All News articles – Page 121
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NewsLockdown is technology’s ‘moment to shine’ says Insurercore’s founder and MD Peter Clarke
Lockdown has been technology’s “moment to shine” with Insurercore’s platform seeing an uptick in activity and witnessing one of its best weeks in August.
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NewsMCI completes management buy-out from underwriting platform Castel
Medical & Commercial International (MCI), a division of Castel Underwriting Agencies (Castel), has today completed a management buyout from the club-style MGA formation platform. MCI, a specialised casualty underwriting business, launched on the Castel MGA platform in 2015.
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NewsNew funding for Brit’s digital syndicate Ki adds ‘firepower’ to expansion plans
Brit Insurance’s digital follow-only Lloyd’s syndicate Ki has raised $500m from two backers managed by Blackstone Tactical Opportunities and Fairfax Financial Holdings Limited.
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NewsBriefing: Lloyd’s results revealed a big Covid-19 hit, but under the surface things may be looking healthier for the market
The Covid-19 pandemic forced Lloyd’s half-year COR up to a highly unprofitable 110.4%, but underneath, a disciplined approach to underwriting could be setting them up for a return to profit in 2021 By insight editor Matt Scott
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NewsZurich launches dedicated Climate Change Resilience Service
Zurich today announced the launch of its Climate Change Resilience Services to help businesses better prepare for current and future risks associated with climate change.
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NewsChina’s general insurance industry growth to slow down in 2020 due to COVID-19, says GlobalData
The China’s general insurance industry is forecast to grow by 3.8% in 2020, compared to 5.7% registered in 2019, according to GlobalData, a leading data and analytics company.
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NewsPolicyholders need to home in on balance sheets to take advantage of test case verdict
Although claims preparations can now go ‘full steam ahead’ following the publication of the High Court’s ruling, projected profits and losses must be considered for quantum purposes
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NewsClimate change and ESG transforming mining risk
Mining companies must incorporate ESG, above all climate change into their risk mitigation strategies in order to survive in the future - WTW
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NewsCOVID-19: Mid-market firms hit by social engineering
Cybercriminals targeted businesses that remained open during lockdown, making them more susceptible to cyber attack
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NewsFrance is Next For Lemonade’s European Expansion
Lemonade plans to make its new multi-risk insurance available in France by the end of 2020, but French residents can already sign up for the waitlist now. This marks the third European country to get Lemonade, following the Netherlands’ launch earlier this year, and Germany in June 2019. Upon launch, ...
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NewsLloyd’s of London backs FCA BI test case ruling
Lloyd’s of London has welcomed the FCA test case ruling as it will “bring coverage clarity for many policyholders with certain non-damage business interruption cover extensions. This is according to a statement released by Lloyd’s.
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NewsMetLife Digital Accelerator Partners with 10 Startups to Develop Financial Wellness and Engagement Solutions
MetLife announced its third annual class of startups to participate in the MetLife Digital Accelerator powered by Techstars. The Accelerator supports MetLife’s strategic approach to technology and innovation by working with external partners to simplify and create differentiated experiences for our customers.
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NewsAXA XL Unveils Comprehensive Disaster Recovery Report by Cambridge Centre for Risk Studies
AXA XL, in collaboration with the Centre for Risk Studies (“CCRS”) at Cambridge Judge Business School, has released a comprehensive report demonstrating the impact that (re)insurance has on the speed and quality of recovery following natural disasters.
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NewsZego partners with Swedish e-scooter operator ahead of UK roll out
Zego has teamed up with a Swedish e-scooter operator as the insurtech gears up to roll out its rental vehicles in the UK. Brokered by Marsh, Zego will provide insurance for the Swedish e-scooter company’s UK fleet
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NewsCII urges industry to develop an approach to pandemics to avoid further test case scenarios
The professional body says that building trust across the industry is a ‘key concern’
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NewsDARAG announces transfer of reinsurance business with Axeria Re
DARAG, a leading legacy acquirer, today announced the conclusion of the transfer of reinsurance business with the Maltese reinsurer Axeria Re – part of the April Group – and the original insurer located in France. The transfer of reinsurance business delivers economic, operational and legal effect to Axeria Re. The ...
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NewsHigh Court rules in favour of FCA for majority of Covid-related BI wording interpretations
Policyholders who had business interruption (BI) claims linked to the coronavirus pandemic but rejected by insurers have today been vindicated, as the High Court has ruled in favour of the FCA’s interpretation of non-damage BI policy wordings across the majority of key contention areas.
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NewsInsurance lines in UK need to adapt as remote working is here to stay, says GlobalData
More than two thirds of small and mid-size enterprises (SMEs) in the UK expect that remote-working levels will be higher than before the COVID-19 period, which will have lasting consequences on the insurance industry.
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NewsInsurance industry must find ‘right’ capital management strategy to navigate losses
The insurance industry must find the “right” capital management strategy to navigate losses. One driver for this is social inflation, however the change in legal environment, different mindsets in juries, third party claims and medical advancements have all made claims increase.
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NewsCatalina appoints new CEOs to Swiss and Bermudian subsidiaries
Catalina Holdings (Bermuda) Ltd announces the appointment of Claudia Ingenhoven as CEO of Glacier Re, Catalina’s Swiss subsidiary, effective from 19th August 2020, and Sarah Ruberry as CEO of Catalina General, Catalina’s flagship Bermuda-based reinsurer, effective from early November. Claudia most recently served as Chief Financial Officer of iptiQ EMEA ...
