All News articles – Page 104
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Qataris back £600m Lloyd’s insurance vehicle Inigo
A group of global investors including Qatar’s main sovereign wealth fund are in advanced talks to back a new Lloyd’s of London vehicle which will be among the largest British insurers to be launched in the last decade.
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Swiss Re confirms targets as it grapples with pandemic
The reinsurer has swung to a loss in the first nine months of 2020 as it and competitors faced large claims from the pandemic as well losses from hurricanes and wildfires in the United States.
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MPs to buttress post-Brexit Britain as a financial centre
Britain’s lawmakers launched an inquiry on Friday aimed at ensuring its financial services remain globally competitive after the country’s full departure from the European Union next month.
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Over half of insurance staff want to remain home working post pandemic - KPMG
Financial services employees under the age of 30 are the most keen to continue working from home on a permanent basis
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Lloyd’s pandemic losses worse than predicted, says chairman Carnegie-Brown
The insurance market previous estimated losses would be around the $107bn mark, but has revised that figure upwards
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ComparetheMarket slapped with fine for breaking competition rules
Price comparison site ComparetheMarket imposed ‘most favoured nation’ clauses on its home insurance contracts over a two-year period
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‘The biggest risk for insurers is reputation’ says Aviva’s Blanc
The insurer boss adds that the industry’s reputational damage arising from the business interruption test case has left her feeling ‘very sad’ and that the industry needs to ‘not shoot ourselves in the foot as much as we do’
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Automated underwriting is a ‘huge opportunity’ for the insurance industry – Ki
Algorithmic underwriting, also known as automated underwriting, is a huge opportunity for the insurance market.
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RSA accepts takeover offer
RSA has formally accepted the takeover offer of £7.2bn from two overseas insurers – Canadian insurer, Intact Financial Corporation and Scandanavian insurer Tryg.
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Briefing: ComparetheMarket’s shameful abuse of power
Competition watchdog’s report into ComparetheMarket offers a damning verdict on a company abusing its power
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Covid-19 pandemic accelerates ‘slow burn of digitalisation’ in insurance by tapping data
In a recent webinar, BGC’s managing director discussed how data can change the insurance industry
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Ardonagh grows adjusted EBITDA by 14.4% in first nine months of 2020
Group chief executive adds that the broker has a ‘strong trajectory into the final quarter of 2020’
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Argo Group and ACORD Solutions Group partner to enable automated data extraction and processing of insurance documents
ACORD Data Standards are widely used throughout the insurance industry, accounting for half of global gross written premium.
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QIC Group appoints new CEO for Oman Qatar Insurance Company to drive forward strategic developments
This step comes in line with QIC Group’s consistent strategic approach that aims to focus on identifying local talent and empowering them to spearhead key developments within the QIC Group
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QBE joins the UN-Convened Net-Zero Asset Owner Alliance
The UN-convened Net-Zero Asset Owner Alliance is an international group of institutional investors who are committed to transitioning their investment portfolios to net-zero greenhouse gas emissions by 2050.
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Electric vehicle prices are main barrier to PM’s green ambitions
Insurer LV= advocates the use of ‘fiscal incentives’ to encourage drivers to switch to electric vehicles
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MetLife Foundation provides $4 million in grants to support ongoing covid-19 relief efforts
“The pandemic has compounded housing and food insecurity in our communities and continues to have an outsized impact on small businesses,” said Mike Zarcone, head of Corporate Affairs and Sustainability for MetLife and Chairman of MetLife Foundation.
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PartnerRe reports third quarter and nine month 2020 Results
PartnerRe today reported net income available to common shareholder of $206 million for the third quarter of 2020
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Crawford and Company actively seek ‘bolt-on’ acquisitions
Its overall aim is to create long-term value for its shareholders