All News articles – Page 125
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NewsAXIS Partners With New MGA AllDigital Specialty to Launch Online Platform for Small Business Management Liability Market
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS), and AllDigital Specialty, a de novo MGA, today announced a partnership to develop and launch a new insurance platform designed to address the service void in the U.S. small private company management liability market. AllDigital ...
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NewsData leaks surge almost 500% during pandemic
12 billion records were exposed in the first half of 2020. More than the total number of records leaked during the whole of 2019
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NewsChief ‘flexibility’ officer: COVID-19 forcing CFOs to become ‘change agents’ and ‘strategists’
According to a recent survey by Grant Thornton LLP, COVID-19 has forced chief financial officers (CFOs) to become “change agents” and “strategists” — while still overseeing their day-to-day finance responsibilities.
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NewsMonument Re Acquires LCL International Life Assurance Company and Isle of Man Operations From Charles Taylor Group
Monument Re announced today that, subject to regulatory approval, it has agreed to acquire Charles Taylor Group’s Isle of Man operations, which principally comprises its life insurance company, LCL International Life Assurance Company Limited and Charles Taylor Holdings (IOM) Limited. Financial terms of the transaction were not disclosed.
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NewsICA launches BI test case in NSW Supreme Court
Outcome will be used to determine complaints arising from COVID-19 related business interruption claims
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NewsWillis Research Network partners with Metabiota to expand pandemic risk expertise
The partnership will leverage Metabiota’s epidemiological data analytics capabilities to improve understanding of pandemic risk, build better pandemic risk models, and support mitigation and risk transfer decision making for increased resilience.
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NewsNational Health Insurance Company, Daman’s Hamad Al Mehyas elevated to CEO
The National Health Insurance Company, Daman’s board of directors has announced the confirmation of Hamad Al Mehyas as the company’s Chief Executive Officer
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NewsOrigami Risk and LineSlip Join Forces to Help Risk Managers Track, Manage and Renew Worldwide Insurance Programmes
Origami Risk LLC and LineSlip Solutions, Inc. today announced they have formed an exclusive relationship that will enable Origami’s clients to readily access the critical information they need to manage their insurance programmes worldwide and effectively negotiate their commercial insurance coverages and renewals, even as market conditions evolve.
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News1 In 4 Gen Z Employees Have Sought Mental Health Help Since Beginning of Pandemic
New MetLife report finds virtual fatigue, financial stressors and stigmas around getting employer-offered help as top reasons employees – younger workers, especially – are struggling with mental health
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NewsZurich partners with By Miles on five-year usage-based insurance proposition
The insurer has entered a five-year agreement for a usage-based insurance model with By Miles after observing a shift in consumers driving patterns during the pandemic and as lockdown unwinds.
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NewsSompo Global Risk, Marsh & McLennan Launch Commercial Real Estate Market Product
Marsh & McLennan Agency LLC (MMA) and Sompo Global Risk Solutions (GRS) have launched a new customizable insurance product designed to help commercial real estate owners control costs, streamline policy administration and address potential gaps in coverage.
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NewsARIG: Cessation of activities
The Extraordinary General Meeting (EGM) of Arab Insurance Group (ARIG), held on 13 August 2020, approved the decision of the Board of Directors to cease the company’s reinsurance activities.
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NewsTesla is to expand its insurance business in to China
Tesla is gradually starting to expand its insurance business outside of California — starting with a new business unit in China. Last year, Tesla launched its own insurance program, starting with availability in California, where the automaker claims up to 30% cheaper premiums than the competition. It’s Tesla’s second entry ...
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NewsChina’s economic recovery makes it attractive but presents challenges to foreign insurers, says GlobalData
China has emerged as the first country globally to post positive economic growth during the COVID-19 pandemic. The country is also expected to witness continued expansion of life and non-life insurance making it an attractive market for foreign insurers.
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NewsInsurtech deals drop by 80% globally but Lloyd’s Lab still innovating
The total value of global startups and deals plummeted by 80% in 2020. However, Lloyd’s Lab demonstrates hope that there is still innovation in the sector, with the fifth insurtech cohort focusing on pandemic solutions for the insurance industry.
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NewsTeladoc’s $18.5B deal with Livongo may spur more digital health M&A
Teladoc Health Inc.’s $18.5 billion merger with Livongo Health Inc. is likely to spark further M&A activity in virtual care and telemedicine as the coronavirus pandemic continues to push patients and providers online.
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NewsJackson/Athene reinsurance deal weighs heavily on US life industry net premiums
Economic and operational challenges from COVID-19 did not represent the lone extraordinary item encountered by the U.S. life insurance industry in the second quarter. Statutory results for the period will also reflect the significant effects of a reinsurance agreement between Jackson National Life Insurance Co. and Athene Holding Ltd.’s Athene ...
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NewsInsurtech MGA Equipsme oversubscribed in crowdfunding during pandemic
The insurtech decided to crowdfund as it wanted control over its own destiny during the pandemic, and it has been oversubscribed in its crowdfunding and seen a surge in customers since March
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NewsAon urges the re/insurance industry to bring capital closer to clients’ needs as the firm launches its Virtual Reinsurance Renewal Season
Aon today launches its Virtual Reinsurance Renewal season, calling for the re/insurance industry to collaborate to bring capital closer to clients’ needs and drive growth across the global insurance ecosystem.
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NewsAllianz Benelux and Monument Re Announce Closed Book Portfolio Transaction
Allianz Benelux (Belgium) and Monument Re have agreed today to transfer a closed book of classical life retail insurances together with 4.500 mortgage loans to Monument Assurance Belgium (MAB) and to transfer the related operations within 18 months after regulatory approvals.
