD330 billion.
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NewsThere would be significant cyber losses in the next 10 years: Christian Mumenthalerm
“I’m not predicting it, but I think it’s likely that we’re going to have some significant cyber losses in the next 10 years, at some stage. I can’t say, we can cover all cyber risks in the next 20 years,” said Mumenthaler while speaking at a fireside chat at ...
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NewsSuper Typhoon Goni slams into Philippines
“Strongest landfalling cyclone in history” devastates eastern Philippines, causing catastrophic damage to Catanduanes Island
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NewsNearly 70% of UAE drivers clueless about even basic motor insurance terms, says AXA survey
UAE drivers may know everything about their cars and car brands, but when it comes to motor insurance, the ride turns a lot less smooth.
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NewsQueensland’s Halloween hailstorms declared a catastrophe
The hailstorms struck south-east Queensland late on the 31st October causing significant damage to vehicles and property
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NewsBeware BI underinsurance
While nobody wants to pay unnecessary premiums, it is essential to be clear on policy wordings and gross profit calculations
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NewsRate rises fuel premium income growth for Hiscox
The insurer also saw no further rises in its Covid-19 claims estimate
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NewsMAPFRE’S earnings in the first nine months of the year stand at 450 million euros (-2.7 percent)
The evolution of key economic figures must be considered in the context of the COVID-19 crisis, which has led to a slowdown in economic activity and brought about temporary lockdowns in most of the countries where MAPFRE operates.
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NewsEverest Re Group Reports Third Quarter 2020 Results: Net Income of $243.1 Million and 16% Growth in Gross Written Premium YOYr
Everest Re Group has reported that for the three months ended September 30, 2020, net income was $243.1 million, or $6.07 per diluted common share, compared to net income of $104.4 million, or $2.56 per diluted common share, for the three months ended September 30, 2019.
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NewsSwiss Re swings to 9-month net loss amid pandemic
This result reflects a strong performance in the third quarter, with Group net income of USD 444 million. Reinsurance increased its net premiums earned in the nine-month period, driven by improved market conditions and demand for large transactions.
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NewsBanks and insurers must comply with a new European Union law on sustainability-related disclosures from March
The EU approved the law last year to increase transparency on how banks, insurers, financial advisers and funds consider sustainability risks in their investment decisions and advice to investors.
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NewsNorthern Philippines braces for Typhoon Goni
Goni will take a similar path as of Tropical Storm Quinta (Molave), increasing the vulnerability of people affected
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NewsTractable’s AI solution to save adjusters 360,000 hours annually as insurer partner deploys it across Japan
It solves a long-standing problem in the market with the speed at which motor claims can be solved
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NewsToo few companies disclose financial hit from climate change, regulator says
Too few companies specify their prospective financial hit from climate change under a voluntary global disclosure code that needs wider backing from asset managers and others to be fully effective, a global regulatory body said today.
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NewsRSA and RoSPA join forces to encourage safer & more active lives
RSA today announces a new charity partnership with the Royal Society for the Prevention of Accidents (RoSPA). The two organisations are collaborating on a number of initiatives to highlight risks and to help reduce the number of people who are seriously injured or killed in accidents at home or on ...
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NewsPeak Re first HK based reinsurer to issue public hybrid securities
Peak Re has announced that its wholly-owned subsidiary Peak Re (BVI) Holding Limited, has successfully completed the issuance of USD250 million of perpetual subordinated guaranteed capital securities (the “Securities” or the “Transaction”) at 5.35 per cent. The Securities are rated Baa2 (hyb) by Moody’s, and unconditionally and irrevocably guaranteed by ...
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People & OpinionJohan Slabbert succeeds Tom Clementi as Chief Executive Officer of MS Amlin Underwriting
MS Amlin Underwriting has announced the appointment of Johan Slabbert as Chief Executive Officer (CEO). Slabbert will take up the role on 01 November 2020, subject to regulatory approval. Slabbert succeeds Tom Clementi, who will step down from his position as CEO on 31 October 2020 after 4 years in ...
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NewsAxis Capital Reports Third Quarter 2020 Results
”This was a quarter in which the world and our industry were impacted by exceptional levels of cat loss activity.” Albert Benchimol, President and CEO of AXIS Capital
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NewsSwiss Re puts pioneering data and analytics platform at the service of global health and joins The Trinity Challenge
Swiss Re is joining The Trinity Challenge, a global coalition that aims to better predict and prevent outbreaks, epidemics and pandemics by harnessing the power of data and analytics. Swiss Re has integrated COVID-19 related health, economic and social data in one unique platform: the Risk Resilience Center. As a ...
