All News articles – Page 143
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NewsAXA XL in India to plant 30,000 trees and create a biodiversity park in Delhi
AXA XL in India has partnered with charity, Give Me Trees Trust, to embark on an ambitious three-year project to plant 30,000 trees and create a biodiversity park in Jaunapur, Chhatarpur, New Delhi. A healthy biodiversity helps to breakdown and absorb pollution and provide resilience to climate change. The new ...
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NewsBest’s Market Segment Report: Tough Operating Conditions Present Challenges for Sub-Saharan Reinsurance Markets
For many years, the reinsurance markets of sub-Saharan Africa, though small by global standards, have provided global reinsurers with an opportunity for diversification and profitable revenue growth. However, according to an AM Best report, competition and rising acquisition costs have led to a gradual deterioration in the performance of market ...
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People & OpinionMatt Paskin and Theo Butt appointed CEO of Convex Re (Bermuda) and CEO of Convex Insurance UK respectively
Convex, the international specialty insurer and reinsurer, is delighted to announce that Matt Paskin has been appointed as CEO of Convex Re Limited (Bermuda) and Theo Butt has been appointed as CEO of Convex Insurance UK Limited (London); these appointments are subject to regulatory and immigration approvals. These positions were ...
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NewsDIFC FinTech Hive’s Accelerator programme to advance the role of women in financial services
DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, revealed the 2020 launch of AccelerateHer, a female-focused career mentorship accelerator programme to empower women in financial services. The programme equips young, aspiring female executives with tools and experience to ...
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NewsInsurance stocks are ruling on UAE indices, with Salama leading the pack
UAE investors widely share the view that insurance sector shares have performed oustandingly this year. An analysis of the sector will however throw some interesting findings. Among insurance companies with a market capitalisation higher than Dh300 million and a Trailing Twelve Month (TTM) revenue greater than Dh200 million and net ...
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People & OpinionMarsh Appoints Tamara Simpkins Franklin as Chief Digital, Data, and Analytics Officer
Marsh today announced the appointment of Tamara Simpkins Franklin as Chief Digital, Data, and Analytics Officer, effective October 1. Based in New York, she reports to John Doyle, President & CEO of Marsh. In this role, Ms Franklin will be responsible for designing and implementing digital technologies and enhancing the ...
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NewsMetLife to Reduce Emissions by 30 Percent and Originate $20 Billion of New Green Investments By 2030
Over the next 10 years, MetLife, Inc. (NYSE: MET) has committed to reduce its location-based greenhouse gas (GHG) emissions by 30 percent from 2019 levels, originate U.S. $20 billion in new MetLife Investment Management (MIM)–managed green investments, and allocate U.S. $5 million to develop products and partnerships that drive climate ...
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NewsMunich Re issues green bond
For the first time in its history, Munich Re has issued a subordinated green bond, with the volume issued amounting to €1.25bn. This bond highlights Munich Re’s commitment to using the capital markets to help achieve a climate-friendly transformation of the economy. Munich Re will use the raised capital to ...
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NewsAon democratizes access to catastrophe data by supporting open data formats curated by Oasis
Aon is enabling re/insurers to easily convert their catastrophe data into the Open Exposure Data format to allow more vendor model choice and enable broader risk management insights. Following the costliest decade on record, economic losses from natural disasters reached USD75 billion in the first half of 2020 and reinforced ...
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NewsThree trends that will shape the world
Four experts at Airmic Fest identified longevity, digitalisation and climate change as three trends that will change the way we do business. Here’s how they’ll affect risk management.
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Time is running out for businesses to get Brexit-ready
With just a few months left of the transition period, risk managers have substantial work to do to get Brexit-ready. A panel of experts at Airmic Fest outline what needs to take top priority for firms.
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NewsNDML and NTIA urge Hiscox to pay interim BI claims
The broker and trade body encourage insurance firm to take ‘the ethical approach’ and pay 50% of policyholders’ claims now
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NewsHow Amazon’s latest insurtech tie-up could be template for disruption
Tech giant Amazon recently partnered with an insurtech instead of an incumbent, Altus’s consultant Patrick Hayward tells Insurance Times why this move is an important one
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NewsA-Plan deal a ‘stepping stone’ to further growth says David Howden
Howden’s acquisition of Top 50 Brokers rival A-Plan Group will create a new £1bn challenger broker for the UK market, says Hyperion Insurance Group’s chief executive, David Howden. Speaking to Insurance Times, Howden says the acquisition will give the broking group genuine scale in the marketplace and turn the business ...
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NewsLoss Reserve Protection Covers: Solutions for Achieving Capital Optimisation
The COVID-19 pandemic clearly presents significant challenges to insurers, but it is also becoming increasingly clear that (re)insurers are likely entering a far more favorable underwriting environment.
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NewsLloyd’s taken off Fitch ratings watchlist
Fitch Ratings has taken Lloyd’s off of its watchlist of companies it is concerned could be facing a downgrade of its financial ratings after the market released its half-year results.
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NewsAM Best Comments on Credit Ratings of Barents Reinsurance S.A. Following Relocation Announcement
AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Barents Reinsurance S.A. (Barents Re Lux) (Luxembourg) both with negative outlooks remain unchanged following the company’s announcement of its plans to relocate Barents Re Lux to the United Kingdom ...
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NewsDeutsche Rückversicherung to start writing business in the Middle East
The reinsurer has appointed Tarik Aouad as Head of Middle Eastern Markets, reporting to Board member Achim Bosch and based in Düsseldorf, Germany, effective from 15 April 2020. The newly created market segment will focus on traditional property and casualty reinsurance business.
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NewsBusiness interruption battles could cut demand for insurance, UK regulator says
Disputes over whether pandemic-related claims are covered by business interruption insurance could hurt demand for insurance protection more broadly, according to a U.K. regulator.
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NewsInperio signs new multi-year deal with specialist underwriter
MGA Inperio has signed a new multi-year deal with European programme underwriter – Accredited Insurance (Europe) Limited (AIEL). The deal will bring capacity to solicitors and Independent Financial Advisors (IFA).
