All News articles – Page 113
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NewsRandall & Quilter Investment Holdings reports 30 percent increase in pre-tax profit
30% increase in Pre-Tax Operating Profit driven by strong growth across both business lines with the Group well positioned to capitalise on favourable market conditions Randall & Quilter Investment Holdings Ltd. (AIM-RQIH), the non-life global specialty insurance company focusing on the Program Management and Legacy Insurance businesses, announces the Group’s ...
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NewsLloyd’s announces charitable donations of £15 million in response to COVID-19
In response to the spread of COVID-19 globally, in March Lloyd’s committed to a £15m package of support for charitable organisations responding to the pandemic. To date 197 charities worldwide have received donations from Lloyd’s totalling £12 million, helping to support a wide range of organisations and ...
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NewsPay-per-part: TRUMPF and Munich Re plan new business model for the manufacturing industry
”The cooperation with TRUMPF is an outstanding example of how the combination of Munich Re Group’s various offerings – risk solutions, IoT technology and financing – makes it possible to develop innovative business models for the industry. We are convinced that such partnerships represent a forward-looking response ...
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NewsGuy Carpenter launches GC Access, a dedicated programme business unit underpinned by market-leading analytics support
Guy Carpenter announced today the launch of a new business unit GC AccessSM to provide dedicated MGA programme business solutions. GC Access offers a range of services to carriers and MGAs operating in the dynamic programme market. This includes carrier and reinsurance transactions, captive support, insurtech expertise and programme startup ...
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NewsAM Best affirms Credit Ratings of Compagnie Centrale de Réassurance
AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Compagnie Centrale de Réassurance (CCR) (Algeria). The outlook of these Credit Ratings (ratings) is stable.
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NewsBest’s Commentary: Strong brands the likely winners of UK Insurance Pricing Review
UK personal lines insurers will need to adjust their pricing models in response to the Financial Conduct Authority’s proposed remedies surrounding the pricing of policies for renewing customers, according to a new AM Best commentary.
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NewsMetromile Launches Ride Along to demystify Pay-Per-Mile car insurance
Metromile, the leading pay-per-mile car insurance company in the U.S., today announced the launch of Ride Along, a free new way for drivers to understand if their driving can result in a lower car insurance rate before they sign up. More than 124 million Americans could be overpaying for car ...
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NewsThe changing risk landscape of terrorism amid Covid-19
The Covid-19 pandemic has changed the risk landscape of terrorism. It has done this by suppressing peoples’ freedom of movement and forcing radicalisation to move online, meaning that post pandemic there could be a resurgence. This was the message of Paddy MGuinness, Pool Re member advisory committee and former UK ...
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News‘Time is ripe’ for technology transformation says Kingfisher
The broker’s group director of transformation tells Insurance Times about its newest technology partnership and how the business plans to revamp back office functionality to support both staff and customers
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NewsReuters: Britain’s biggest fund manager expands engagement on climate
Britain’s biggest asset manager plans to increase the number of companies it assesses and engages with over climate change to help to accelerate global efforts to move to a low-carbon economy, it said on Wednesday.
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NewsAgeas sells its share in UK motor and home JV to Tesco Bank
Ageas said on Wednesday it had agreed to sell its majority stake in Tesco Underwriting Ltd to joint venture partner Tesco Bank for 104 million pounds.
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NewsBest’s Commentary: LIBOR transition poses operational and legal challenges for Insurers
With less than a year and a half to go before the London Interbank Offered Rate (LIBOR) will no longer be available, several areas of concern remain, according to a new AM Best commentary. A review of AM Best-rated insurer debt, as detailed in a Best’s Commentary, titled, “LIBOR Transition ...
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NewsBlackSwan Technologies launches as the world’s first enterprise AI operating system
BlackSwan Technologies launches as the world’s first enterprise AI operating system, enabling any company to leverage the most advanced artificial intelligence for an unprecedented level of operational efficiency and data-driven decision making. Since it began offering its technology to a limited customer base earlier this year, BlackSwan Technologies has generated ...
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NewsCoreLogic estimates $0.7 to $1.2 billion in U.S. onshore losses from Hurricane Delta wind and storm surge
CoreLogic today announced residential and commercial storm surge and wind loss estimates for Hurricane Delta. According to this new data analysis, insured wind losses for residential and commercial properties in Louisiana and Texas are estimated to be between $0.5 billion and $0.9 billion. Insured storm surge losses are estimated to ...
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NewsArch Capital Group announces catastrophe loss estimates
Arch Capital Group reports that its 2020 third quarter results will be negatively impacted by a set of catastrophe events that occurred during the third quarter, including Hurricanes Isaias, Laura, and Sally, the Derecho Windstorm, California Wildfires and other minor global events.
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NewsEmployer medical benefit costs to more than triple the rate of inflation globally in 2021, Aon Survey forecasts
The costs of employer medical benefits across the world are forecasted to rise 7.2 percent in 2021, outpacing general inflation by 5.0 percent, according to the 2021 Global Medical Trend Rates Report released today by Aon plc, a leading global professional services firm providing a broad range of risk, retirement ...
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NewsRenaissanceRe announces estimated net negative impact from third quarter 2020 catastrophe events
RenaissanceRe today announced it currently estimates that losses from third quarter 2020 catastrophe events will have an estimated net negative impact of approximately $325 million on its third quarter 2020 results of operations. The estimated net negative impact is primarily driven by losses from Hurricanes Laura and Sally, as well ...
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NewsReturning to profitability is key concern for aviation insurers – Gallagher
The aviation market was already hardening, and the pandemic has caused further complications
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NewsAXIS Capital comments on third quarter 2020 financial results
AXIS Capital Holdings today announced a preliminary net loss estimate in the range of $225 million to $255 million, pre-tax ($190 million to $220 million, after-tax) for third quarter catastrophes and other events.
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NewsAttune announces new BOP Product
Attune Insurance Services today announced the launch of a new Businessowners’ Policy with Accredited Surety and Casualty Company, Inc. (“Accredited”) serving as the carrier. The Businessowners’ Policy product written on Accredited paper is backed by a panel of reinsurers led by TransRe. Attune’s new BOP+ Businessowners’ Policy adds 135 new ...
