All News articles – Page 174
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Lloyd’s clarifies claims situation after Brexit
A Part VII transfer will see Lloyd’s transfer its existing European Economic Area business to its Brussels company
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Typhoons Trami and Jebi may hurt Japanese insurers’ ratings – S&P
September storms could be a blow to the creditworthiness of Japan’s top three insurers, according to S&P Global Ratings
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Ren Re investor calls for sale
TimesSquare Capital Management wrote an open letter to RenaissanceRe’s board, imploring them to sell the Bermudian reinsurer after the wave of recent re/insurance M&A activity
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Insurtech collaborations winning out against acquisitions - report
Three-in-four insurance executives favour partnering on a solution-as-a-service basis, rather than buying insurtech firms, according to the World Insurtech Report 2018 from Capgemini and Efma
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Growing pains for top tier German reinsurers, says Jefferies
Munich Re is best placed among reinsurers to manage the re/insurance cycle, said the investment firm
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Mangkhut to cause $1-2bn insured losses - AIR
Typhoon Mangkhut closed the casinos in Macau, bringing business interruption costs to the world’s biggest gambling city
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Lloyd’s squeezes profit as Beale exits
Outgoing CEO Inga Beale exits Lloyd’s on a pre-tax profit of $776m for the first half of 2018 and a combined ratio of 95.5%
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MMC buys rival JLT creating biggest reinsurance broker
On paper the deal creates the world’s largest reinsurance broker by combined revenues, and adds to Marsh’s lead as the biggest broker of primary insurance business
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Fickle Florence outfoxed forecasters and cat modellers
Hurricane Florence could cause somewhere between $2.5bn and $5bn of insured losses, according to differing catastrophe modelling estimates, but the storm’s behaviour has proven difficult for models to predict
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Hurricane Florence makes North Carolina landfall
Florence’s centre struck the US east coast at Wrightsville Beach in North Carolina, with winds reaching 90mph (150kph)
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Chaucer sold for $950m to China Re
China Re has bought Lloyd’s insurer Chaucer from US parent The Hanover
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Aon restructuring reflects a changing industry
Silos do not work in today’s re/insurance market, which is why Aon has changed its structure, Eric Andersen tells GR
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Brokers at risk from artificial intelligence – Axa IM
Jerome Beranger says AI will take up many jobs once filled by humans
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Munich Re roundtable: ILS market must respond to cyber demand
A hot topic at the Munich Re roundtable yesterday was the growing cyber reinsurance market and how the industry should confront the challenges it poses
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Top technologies to disrupt the sector – Xceedance
Senior Xceedance leaders told GR which insurtech innovations will have the biggest effect on the industry
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Swiss Re backs ProTucket legacy cell
ProGlobal vow to press ahead with this cell, after an earlier venture in 2016 was delayed
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M&A continues apace – Jago
Willis Re’s global chairman Paddy Jago discusses what is driving M&A in the industry
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An ILS hub in the making
The recently launched UK ILS regime has to date facilitated two successful transactions. GC Securities’ managing director Des Potter, who played a lead role in the work to establish the regime as part of the London Market Group’s ILS Taskforce, discusses the potential it offers and what steps can be ...
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Cloud computing: The sky’s the limit
Shifting data storage to the cloud has much to offer re/insurers, from improved profitability to business continuity, yet reservations over data security and legacy system migration are holding some firms back. By Hussein Hassanali and Ricky Mahar, managing partners, VTX Partners, Volante Global