All News articles – Page 38
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NewsGeneva Association appoints new chair
President and CEO of AIA takes over the chairman role of the (re)insurance industry body.
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NewsNavigating the oil price cap changes in the shipping industry
Insurers play a pivotal role in assessing and mitigating risks associated with sanctions violations, and adjustments to the OPC scheme were effective from February, writes Daniel Tadros, chief operating officer, The American Club.
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NewsAlta Signa MGA announces Swiss office D&O-led expansion
New office in Switzerland for the Brussels-based MGA will initially focus on D&O business.
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NewsHDI Global appoints Ogden UK & Ireland CEO
The regional CEO role includes responsibility for commercial and specialty business.
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NewsApollo launches first modern captive Lloyd’s syndicate
New syndicate at Lloyd’s managed by Apollo in partnership with “a major global client”.
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NewsAcrisure Re forecasts ‘extremely active’ 2024 hurricane season
This summer’s Atlantic hurricane season could be “double the average”, with a rise in sea surface temperatures and a weaker La Niña weather phase.
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NewsGallagher Re appoints Flasinski North America CEO
Brian Flasinski will lead the reinsurance broker’s North American business from June 1 2024.
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NewsDUAL appoints Sayce as emerging products leader
The MGA announced a newly created role of head of emerging products, with the holder joining from Allianz Commercial.
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NewsRapid premium growth among US MGAs ‘warrants greater oversight’ – AM Best
The rating agency suggests that US managing general agents (MGAs) need closer supervision from their capital providers, as their premium increased by 14.9% last year to reach $81.4bn.
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NewsAI in insurance: a focus on fairness – Earnix
At its core, fairness in machine learning means implementing algorithms that make decisions impartially, writes Luba Orlovsky, principal researcher at Earnix, a technology firm focused on data-driven pricing.
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NewsWhen war risk becomes war reality – Association of Average Adjusters warning
War risk’s growing insurance complexities and unresolved challenges have been spelled out in a speech by the association’s chair, Burkhard Fischer.
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NewsBlenheim appoints Barber to grow its casualty book
Blenheim’s Lloyd’s Syndicate 5886 eyes casualty business with senior hire who previously led Chaucer’s liability division.
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NewsCanopius announces Haste as its new group chairman
Andy Haste, former group CEO of RSA Insurance Group, takes up the chairman role at Canopius.
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NewsAon appoints Chen as Asia Pacific leader for agriculture reinsurance
To be based in Singapore, Chen has previously served in Aon’s regional agriculture reinsurance team, focusing on Greater China and Thailand.
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NewsNormanMax, Apollo launch first dedicated parametric nat cat Lloyd’s syndicate
Syndicate 3939 will be led by Stuart Newcombe, former active underwriter for Munich Re Innovation Syndicate 1840, as its active underwriter.
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NewsAn arms race for data and AI – quantum leap needed
AI appears to be changing the world rapidly, but how is its adoption changing insurance? An interview with Capgemini’s Adam Denninger.
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News“Grey zone” losses prompt action – WTW geopolitics report
Some 47% of firms have experienced a political risk loss in excess of $50m, broker WTW warned, and 96% said they have invested in political risk management capabilities.
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NewsFidelis Partnership to open Abu Dhabi office
Matthew Warren joins from broker Oneglobal to lead the office as executive chairman of Fidelis MEASA.
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NewsPool Re, RUSI report warns of terrorists using AI
Terrorist exploitation of artificial intelligence is at the centre of a study published by Pool Re, the UK’s government-backed public-private reinsurance backstop for terrorism risk.
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NewsEverest Insurance launches in Australia
Bermudan re/insurer Everest gains approval to underwrite Australian insurance from the country’s regulator.
