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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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Reuters: 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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Munich 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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WEF 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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China port restrictions spells further supply chain disruption
A week’s delay of essential trade at Ningbo could impact $4 billion worth trade, warns Russell Group
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Ransomware will continue to evolve in 2022
After a year of unprecedented ransomware attacks, Beazley’s Raf Sanchez warns the worst is yet to come
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Nick King joins Miller to lead Marine expansion in Singapore
King joins from Howden Specialty Asia Pacific where he was most recently a Divisional Director. Prior to that he held positions at JLT Re and Aon Singapore.
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Brit appoints chief technology officer from Swiss Re insurtech startup
(Re)insurance business Brit has appointed Bilge Mert as its new chief technology officer, to help the firm deliver a data driven and technology empowered platform for underwriting, claims and operations.
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Tarian Underwriting sold to US cyber insurtech
Insurance investor Beat Capital Partners (Beat) has today (4 January 2022) announced the sale of cyber insurance specialist Tarian Underwriting to artificial intelligence driven commercial insurance provider Corvus Insurance.
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Standard risk management failing to address systemic threats
Joined-up thinking across government and academia is needed to deal with complex environmental risks, finds study
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D&O risks in 2022 defined by COVID and diversity
Brokers have flagged emerging D&O risks, including COVID liabilities and ESG considerations
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Ardonagh to buy ‘perfect match’ Lloyd’s broker
Ardonagh has found the ‘perfect match’ with the acquisition of Portuguese Lloyd’s broker MDS. The Porto-based broker also has offices in Angola, Mozambique, Spain, and Malta.
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Pandemic triggers explosion of digital insurance customers - research
Research from SAS revealed that around eight million people started using a digital service or mobile app for the first time due to the pandemic.
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Lloyd’s honours architect of iconic building
Lloyd’s has honoured building architect Richard Rogers, 88, who died recently.
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Concert launches E&S carrier
Concert Group Holdings Inc, the newly formed business dedicated to insurance fronting that is led by Bermudian insurance executive Jonathan Reiss, has formed Concert Specialty Insurance Company, an excess and surplus lines carrier domiciled in Montana.
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The Royal Gazette: Lloyd’s boss says no need to fear global tax deal
Bermudians need not fear the future for its insurance markets in the face of the global tax initiative, said the man heading the transformation of Lloyd’s of London.
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SCOR supports a zero-emission future for the shipping industry
SCOR has become a founding signatory of the Poseidon Principles for Marine Insurance, a new framework that aligns insurers’ underwriting portfolios with the goal of decarbonizing international shipping by 2050.
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Europe 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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Storm 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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Insolvencies, 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
