All News articles – Page 94
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NewsLloyd’s of London hires ex-Chubb executive as new commercial director
Lloyd’s of London has hired Chubb’s regional executive officer Dawn Miller as its new commercial director, effective from quarter two of 2022.
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NewsHowden Group boosts revenue by 48% in 2021 thanks to organic growth uptick
In 2020, the broking group’s revenue amounted to £777m. The improved 2021 figure was “anchored” by organic growth of 19%, the firm said, up from 6% in the previous year.
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NewsMarsh’s vice-chairman set to retire this March
Drummond-Brady joined the insurance broker and risk advisory firm in 2019 following Marsh McLennan’s acquisition of the Jardine Lloyd Thompson Group (JLT) - the deal was initially announced in September 2018 and completed in April 2019.
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NewsGibraltar on the rise as underwriting performance improves on the Rock
Insurance in Gibraltar is a growing market, with insurers based in the country reporting gross written premium (GWP) totalling more than £5.3bn for 2020/21, up from £4.6bn a year earlier, according to analysis from data insight and consultancy service Insurance DataLab.
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NewsZego reveals European expansion plans targeting fleet insurance sector
Commercial motor insurer and insurtech Zego has today (19 January 2022) revealed its European expansion plans - this includes launching in the Netherlands, as well as ramping up its operations in France.
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NewsZurich sees startup applications for innovation championship double
The Zurich Innovation Championship is an annual, worldwide competition that offers startups, scaleups and entrepreneurs the opportunity to collaborate with the insurer during an intensive three month accelerator programme.
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NewsAllianz Risk Barometer 2022: Cyber perils outrank Covid-19 and broken supply chains as top global business risk
The Allianz Risk Barometer is the annual report identifying the top corporate risks for the next 12 months and beyond, based on the insight of more than 2,650 risk management experts from 89 countries and territories.
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NewsUS Xinjiang bill demands full supply chain visibility
Key challenge for companies is to determine traceability of their often highly complex supply chains
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NewsUK consortium to tackle systemic risk
Backed by Pool Re, it will support the creation of private-public solutions and develop new risk transfer products
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NewsInternational Underwriting Association reveals 2022 business plan
The International Underwriting Association (IUA) has published its business plan for 2022, setting out clear focuses around climate risk, business interruption, regulatory changes and pandemic responses.
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News84% of leaders concerned about world outlook – World Economic Forum
Around 84% of global experts and leaders are worried or concerned about the outlook for the world, according to research by independent international organisation the World Economic Forum (WEF).
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NewsCyber threats ‘growing faster than ability to prevent and manage them effectively’
The recent ”intensification” of cyber attacks indicates that ”cyber threats are now growing faster than our ability to prevent and manage them effectively”, according to Carolina Klint, risk management leader for continental Europe at broker Marsh.
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NewsLloyd’s of London reveals new operational structure behind Blueprint Two
Initially published on 5 November 2020, Blueprint Two is the delivery phase of the market’s Future at Lloyd’s strategy, which is focused on modernising the marketplace through digitalisation.
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NewsReuters: U.S. insurers must cover eight at-home COVID tests per person monthly - White House
Insurance companies will be required to cover eight over-the-counter at-home coronavirus tests per person each month starting Saturday, the Biden administration said, expanding access to highly sought-after kits as Americans grapple with a surge in coronavirus cases. The White House also said on Monday that there is no limit to ...
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NewsMunich Re: Hurricanes, cold waves, tornadoes: Weather disasters in USA dominate natural disaster losses in 2021
Worldwide, natural disasters caused substantially higher losses in 2021 than in the two previous years. Based on provisional data, storms, floods, wildfires and earthquakes destroyed assets worth US$ 280bn.
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NewsClimate crisis is ‘biggest long-term threat facing humanity’
Worries around climate change and the associated risks dominate global concerns, according to the latest report by international non-governmental and lobbying organisation the World Economic Forum (WEF).
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NewsWEF Report: Climate inaction dominates global concerns
Top risks are climate crisis, growing social divides, heightened cyber risks and an uneven global recovery, as pandemic lingers on
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NewsD&O rates in the UK ‘are not out of the woods yet’ – Gallagher
Despite supply challenges surrounding D&O insurance, increased awareness of ESG factors could encourage more entrants to this market, reports broker
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NewsCII’s Society of Insurance Broking to focus on attracting fresh talent to sector in 2022
Kevin Hancock, SIB’s chair and Yutree Insurance’s managing director, said: “We must do more to make insurance a more accessible degree course and to increase the availability and awareness of insurance apprenticeships, which are both excellent routes into our profession.
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NewsTractable chosen as US-based insurtech’s AI partner
US insurtech Root Insurance has chosen artificial intelligence (AI) company Tractable to help it streamline and develop its claims operations.
