All News articles – Page 147
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NewsAllianz cautious on outlook despite surprise profit rise
After a short period of economic recovery, the recent increase in infection rates has led many governments to intensify containment measures again to limit the spread of COVID-19. As the challenging socio-economic conditions persist, Allianz Group demonstrated its resilience again in the third quarter of 2020 and recorded a solid ...
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NewsBuffett’s Berkshire suffers in pandemic even as Apple boosts profit
Some Berkshire operating businesses have rebounded from their spring depths, and analysts were encouraged that revenue fell just 3% from a year earlier. But COVID-19, hurricanes and low interest rates hurt profit from insurance businesses, which include the Geico auto insurer, and the Precision Castparts aircraft parts unit projected thousands ...
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NewsBoss Hester to net millions in cash windfall upon RSA sale
RSA boss Hester has shares that could be worth millions if the deal goes through
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NewsHow risk and insurance supports sustainability
Energy companies need partners and advisors that can help them make the move to a renewable future
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NewsSilent cyber: Can you hear it?
With events such as WannaCry classified as a cyber catastrophe event, silent cyber issues have developed into coverage disputes
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NewsToo good to turn down? RSA told latest offer better than Zurich’s 2015 bid
RSA is getting ”more than fair value” from the £7.1bn consortium offer being put forward, according to analysts at Jefferies.
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NewsRSA mulls multibillion pound consortium bid
The British insurer has been seen as an attractive acquisition target for some time
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NewsLloyd’s told new blueprint requires total London Market support
In launching the Blueprint Two report, Lloyd’s chairman Bruce Carnegie-Brown said the impact of the Covid-19 pandemic, which has led to a shift towards remote working, had hastened the market’s ambitions.
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NewsGlobal insurance pricing up 20% in Q3
All regions, except Latin America (9%), reported double-digit pricing increases, led by the UK (34%), Pacific (33%), and the US (18%) - Marsh
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NewsBrokers define hard market and struggling economy as their biggest concerns
Research by Aviva also signposts Brexit as the potential cause of an economic decline
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NewsHyperion Insurance name disappears
The Hyperion Insurance name is no more, as the broking firm has officially become Howden Group Holdings, it was announced today.
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NewsFCA outlines key drivers of harm for Lloyd’s and London Market in new ‘Dear CEO’ letter
The letter, which is targeted at Lloyd’s and the London Market intermediaries and MGAs, provides an overview of the areas of focus within the regulator’s supervision strategy
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NewsAllianz Insurance has rolled out free access to online learning platform, LinkedIn Learning, to many of its independent brokers
Building on Allianz’s existing Broker Training proposition, which provides webinars and technical broker training programmes to all brokers, the new offering will provide select independent and regional brokers with access to more than 16,500 on-demand courses from LinkedIn Learning.
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NewsHannover Re expects Group net income of more than EUR 800 million for the 2020 financial year
The company increased its reserves for Covid-19-related losses in property and casualty reinsurance by EUR 100 million to a total amount of EUR 700 million as at the end of September. In life and health reinsurance the burden from Covid-19 currently stands at EUR 160 million.
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NewsGuy Carpenter launches Mutual, Agency and Captive Reinsurance Solutions Practice within Global Marine & Energy Specialty Group
This practice, which forms part of Guy Carpenter’s Global Marine & Energy Specialty group, is one of several key growth strategies the company is focusing on in the marine & energy sector.
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NewsFinnish insurer Sampo’s Q3 pretax profit surges
Finnish financial group Sampo reported a 425% rise in third-quarter pretax profit on Wednesday, citing excellent results at its property and casualty subsidiary If and improved market values of its investment assets.
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NewsSIRC 2020 - COVID-19 a fractal shock to the reinsurance industry. Denis Kessler
A vast majority of risk can be visualised, but a virus spread is invisible, insidious and pernicious. People are infinitely more afraid of dangers they cannot see than the danger they can identify.
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NewsAXA records a dynamic rebound of revenues in Q3
”AXA’s strategic choices in recent years, favoring technical risks over financial risks, have positioned the Group well for the future and are confirmed by the Group’s strong performance in the context of Covid-19. The Group recorded a dynamic rebound of revenues in the third quarter, with our preferred segments, P&C ...
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NewsSweden’s largest insurer, Folksam, leaked shares data of one million Swedes with tech giants
Sweden’s largest insurer, Folksam, accidentally leaked private data on about one million of its customers to a handful of the world’s largest technology companies, it said on Tuesday. Folksam, which insures 50% of Swedish homes and individuals, shared the data with tech giants such as Facebook, Google, Microsoft and LinkedIn. ...
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