All News articles – Page 154
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NewsHard market to prompt captive growth
Firming commercial insurance prices and impacts from COVID-19 could present opportunities for the captive insurance segment - AM Best
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NewsHiscox ups Covid reserving in face of ‘largest insured loss in history’
Hiscox revised its reserving upwards alongside taking into account potential business interruption payouts; the insurer believes its exposure to Covid-related BI claims could be between £10m and £250m
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NewsLancashire falls to $23m H1 loss as Covid-19 claims hit hard
The insurer increased its loss estimate for Covid-19 to $42m
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People & OpinionJacques Bonneau appointed president and chief executive officer of PartnerRe
PartnerRe announces the appointment of Jacques Bonneau as its President and Chief Executive Officer (CEO) effective 28 July 2020. Mr. Bonneau has been a member of the PartnerRe Board of Directors since February 2019, having served on the Company’s Audit Committee and as the Chairman of its Underwriting and Risk ...
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Online onlyCOVID-19 litigation tracker identifies vulnerable industries
217 complaints have been filed in the US with 55% involving cruise ship passengers and nursing home residents and staff
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NewsNat cats cost global economy $75 billion in 1H 2020
Insurers paid out $30+ billion due to natural catastrophes in the first six months of the year
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NewsEmerging markets face “unparalleled” civil unrest
In India and Hong Kong, pre-existing grievances centre around political rights are likely to inflame protests - Verisk Maplecroft
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NewsFintech Baloon raises 1.8 million euros to accelerate its deployment in Africa
Baloon, leader in digital brokerage in French-speaking Africa, today announces a new round of funding of 1.8 million euros with its historical investors to support its development in the 3 new countries where it has launched. Created in 2017, Baloon develops personal insurance in French-speaking Africa through digital. By surfing ...
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People & OpinionQIC Global appoints acting chief executive for Antares Syndicate 1274
The promotion from active underwriter to chief executive is effective from 7 July
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People & OpinionCapsicum Re appoints new chairman as it spruces up executive committee
Chief executive Rupert Swallow created ‘a close-knit but diverse core leadership team’ to help the firm grow
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People & OpinionWillis Re appoints new specialty casualty co-head
James Moss joins with more than 30 years of industry experience
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NewsFirms must change cyber security approach
The traditional approach to cyber security must be replaced by something that is more user-centric - Aon and CyberCube
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People & Opinion‘Future of insurance as insurtech’ more crucial than ever says Insurtech Board chairman
The future of insurance is insurtech and this is more important now than ever as the UK emerges from lockdown, according to the chairman of the Insurtech Board (Tech Nation UK).
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NewsLloyd’s calls for industry and government collaboration to mitigate future systemic risks post-Covid19
Lloyd’s of London is calling for close collaboration between insurers, brokers, customers, the global industry and government in designing cover for future systemic risks, which it says are complex.
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FeaturesDIFC position as the region’s reinsurance sector hub reconfirmed
The sector grew by 17.4% in 2019, representing the highest volume of premiums ever written in the market, further reinforcing the Centre’s position as the leading reinsurance hub in the region.
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NewsCovid-19 is the ‘watershed moment’ to improve cyber insurance penetration
Swiss Re detailed the recent history of the cyber insurance market during its virtual media day last week, highlighting how the coronavirus crisis has affected the market and how the pandemic could aid the product’s penetration…
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FeaturesTotus Re – the reinsurer for reinsurers
With the insurance industry taking a reputational hit during the pandemic, the two founders of Totus Re argue that a proactive stance could be a move in favour of the sector
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NewsTotus Re bags 30 sign ups since mid-May
The open collective is now looking for others that are interested in the model to join the conversation
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NewsUS riots a “catastrophe” event - PCS
The riots have become the first PCS-designated riot catastrophe event covering more than one state
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AnalysisREPORT: Global guidance on the integration of environmental, social and governance risks into insurance underwriting
After a multi-year global consultation process, leading insurers from around the world and the UN Environment Programme (UNEP) launched last the first global insurance industry guide to tackle a wide range of sustainability risks—from climate change, ecosystem degradation, pollution and animal welfare and testing; to child labour, controversial weapons, and ...
