All News articles – Page 38
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NewsContinued pressure expected on UK personal lines - Moody’s
Lingering effects of low pricing and underestimated claims inflation last year will continue to affect UK retail insurers, according to rating agency Moody’s.
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NewsEnergy storage market has invisible cyber risks – Aon
The broker warned that a lack of robust cyber-security for critical operational technologies may be a weakness for battery storage risks being underwritten.
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NewsBanking contagion risk limited for European insurers – Moody’s
Rating agency Moody’s sees little immediate threat to European insurers from recent banking turmoil.
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NewsEconomic and cyber risks lead global D&O priorities – WTW, Clyde & Co
Data losses and ransomware are top legal concerns for company directors, according to WTW and Clyde & Co’s Directors’ and Officers’ Liability Survey Report 2023.
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NewsHowden war chest reaches £1bn with new investment
The London market broker has raised more than £875m from debt and equity to spend on “M&A, new initiatives and talent”.
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NewsFirst quarter nat cat economic loss the highest in 12 years – Gallagher Re
Reinsurance broker Gallagher Re said its estimate of $22bn in insured natural catastrophe losses for the quarter showcase “a significant protection gap”.
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NewsHannover Re quits Net Zero Insurance Alliance
Hannover Re is the third major re/insurer to leave the global climate alliance, after Zurich and Munich Re also recently left.
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NewsElectronic placement at Lloyd’s: What does good look like?
Data, data, everywhere - Peter Smyth, vice president of PlacingHub developer Ebix Europe, shines the spotlight on the data-driven approach, swift onboarding, and API-first strategy that are now essential elements of successful London market electronic placement platforms
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NewsPolitical risk is now everyone’s risk – WTW
Nine in ten companies suffered a political risk loss in the past year, according to a WTW report.
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Capital market volatility dented reinsurers’ 2022 results – Aon
Aon’s Reinsurance Aggregate finds reinsurers’ net income dipped by more than half last year, producing an average return on equity of 5.2%.
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NewsOpinion: Lloyd’s NHS plan flies in the face of rising exposure fears
You would be forgiven for thinking the last thing the industry would do is seek to increase its exposure to a future pandemic
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NewsEnergy profits fragile and polarised despite rates firming – WTW
Willis Towers Watson Energy Market Review concluded pricing is likely to remain firm, but renewables represent risk management uncertainty, offshore construction is unprofitable, and upstream energy’s profitability could be broken by a single mid-sized loss event.
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NewsThree factors keeping global non-life reinsurance outlook stable – AM Best
Positive pricing momentum leads the list of reasons why rating agency AM Best has maintained a positive view on the non-life reinsurance sector globally.
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NewsMoody’s: autonomous vehicles to drive auto insurance transformation
Intelligent technologies will transform the automotive landscape over the coming decades, according to rating agency Moody’s.
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NewsPolitical violence hotspots are matching nat cat losses – Howden Tiger
A political violence report from Howden Tiger warns that insured losses from strikes, riots and civil commotion in certain hot spot territories now comparable to major natural disasters.
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NewsAI: the game changer for reinsurance profitability and efficiency
Article by Heather Wilson, CEO, CLARA Analytics
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NewsPremiums up 12% last year – Gallagher Re
AIG reported the biggest improvement to underwriting profit in 2022’s fourth quarter, while Hannover Re dipped to an unprofitable combined ratio – the only reinsurer to do so.
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Aon suggests stability in rates in its reinsurance market report
The broker’s Reinsurance Market Dynamics report for April renewals points to signs of stability, after several torrid renewals for its reinsurance-buying clients.
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NewsMerger claims are on the rise, warns Howden M&A
Notification rates are expected to rise amid a challenging economic backdrop, according to the reinsurance broker’s latest M&A claims report
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NewsReinsurance pricing adding to UK non-life negative ratings outlook
Rating agency AM Best has maintained its negative view of UK non-life insurance, blaming a mix of macro factors, but also the continued hard market for reinsurance pricing
