All News articles – Page 108
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NewsAXA records a dynamic rebound of revenues in Q3
”AXA’s strategic choices in recent years, favoring technical risks over financial risks, have positioned the Group well for the future and are confirmed by the Group’s strong performance in the context of Covid-19. The Group recorded a dynamic rebound of revenues in the third quarter, with our preferred segments, P&C ...
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NewsFCA business interruption test case appeal date set by Supreme Court
Six insurers, the FCA and the Hiscox Action Group are appealing some parts of September’s High Court ruling
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NewsArgo Group announces agreement to Sell Ariel Re to Pelican Ventures and J.C. Flowers
“Argo Group will continue to focus on specialty insurance lines of business that we expect will result in profitable growth and improved shareholder value,” Rehnberg said. “This transaction aligns with our strategy to simplify the business and streamline operations.”
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NewsSIRC 2020 opens with Deputy Prime Minister, Mr Heng Swee Keat
”Behind every crisis is an opportunity – I encourage all of you to make the best use of this conference, to brainstorm and share ideas, and work together to create a more resilient and better future for all of you.”
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NewsLondon Market sees greater influx of US casualty and property premium
There has been a big rise in US premium volumes coming into the London Market this summer, according to broker trade body the London and International Insurance Brokers Association (LIIBA).
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NewsU.S. Businesses stock up on Insurance Cover over fears of Post-Election chaos
Retailers, pharmacies, liquor stores and other merchants across the United States are gobbling up insurance that protects buildings from damage caused by societal unrest, worried about possible street violence after the U.S. presidential election, insurers and brokers told Reuters.
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NewsAon enhances its Severe Convective Storm Modeling Capabilities in collaboration with Athenium Analytics
While tropical cyclones remain the costliest peril for the insurance industry in the United States, triggering USD362 billion in insured losses since 1990, severe convective storms are a close second at USD330 billion.
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NewsThere would be significant cyber losses in the next 10 years: Christian Mumenthalerm
“I’m not predicting it, but I think it’s likely that we’re going to have some significant cyber losses in the next 10 years, at some stage. I can’t say, we can cover all cyber risks in the next 20 years,” said Mumenthaler while speaking at a fireside chat at ...
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NewsSuper Typhoon Goni slams into Philippines
“Strongest landfalling cyclone in history” devastates eastern Philippines, causing catastrophic damage to Catanduanes Island
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NewsNearly 70% of UAE drivers clueless about even basic motor insurance terms, says AXA survey
UAE drivers may know everything about their cars and car brands, but when it comes to motor insurance, the ride turns a lot less smooth.
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NewsQueensland’s Halloween hailstorms declared a catastrophe
The hailstorms struck south-east Queensland late on the 31st October causing significant damage to vehicles and property
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NewsBeware BI underinsurance
While nobody wants to pay unnecessary premiums, it is essential to be clear on policy wordings and gross profit calculations
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NewsRate rises fuel premium income growth for Hiscox
The insurer also saw no further rises in its Covid-19 claims estimate
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NewsMAPFRE’S earnings in the first nine months of the year stand at 450 million euros (-2.7 percent)
The evolution of key economic figures must be considered in the context of the COVID-19 crisis, which has led to a slowdown in economic activity and brought about temporary lockdowns in most of the countries where MAPFRE operates.
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NewsEverest Re Group Reports Third Quarter 2020 Results: Net Income of $243.1 Million and 16% Growth in Gross Written Premium YOYr
Everest Re Group has reported that for the three months ended September 30, 2020, net income was $243.1 million, or $6.07 per diluted common share, compared to net income of $104.4 million, or $2.56 per diluted common share, for the three months ended September 30, 2019.
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NewsSwiss Re swings to 9-month net loss amid pandemic
This result reflects a strong performance in the third quarter, with Group net income of USD 444 million. Reinsurance increased its net premiums earned in the nine-month period, driven by improved market conditions and demand for large transactions.
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NewsBanks and insurers must comply with a new European Union law on sustainability-related disclosures from March
The EU approved the law last year to increase transparency on how banks, insurers, financial advisers and funds consider sustainability risks in their investment decisions and advice to investors.
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NewsNorthern Philippines braces for Typhoon Goni
Goni will take a similar path as of Tropical Storm Quinta (Molave), increasing the vulnerability of people affected
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NewsTractable’s AI solution to save adjusters 360,000 hours annually as insurer partner deploys it across Japan
It solves a long-standing problem in the market with the speed at which motor claims can be solved
