All News articles – Page 158
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NewsRe/insurers recognise the importance of ESG strategies but struggling to implement them: AM Best
A proper understanding and integration of environmental, social and governance (ESG) factors is increasingly critical to the long-term viability of re/insurance companies, according to research by AM Best.
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NewsCameroon Re, new reinsurance company
The project to set up a Cameroonian reinsurance company, initiated in 2019, has been finalised
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NewsConvex secures another $1bn of equity capital
Convex Group has secured commitments for an additional $1 billion of equity capital, subject to the requisite regulatory approvals
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NewsZurich puts environmental and social goals at heart of impact investment strategy
Zurich becomes first large institutional investor to prioritise the environmental and social goals of its impact investment portfolio
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NewsNew digital car insurance in the UAE rewards motorists for driving safely
UAE drivers can now win rewards such as free meals, discounted hotel stays and gym membership for driving safetly.
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NewsSouth African court rules insurer Santam should pay hotel group’s virus-related claim
Globally, firms like Ma-Afrika, forced to close under coronavirus restrictions, have been fighting the rejection of claims made under business interruption policies. In South Africa, insurers say these policies did not apply to government lockdowns.
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NewsInsurers are trying to escape COVID-19 liability, watchdog tells UK Supreme Court
Tuesday’s hearing focused on how insurance law clauses, such as a so-called “but for” test, disease, composite peril, prevention of access and trends, should be applied in the case.
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NewsPartnership to build Bermudian talent in re/insurance
Albert Benchimol, chief executive officer of Axis Capital and chairman of Abir, said: “Abir member companies serve global communities, while being committed to building their talent pipeline of new re/insurance leaders in Bermuda.
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NewsDigital Production as a Service: Porsche, MHP and Munich Re found the “FlexFactory”
This aims to make the production of small series of all kinds of different products in the manufacturing industry more flexible and cost efficient.
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NewsAon enhances its global tropical cyclone models with climate risk scenarios from Columbia University collaboration
This enhancement will enable insurers to quantify climate risk in their portfolios and make adjustments that will inform better decisions on pricing, investments and exposure management both today and over the long term.
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NewsBrokers to blame for lack of pandemic focus in FTSE 100 boardrooms – Mactavish
The firm’s chief executive believes organisations have been ‘wasting their money’ on broker advice if pandemic risks have not been mentioned
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NewsAston Lark buys two specialist brokers
Aston Lark announces its second round of M&A activity within a week
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NewsTerry returns: Quindell founder targets huge stock market launch
Quindell founder Rob Terry is making a comeback with plans to launch a billion pound company.
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NewsHiscox Re & ILS: Increasing ransomware attacks demands action from (re)insurers
The rise in frequency and severity of ransomware incidents calls for a response from the (re)insurance industry. Conor Husbands – Specialty Underwriter, and Devin Page – Head of Specialty, Hiscox Re & ILS explain more…
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People & OpinionArdonagh Specialty names new leadership team
Specialty is one of Ardonagh’s four platforms, alongside Retail, Advisory and Ardonagh Ireland. It recorded £152m pro forma income in the 12 months to 31 March 2020, and 10.7% organic growth for the quarter.
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NewsChaucer grows with new branch in Bermuda
James Holliss, Chaucer’s Head of US Property Treaty, has transferred to Bermuda to lead the operation, which will consider business on a primary, quota share and excess of loss basis.
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NewsHurricane Iota: Category four storm hits Nicaragua
The US National Hurricane Center (NHC) said the storm crossed the coast on Monday evening.
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NewsEU regulators to decide on $30 billion Willis, Aon deal by December 21
Aon has sought EU antitrust approval for its $30 billion bid for Willis Towers, with the EU watchdog setting a Dec. 21 deadline for its decision, a filing on the European Commission website showed on Monday.
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NewsUK businesses not covered for pandemic, insurers tell Supreme Court
Major insurance companies told the UK Supreme Court on Monday that thousands of small companies battered by the coronavirus pandemic were not eligible for business interruption payouts and to suggest differently was “reverse engineering”.
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NewsCybersecurity is top business worry in ‘age of risk’: Marsh & McLennan CEO
Cybersecurity has emerged as the most pressing exposure for business confronting a new “age of risk,” topping the coronavirus pandemic and climate change, in part because cybercrime is so pervasive, the head of Marsh & McLennan said on Monday.
