All News articles – Page 87
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NewsMiddle East oil giant backs Ardonagh in multibillion valuation
Middle East oil giant Abu Dhabi Investment Authority (ADIA) has backed Ardonagh with fresh investment, giving the firm an enterprise value of $7.5bn (£5.6bn)
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NewsAon appoints UK chief broking officer for commercial risk from WTW
Broker and professional services firm Aon has appointed former Willis Towers Watson (WTW) staffer Angela James in the newly created role of chief broking officer for commercial risk in the UK, effective from June 2022.
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NewsAllianz Global Corporate and Specialty appoints chief underwriting officer for corporate
Allianz Global Corporate and Specialty SE (AGCS), part of the Allianz Group, has appointed Shanil Williams as its new chief underwriting officer for corporate, effective from 1 January 2022 and subject to regulatory approval.
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NewsLloyd’s to get tough on culture in 2022 amid warning to managing agents
Lloyd’s of London said it will clamp down on syndicates and managing agents that are not delivering on diversity and inclusion (D&I).
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NewsInsurers and brokers have a key role to play helping SMEs in 2022 – RSA
Rob Flynn, UK SME director at RSA Insurance, highlights the key roles insurers and brokers have in supporting small businesses in 2022
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NewsInsurers set to become ‘lifestyle partners’ for customers in 2022 - Capgemini
Agility and the ability to collaborate will be key to creating successful insurers of the future, according to a new report by technology firm Capgemini, published this month (December 2021).
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NewsAPAC faces heightened geopolitical risk
The Asia Pacific region will probably be the most geopolitically charged region going into 2022, warns Dragonfly
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NewsEurope enters 2022 in weakened political state
A resurgence of anti-establishment sentiment and agitation in Europe is likely, amid uneven national recoveries from the pandemic - Dragonfly
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NewsStorm Arwen costs "tens of millions of euros"
The first windstorm event of the current season, caused disruption across northern parts of the UK - Impact Forecasting
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NewsInsolvencies, ESG and cyber are key risks for D&Os in 2022
Risk managers and their D&O insurers should also closely monitor potential exposures to US derivative actions, warns AGCS
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NewsClaims from deadly tornados to reach $3 billion
The insured loss estimate from KCC includes damage to residential, commercial and industrial properties
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NewsSwiss Re agrees to sell elipsLife to Swiss Life International and to enter into a long-term partnership supported by reinsurance
Swiss Re announced today that it has agreed to sell its life insurance subsidiary Elips Life AG (“elipsLife“) to Swiss Life International and to enter into a long-term reinsurance partnership for elipsLife’s in-force and new business.
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NewsReuters Exclusive: Canada’s CPP Investments seeks to sell insurance groups in strategy U-turn - sources
Canada Pension Plan Investment Board (CPP Investments) is seeking to sell its Wilton Re and Ascot Group insurance platforms, marking a strategic U-turn for the fund in the face of intense competition, people familiar with the matter said on Wednesday.
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NewsOmicron variant hits business sentiment
Half of the respondents report that their business is currently being affected by the supply-chain crisis - Oxford Economics
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NewsInsurance tycoon wants ban on ‘disgusting’ Bitcoin
Insurance and conglomerate tycoon Charlie Munger, the billionaire partner of legendary investor Warren Buffet, wants a ban on Bitcoin.
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NewsAllianz boosts D&O offering
The insurer has boosted its D&O offering after legislation and regulation tops business concerns
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NewsBain Capital’s takeover of LV= off the cards after member vote
The proposed £530m sale of life and pensions business LV= to American private equity firm Bain Capital is now off the cards after mutual members voting in support of the deal fell below the required 75% threshold.
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NewsInsurers set for ‘bumpy ride’ as GI premiums set to slow in 2022 - EY
Car manufacturers have faced supply chain bottlenecks, which has impacted insurance
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NewsKay International AMEA expands its operations to US to serve Latin America & Caribbean region
Kay International AMEA LLC has initiated business activities from its new office in Miami, Florida, after receiving its regulatory approval from the Florida Department of Financial Services to operate as a Reinsurance Underwriting Agency and Reinsurance Intermediary.
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NewsCyber captives to take off in 2022
As the cyber market continues to harden, buyers will seek alternative risk transfer solutions, predicts New Dawn Risk
