All News articles – Page 97
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NewsCNA Hardy allegedly paid $40m to ransomware attackers
According to Bloomberg, the Chicago-based company paid hackers two weeks after CNA officials were blocked from the network and its data was stolen - this was confirmed by unnamed sources at the insurance provider.
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NewsArdonagh Group to buy insurance operations from tech firm for $500m
The Ardonagh Group has agreed to buy the insurance operations of global broker and financial technology firm BGC Partners for a cash consideration of $500m, subject to regulatory approval.
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NewsBMS launches operations in Turkey
The new company will focus on specialty lines where the team has identified opportunities, together with facultative and treaty reinsurance services, supported by the Group’s hubs in London and elsewhere.
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NewsIoT data is the risk prevention tool of the future in insurance, highlights new Geneva Association report
The report, authored by Isabelle Flückiger and Matteo Carbone, is based on interviews with over 60 insurers, technology companies, start-ups, global organisations and leading academics across all insurance business lines and geographies.
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NewsSedgwick predicts post-pandemic recall surge
Product recall events are on the rise despite ongoing operational challenges experienced by global car and OEMs
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NewsAmrae: Cyber insurers in “vicious cycle”
Claims frequency and severity grew substantially between 2019 and 2020, outpacing cyber insurance premium growth
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NewsTemporary trade credit reinsurance scheme to close
The ABI has revealed that the temporary Trade Credit Reinsurance (TCR) scheme will close on 30 June as planned.
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NewsBroker Insights eyes North American expansion as revenue doubles
Dundee-based insurtech startup, Broker Insights has set its sights on expanding to North America in 2022 as its revenue has doubled to £2.25m in the second year of trading, ending 31 January 2021.
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NewsRevealed: Who are the top ethnic minority leaders and role models in 2021?
Several insurance leaders and role models have been named in the latest 2021 Empower ethnic minority lists.
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NewsAviva’s Q1 COR in GI improves to 90.8% for 2021
Aviva’s combined operating ratio (COR) for its general insurance business in the UK, Ireland and Canada stands at 90.8% at the end of quarter one in 2021, compared to 114.2% in 2020’s quarter one – showing a 23.4 percentage point improvement.
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NewsAviva’s Colm Holmes to replace Allianz chief Jon Dye
Aviva’s chief executive of general insurance Colm Holmes is set to join rival insurer Allianz Holdings, as current chief executive Jon Dye announces he will be stepping down at the end of November 2021.
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NewsSocial engineering: Sophisticated and underinsured
Social engineering attacks are on the rise, but losses can pose a grey area where insurance is concerned
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NewsInsurers are failing to use their influence to fight climate change - ShareAction
Some commentators believe ’the insurance industry is the single most annoying part of this whole climate puzzle’
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NewsSyndicate 1856 to underwrite new business lines amid multi-line transformation
Specialist insurer, ERS has announced that Syndicate 1856 has permissions to underwrite new lines of business supporting plans to transform the syndicate into a multi-line (re)insurer.
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NewsBank of England to step up drive to encourage new insurers
Brexit has given Britain a “unique” opportunity to refashion its globally important insurance sector to attract more new entrants without undermining high regulatory standards, the Bank of England said on Tuesday.
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NewsAspen reveals new global brand identity
Aspen said its new visual identity focuses on its newly articulated vision of “a world where risks are seen as opportunities, not fears”, its mission to create “clarity from complexity”, and its promise to “provide the perspective, approach and structure required to transform risk”.
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People & OpinionProtective Life Corporation appoints Michael J. Morrissey as Board Chairman
Prior to joining the IIS, where he served as President & CEO for more than a decade, Mr. Morrissey was chairman and CEO of Firemark Investments.
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NewsWorkplace reopenings present new risks
Long COVID, differing attitudes to social distancing and reluctance to return to the workplace are among the key challenges
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NewsNew premium finance rules – what does it mean for the industry?
The FCA’s new rules for premium finance aim to do away with high interest being charged for customers that want to spread the cost of their insurance premiums over a few months.
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NewsMoroccan conglomerate Holmarcom Group acquires a majority stake in Kenya’s Monarch Insurance Company
The deal marks the latest high-profile transaction in the local insurance business that has seen the world’s biggest insurers buy into established firms with a regional presence.
