All News articles – Page 142
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News2021 to bring ecopolitical turbulence - International SOS
Employers will need to go through an evolution in their Duty of Care provisions, just as they did post 9/11
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NewsHowden buys cyber and technology-focused broker
For Howden, the purchase highlights the value that the broker sees in the “fast-growing” cyber product line, gives it an enhanced retail cyber platform and boosts its market presence in the US wholesale sector.
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NewsSaudi Re inks reinsurance contracts with Probitas, GWPs estimated at SAR 177 mln
The company added that the gross written premium (GWP) is estimated at SAR 177 million, highlighting that the contracts will have a positive impact on boosting GWP and the financial impact will be reflected from FY 2021.
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NewsHippo Insurance raises a fresh $350M
Insurtech unicorn Hippo closed a $350 million round to help it expand into more of the U.S. The money will be used to roll out in new states, helping Hippo get to its goal of reaching 95 percent of U.S. homeowners in the next year.
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NewsGerman insurers in ‘final stages’ of credit backstop extension talks
German insurers are in the final stages of negotiating a six-month extension to a COVID-19 credit insurance backstop with the German government.
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NewsBeazley boss upbeat on 2021 after COVID-19 losses
Next year could be one of Beazley’s strongest for more than a decade, the Lloyd’s of London insurer’s chief executive said on Tuesday, with the industry likely having already absorbed the bulk of its losses from the coronavirus pandemic.
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NewsDIFC Signs Agreement with leading Israeli Bank - Bank Hapoalim
Dubai International Financial Centre (DIFC) has entered into an agreement with Bank Hapoalim, one of Israel’s largest banks.
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NewsUAE’s new foreign ownership law has what it takes to drive new business, investments
Changes to Commercial Companies Law can also lift stock markets with 70% rule
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NewsIAG and EQC settle costs from Canterbury earthquake claims
Earlier this month, IAG welcomed an announcement from the Earthquake Commission (EQC) and Insurance Council of New Zealand (ICNZ) outlining changes designed to make natural disaster insurance claims more streamlined for customers.
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NewsEG: More than 50% of workers say working from home has negatively impacted their mental health
The results of the EG mental health survey launched in September 2020 underlines the importance of the office and the return to the workplace for individual wellbeing.
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NewsLockdowns expected to bring big drop in claims costs this year, but 2021 predicted to turn negative
Underlying claims inflation, Brexit and the FCA’s new pricing rules could turn underwriting profits red next year, predicts EY
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NewsBrit’s syndicate Ki onboards its first broker trading partners ahead of New Year launch
Ki’s broker partners include Aon, Gallagher and Marsh among many others
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NewsArch Insurance reveals SME terrorism product to combat evolving risks
Arch Insurance (UK) Limited has unveiled a new terrorism insurance product for the UK regional market, to cater for evolving risks for SMEs
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NewsHamilton Launches Ada Capital Management
Ada Re will benefit from access to the breadth of Hamilton’s underwriting expertise, including its proprietary portfolio management and pricing system, Hamilton Analytics & Risk Platform (HARP).
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NewsNew Bermudian reinsurer Vantage Risk assigned A- rating
Vantage plans to expand into primary insurance lines and operate as Vantage Group. Dinos Iordanou, formerly of Arch Capital Group Ltd., will serve as a non-executive chairman for the greater group, with Greg Hendrick, formerly of Axa XL, serving as the group’s chief executive officer.
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NewsBermuda’s reinsurance resilience highlighted
“Bermuda is at the forefront of global capital raising in the reinsurance sector with estimates of approximately $12 to $15 billion of new capital being deployed into the sector in the last several months,” said Arthur Wightman, PwC Territory and Insurance leader.
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NewsZurich confirms it is in discussions regarding MetLife’s U.S. P&C business
If the negotiations conclude successfully, a deal could be announced by early December, the sources said.
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NewsEx-Hiscox bosses create new insurance business at Lloyd’s with $800 million start-up finance
A group of ex-Hiscox chiefs have set up a new London insurance group at Lloyd’s with $800 millon of backing from international investors and hired City heavyweight Sir Howard Davies as chairman. Inigo is being founded by Hiscox’s former chief underwriter Richard Watson, who stepped down from his former employer ...
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NewsAviva sells Italy life business as Blanc doubles down on UK champion strategy
Aviva is selling one of its Italian entities, having previously announced the sale of its Indonesia and Singapore businesses
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NewsSompo International Commercial P&C announces new global brand campaign
Sompo announced today the launching of a new brand campaign and tagline, “Promise. Trust. Protect. At the center of everything we do.”
