All News articles – Page 138
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NewsRoyal Gazette: Convex gears up to bolster its Bermuda operation
The biggest insurance start-up in Bermuda’s history, Convex Group Ltd, is gaining traction and is looking to bolster its team and its Bermudian operation.
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NewsBenoît Ribadeau-Dumas to succeed Denis Kessler as Chief Executive Officer of SCOR
The Board has unanimously expressed the wish that Denis Kessler continue his work as Chairman, and a resolution to this effect will be submitted to the 2021 General Meeting.
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NewsCastel enters Renewable Energy market
Castel will underwrite a book of marine, construction and operating risks, business interruption, general liability, sabotage, terrorism and theft losses and natural catastrophe coverages.
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NewsSwiss Re Institute estimates USD 83 billion global insured catastrophe losses in 2020, the fifth-costliest on record
Insurance industry losses from natural catastrophes and man-made disasters globally amounted to USD 83 billion in 2020, according to Swiss Re Institute’s preliminary sigma estimates.
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NewsReuters: Aon’s $30 billion Willis deal faces EU probe - sources
The European Union’s antitrust regulators are to open a full-scale investigation into Aon’s $30 billion bid for Willis Towers Watson to create the world’s largest insurance broker, two people familiar with the matter said. The all-stock deal, which would merge the world’s second and third largest brokers, has attracted regulatory ...
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NewsLloyd’s and Parsyl launch insurance initiative for distribution of COVID-19 vaccines
Public-private collaboration, including 14 global (re)insurers, addresses critical risks faced by COVID19 vaccines and other health commodities during distribution.
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NewsBain Capital buys British mutual life insurer LV= for $707 million
The deal will mark the end of the British insurer’s mutual structure, under which policyholders own the company.
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NewsCovid-19 pandemic exacerbates opioid crisis as claims surge again
With the Covid-19 pandemic still ongoing, there has been a surge in claims for opioids. Sedgwick’s senior medical officer tells Insurance Times why the situation has worsened and what the loss adjustor has been doing to tackle it
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People & OpinionRSA confirms managing director for London Market business
RSA UK and International has confirmed that the interim managing director of its London Market business Steve Watson will take up the role on a permanent basis, effective immediately.
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NewsNovidea looking to grow internationally following specialist broker on-boarding
Novidea is targeting commercial non-commoditised business
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NewsZego secures European broking licence
The Dutch regulator AFM awarded the licence. It will enable Zego to work with EU-based insurance partners and customers so it can establish itself in new territories without friction once the Brexit transition period ends on 31 December 2020.
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News‘Known unknowns’ are creating ‘nervousness’ in D&O market
“Known unknowns” such as climate change, cyber risks and environmental, social or governance (ESG) factors have “created a lot of nervousness” in the directors’ and officers’ (D&O) insurance market, according to a new report by Allianz Global Corporate and Specialty (AGCS).
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NewsLloyd’s and Parsyl launch insurance initiative for distribution of COVID-19 vaccines
Ben Hubbard, CEO, Parsyl said: “By unleashing the power of data, we’re addressing a critical insurance gap when the world needs it most.”
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NewsMactavish warns that ‘premiums are rising dramatically’ due to hardening market
In addition, the firm believes there has been a ‘considerable erosion in the quality and extent of the insurance cover offered to policyholders’, which may not have been flagged by brokers
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NewsGRP buys majority stake in online commercial broker
Broker Global Risk Partners (GRP) has bought a majority stake in online commercial brokerage Insync Insurance Solutions, accelerating its focus on omni-channel distribution.
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NewsData sharing needs to improve for London Market to lead in cyber insurance
A panel of industry experts highlight why London is the natural “hub” for cyber insurance provision and what the market needs to do to lead from the front in this product line
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NewsAviva to sell entire Vietnam shareholding
The move adheres to Aviva’s strategy to focus on its UK, Ireland and Canada markets
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NewsFCA launches consultation to determine how to prove Covid-19 presence for BI claims
The regulator wishes to be prepared should the Supreme Court agree with the High Court’s judgment
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People & OpinionHamilton enters environmental marketplace and appoints John Termini as US Head of Environmental Insurance
Since joining last month, Termini has been focused on building out his team, as well as developing the book of business, leveraging the Company’s Lloyd’s platform, with the long-term goal of providing a broad range of innovative product offerings to lead the market.
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NewsBroker-led campaign urges government to underwrite a Covid-19 contingency insurance product
The ‘Let Live Thrive’ initiative is seeking an insurance solution to enable live events to take place again next year
