All News articles – Page 96
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NewsAIG profit beats Wall St estimates on general insurance boost
AIG exceeded market estimates for quarterly profit on Thursday as its general insurance business faced fewer natural catastrophe and COVID-19 pandemic-related claims.
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NewsWillis Re takeover ‘on track’ – Gallagher
Broker Gallagher’s takeover of Willis Re is “on track”, according to its third quarter financial results published yesterday (28 October 2021).
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NewsChina – a cyber powerhouse?
It is clear that China has stepped up its cyber espionage capabilities, but what is its aim?
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NewsAllianz appoints new approved repairer network to focus on green parts and EVs
Insurer Allianz has appointed a new approved repairer network (ARN), effective today (1 November 2021), focusing on bodyshops that can fix electric vehicles (EVs), recalibrate advanced driver assistance systems (ADAS) and offer green parts.
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NewsAxa extends oil and gas exclusions in fight against climate change
Axa has extended its oil and gas exclusions to help fight climate change and support the transition towards a low carbon economy.
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NewsCOP26 "must be a turning point" - UN
As the World Leaders Summit gets underway in Glasgow, WMO warns the past seven years were the hottest on record
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NewsGallagher’s net earnings up 22% in Q3 results as M&A ‘remains buoyant’
Broker Gallagher has reported that its net earnings are up by 22% in the three months to 30 September 2021, as published in its third quarter financial results released yesterday (28 October 2021).
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NewsQIC Group nine-month net profit jumps 491% to QR511m
Qatar Insurance Company (QIC), has reported a net profit of QR511m for the first nine months of this year witnessing a 491 percent rise compared to the same period in 2020.
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NewsExor and Covéa sign Memorandum of Understanding for the sale of PartnerRe for $9 billion
The acquisition of PartnerRe is fully consistent with Covéa’s long-term strategy to anticipate the evolution of the global insurance environment through international growth and through the diversification of products, risks and geographies.
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NewsGDP an “unsustainable” measure of growth
Global wealth has grown overall, but at the expense of future sustainability and by exacerbating inequalities, warns World Bank
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NewsLloyd’s joins Net Zero Insurance Alliance
Corporation has committed to transition all of its operational and attributable greenhouse gas emissions to net-zero by 2050 at the latest
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NewsLeaders from World Alliance of International Financial Centers convene in Dubai for the first time at DIFC
Arif Amiri, CEO of DIFC Authority, commented: “DIFC is delighted to be hosting the World Alliance of International Financial Centers’ Annual General Meeting. It is the first time leaders from financial centers across the globe have chosen to convene in Dubai.
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NewsLessons in compliance from the Pandora Papers leak
The latest leak has opened up a “Pandora’s Box” of issues. How should compliance teams respond?
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NewsLarge protests to disrupt Glasgow during COP26
While most will pass peacefully, there is the potential for mass disruption and an underlying threat of violence, warns Dragonfly
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NewsPing An Insurance sees 31.2% profit drop on shrinking returns, premium income
Ping An Insurance Group posted a 31.2% fall in third-quarter net profit on Wednesday as its premium income shrank on a weak economy and profit was dented by losses on investment assets.
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People & OpinionVesttoo Appoints Jacques Aigrain, Former CEO of Swiss Re, as Chairman of the Advisory Board
Mr. Aigrain brings nearly 30 years of leadership experience in insurance, reinsurance and capital markets, including previous roles such as CEO of Swiss Re, senior financial advisor at Warburg Pincus LLC and leadership roles at JP Morgan in New York, London and Paris.
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NewsInsurers’ biggest threats are crime, regulation and technology – PWC
Crime, regulation and technology are the three biggest concerns for insurers worldwide, according to new research by professional services firm PricewaterhouseCoopers (PWC).
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NewsGlobal commercial insurance prices up 15% in Q3 2021 - Marsh
Global commercial insurance prices climbed 15% in the third quarter of 2021, according to the Global Insurance Market Index released by Marsh today (26 October 2021).
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NewsInsurtech investment surpasses $10bn in Q3 – Willis Towers Watson
Insurtech investment surpassed $10bn in the third quarter of 2021 according to Willis Towers Watson’s (WTW) latest Quarterly Insurtech Briefing published today (27 October 2021).
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NewsCAT to the rescue: Govts, insurers must issue cat bonds for citizens’ financial protection from weather events
What it means for Indians, rich or middle class or poor, is that with cat bonds both insurers and governments will have more financial heft to insure better off citizens or aid poorer citizens.
