All News articles – Page 120
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NewsDeutsche Rückversicherung to start writing business in the Middle East
The reinsurer has appointed Tarik Aouad as Head of Middle Eastern Markets, reporting to Board member Achim Bosch and based in Düsseldorf, Germany, effective from 15 April 2020. The newly created market segment will focus on traditional property and casualty reinsurance business.
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NewsBusiness interruption battles could cut demand for insurance, UK regulator says
Disputes over whether pandemic-related claims are covered by business interruption insurance could hurt demand for insurance protection more broadly, according to a U.K. regulator.
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NewsA fifth of countries worldwide at risk from ecosystem collapse
A fifth of countries worldwide at risk from ecosystem collapse as biodiversity declines, reveals pioneering Swiss Re index
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NewsInperio signs new multi-year deal with specialist underwriter
MGA Inperio has signed a new multi-year deal with European programme underwriter – Accredited Insurance (Europe) Limited (AIEL). The deal will bring capacity to solicitors and Independent Financial Advisors (IFA).
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NewsSpecialist broker Flock selected as Biba drone scheme provider
Specialist broker Flock has been appointed as the British Insurance Brokers’ Association’s (Biba) newest drone scheme provider for its members. Underwritten by aviation underwriters, the scheme allows Biba members to easily access cover for small businesses as well as global operators and large fleets.
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NewsHowden to buy A-Plan Group as it aims to expand its retail broking reach
Howden is snapping up A-Plan Group, which, if approved, would create a broking business managing more than £4bn in GWP. Howden, which is part of the employee-owned Hyperion Group is aiming to expand its retail distribution and specialist product offering via the acquisiton, which will also encompass Endsleigh.
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NewsFSCS urges customers to ask key questions before switching insurers
The Financial Services Compensations Scheme (FSCS) is urging customers to ask questions before switching insurers. It has put together a list of key questions that customers can ask before they make the switch.
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NewsAXA XL launches custom-built insurance for new class of construction business - Highly Protected Projects
AXA XL’s North America Construction insurance business is building tailored insurance programs and services for construction projects that qualify as a “Highly Protected Project” (HPP) because of their implementation of technologies designed to reduce project risk.
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NewsZurich to sponsor reforestation in Brazil’s Atlantic Forest
Exclusive reforestation sponsorship will help to restore biodiversity by planting 1 million trees, including one for each employee.
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NewsBest’s Market Segment Report: MENA Reinsurers Strive to Adapt to Testing Conditions
Regional reinsurers operating in the Middle East and North Africa (MENA) are no strangers to challenging operating conditions. In recent years, the region’s reinsurance market has been characterised by competitive pricing pressures, overcapacity and increased incidence of large losses.
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NewsInsurers Passing the test on Claims, but UK Consumers remain sceptical about Insurance Industry
Guidewire has published results of research that shows that consumers are cautious about insurers’ attempts to interact with them through new services and the use of new technology.
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NewsFCA warns on premium financing in pricing crackdown proposals
Regulator is concerned that customers may not be treated fairly on premium financing and warns providers could be in breach of law
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NewsInsurance firms will be forced to end price walking as FCA reveals rip-off remedies
Firms will be forced to offer the same price for insurance products at renewal as they do for new business, the FCA said in its final report on pricing practices released today. The proposed remedy aims to end the practise of so-called ‘price walking’, where customers - particularly in retail ...
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NewsData subject insurance claims are ‘sting in the tail’ for corporate cyber breach victims
Data subject claims – made by individuals whose data has been compromised following a corporate insured experiencing a data breach – is “effectively becoming the new PPI”, often acting as a “sting in the tail” for organisations attempting to recover after a cyber attack.
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NewsD&I plays “crucial role” in business resilience - survey
Mental health, gender equality, flexible working patterns and culture & ethnicity ranked the top issues to address within risk and insurance - Dive In
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NewsThird Point Reinsurance Announces Partnership with New Bermuda-based MGA
Third Point Re today announced an investment in Arcadian Risk, a start-up led by John Boylan, a well-known industry executive with a 30-year track record in the global insurance market. Third Point Re will own a minority stake in the newly-formed company.
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NewsMore than a third of SMEs are interested in pandemic-related insurance
More than a third (38.4%) of UK-based small and medium-sized enterprises (SMEs) are interested in buying insurance that protects them from the potential losses associated with a pandemic, according to research from analytics firm GlobalData.
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NewsRegulator’s ‘culture shift’ forces firms to place greater emphasis on vulnerable customers
The FCA’s “culture shift” to focus on good customer outcomes has had a domino effect within the insurance sector, placing greater emphasis on vulnerable customers and how insurance products work when making a claim rather than the regulator concentrating solely on pricing.
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NewsBlog: Insurance innovation race raises speed versus sustainability questions
André Symes, managing director of international and chief growth officer at Genasys, explores whether insurance product quality and long-term sustainability is being sacrificed for faster turnaround speeds on sector innovations
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NewsLaw firm considers legal action against 12 insurers following BI test case result
Law firm Mishcon de Reya is considering expanding its group action by launching legal proceedings against 12 insurers following the verdict last week on the FCA’s test case – the law firm believes that ‘resilience’ policy wordings used within some non-damage business interruption (BI) clauses should be paying out on ...
