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NewsUK regulators approve Lloyd’s multi Insurance Special Purpose Vehicle for new capital
The approval is a key milestone for the Future at Lloyd’s strategy, which aims to create an insurance market that attracts new forms of capital.
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Supreme Court dismisses insurers’ appeals in BI test case ruling
Around 370,000 policyholders are set to benefit from the judgment
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Allianz announces medium-term green targets for some investments
It is the first time that Allianz, which is also one of the world’s largest investors, has announced interim targets.
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Marine insurers primed to raise rates after Red Sea attacks
Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series of incidents that have hit vessels around Saudi Arabian waters, industry sources said.
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RenaissanceRe announces estimated net negative impact on Q4 2020
For the fourth quarter of 2020, the Company expects to report net income available to common shareholders; however, it expects to report an operating loss attributable to common shareholders.
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Control Risks: “Don’t miss the rebound”
Long COVID, patchy vaccine rollouts, emerging digital threats, climate change and the US China relationship are Top 5 risks for 2021
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Specialist Risk Group buys construction sector MGA
Chief executive Downey says ‘developing a market leading MGA capability is a central element of our strategy’ for 2021
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Briefing: FCA reveals anxiety over firms’ financial resilience, but is its heart in the right place?
Despite unveiling a ‘stark’ financial picture of Covid-hit brokers and intermediaries, helping firms stay in business does not seem to be the regulator’s number one priority
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Reuters: Zurich Insurance stresses compliance, declines comment on Nord Stream 2
Zurich Insurance Group emphasised its compliance standards on Wednesday while declining to comment specifically on the Russia-led Nord Stream 2 gas pipeline project.
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Service to measure cyber ‘human error’ risk
The Workforce Cyber Culture Assessment assesses people risk and the impact of business culture in a cyber context
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AXA XL appoints Central US Zonal Marine Product Leader
AXA XL’s US marine team announced the addition of Brett Musser as the Central US Zonal Marine Product Leader
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Allianz begins eight-year worldwide Olympic & Paralympic partnership
Allianz has officially begun its eight-year worldwide partnership with the Olympic Paralympic Movements, building on a collaboration with the Paralympic Movement since 2006.
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Gallagher buys Bollington Wilson
International broking firm Gallagher has kicked off the first major M A activity of the year
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New Dawn Risk’s UK division to serve ‘clear demand’ for big broker alternatives
During these challenging times, there has been a demand in the UK market for alternatives to big brokers that still have the expertise to help businesses
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Trust in travel insurers drops due to Covid-19 pandemic
Meanwhile motor claims reduced by 48% in Q2 2020
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Commission cuts are too hard to absorb for UAE’s insurance brokers
This might be good for the insured person and beneficiaries, but could force most brokers to go out of business.
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S&P: Jan. 1 renewals yield mixed results for reinsurers, buyers
Price increases at the Jan. 1 renewals were lower than what reinsurers were pushing for, but still represented an improvement from previous years while still being affordable for buyers, according to market participants.
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Canopius Re gains Class 4 Licence
anopius Re’s status as a Class 4 company will considerably add to Canopius’s Bermuda operations
