All News articles – Page 89
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NewsWarren Buffett’s Berkshire Hathaway recovers from coronavirus slowdown
The company Buffett has run since 1965 also signaled the billionaire’s confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.
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NewsOutlook for 2021: Hannover Re confirms all full-year guidance after successful first half-year
Hannover Re substantially increased its Group net income in the first half of 2021 and considers itself well on track to achieve the targets set for the current financial year. At the same time, gross premiums saw further double-digit growth. “We achieved a thoroughly satisfactory half-year result that is ...
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News
Lockton Re partners with Nephila Capital to launch a new automated placement solution
The company announced the “first-of-its-kind”, digital capability – Lockton Re SAGELink Automated Placement Solutions – today.
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NewsEnstar announces departure of CFO Zachary Wolf
Orla Gregory, Enstar’s current Chief Operating Officer, has been named Acting Chief Financial Officer.
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NewsMarsh enters Amazon partnership to provide product liability insurance for online sellers
Broker Marsh yesterday (10 August 2021) announced that it has entered into a new partnership to help small businesses get affordable product liability coverage.
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NewsSpoof ads rife for insurers and brokers despite Google crack down
The FCA seeks to resolve ’the root cause’ of fraudulent adverts, however the government’s Online Safety Bill needs to be broadened if it is to play an important role here
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NewsNew broker-centric MGA Hoxton Insurance Services hits high net worth sector
A new MGA called Hoxton Insurance Services, which trades exclusively with brokers, has been launched by MGA specialist NuVenture International Ltd.
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NewsUK government launches event cancellation scheme
Several syndicates in the Lloyd’s market, including Arch, Beazley, Dale Underwriting, Hiscox and Munich Re, are supporting the initiative
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NewsRansomware payments surge by 82%
Latest Unit 42 figures confirm the ransomware crisis continues to intensify, with the rise of quadruple extortion
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NewsAIG tightens cyber insurance limits as premiums climb
AIG is tightening the terms of its cyber insurance after its premium prices for this line of business were up by nearly 40% globally in quarter two of 2021.
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NewsIrish insurer expects Covid BI claim payments to hit €183m
Irish insurer FBD has cranked up its estimated cost for paying out Covid-linked business interruption (BI) claims from €150m (£127m) to €183m (£154m), according to the Irish Examiner.
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NewsMore insurtech M&A deals to be had – Willis Re
There has been an upward swing towards insurtech M&A as the Covid-19 pandemic has accelerated the move to digital - however, Willis Re’s global head of insurtech Andrew Johnston predicts more mergers are yet to come.
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NewsLloyd’s Lab reveals seventh cohort with cryptocurrency focus
Lloyd’s Lab has revealed its seventh cohort today (6 August), 11 insurtech startups will be joining the innovation accelerator programme.
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NewsInsurance industry backs government’s live event reinsurance scheme in partnership with Lloyd’s
The insurance industry has backed the UK government’s move to boost the live events sector with a £750m reinsurance scheme following Covid-19 lockdown restrictions lifting.
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NewsAllianz Holdings GWP dips across all business areas in 2021’s H1
Insurer Allianz Holdings has reported a decline in gross written premium (GWP) across all areas of its business for the first half of 2021, due to the continuing impact of the Covid-19 pandemic, competitive market conditions and portfolio run-offs.
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NewsRSA reports loss for first half of 2021
Insurer RSA has recorded a £269m loss after tax for the first half of 2021 across its continuing operations in the UK, Ireland, Europe and the Middle East, as reported within its half year financial results published yesterday (4 August 2021).
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NewsBank of England confirms stress test to examine insurers’ cyber and climate risk resilience
The Bank of England declared yesterday (4 August 2021) that it will be stress testing the resilience of insurers against cyber attacks on policyholders and payouts for climate change induced natural disasters.
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People & OpinionHowden Group appoints former Axa XL leader as non-exec director
International insurance group Howden Group Holdings has appointed former Axa XL client and country senior leader Kelly Lyles as an independent non-executive director to the board, effective immediately.
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NewsEd announces integration of Ki’s algorithmic underwriting with TradEd
TradEd’s data capturing capabilities puts Ed in the ideal position of being able to take full advantage of Ki’s digital and algorithmically-driven platform
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NewsReinsurer takes minority stake in specialty MGA
The company recently announced a strategy of targeting high quality specialty MGAs in the United States.
