All News articles – Page 69
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NewsReinsurance Pool legislation passes in Australia
The risk pool for cyclone and cyclone-related flood will launch in just three months
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NewsSwiss Re: Natural catastrophes in 2021: the floodgates are open
In 2021, there were more than 50 severe flood events around the world, resulting in combined economic losses of more than USD 80 billion.
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NewsThe Ardonagh Group reports adjusted ebitda growth of 42.4% for 2021
The broker’s income also reached £945.8m last year
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NewsChristian Silies joins Sompo as Head of Global Marine and Energy
Sompo International announced today that Mr. Christian Silies has joined the company’s Reinsurance platform as Head of Global Marine and Energy. He will be based in Zurich and report to Mr. Christopher Donelan, CEO of Global Reinsurance.
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NewsRe/insurers face $10 billion in plane expropriation losses
Aviation underwriters are anticipating their largest annual claim from assets stranded in Russia, warns Fitch
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NewsDWIC2022: ESG: Rising to the challenge - Middle East potential
Insurers and brokers who undercut the environmental, social, and corporate governance standards (ESG) will face ‘catastrophic’ consequences, a roundtable on the topic heard.
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NewsDWIC 2022: View from the top
The insurance industry is failing to react quickly enough to the fast-evolving digital world around it.
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NewsDWIC 2022: Pandemic accelerates insurtech growth
The insurtech sector in the MENA region has enjoyed substantial growth over the past two years, in part driven by the global pandemic.
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NewsPool Re appoints new chief executive
Pool Re chief executive Julian Enoizi has stepped down from the helm after eight years, with the government-backed terrorism reinsurer welcoming Tom Clementi as its new chief executive, subject to regulatory approval.
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NewsIndustry at digitalisation crossroads post-pandemic – Allianz’s Sirma Boshnakova
The Covid-19 pandemic and the insurance industry’s response to it have worked to accelerate sector-wide digitalisation – as a result, the industry is now at a ”crossroads,” approaching the edge of a revolution according to Sirma Boshnakova, a member of the management board at Allianz SE.
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News‘No silver bullet’ for repair supply chain issues
Shocks to the global supply chain have created pressures on the availability of car repair parts as well as the lengths of time needed to provide policyholders with associated claims services.
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NewsSwiss Re debuts ‘enhanced’ oil and gas policy
Reinsurance firm Swiss Re will no longer provide individual insurance covers for the top 10% of the most carbon-intensive oil and gas producing companies from July 2023.
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NewsParametric ‘ugly duckling’ could become sector’s ‘future’
“Ugly duckling” parametric policies have the potential to evolve into the ”future of insurance,” according to Eric Schuh, chief insurance officer and chief financial officer at Element Insurance AG.
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NewsLloyd’s fines insurer over unacceptable behaviours
Lloyd’s of London has levied its biggest-ever fine of over £1m to managing agent Atrium over ’boys’ nights’ misconduct
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NewsBiodiversity risk to become material by 2024
Corporates have just two years to improve due diligence around biodiversity throughout their value chains - report
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NewsAviation sector faces losses “on a par with 9/11”
543 Boeing and Airbus aircraft will be seized by the Russian Government under new legislation
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NewsCharles Taylor InsureTech launches hub to empower industry’s value chain
Charles Taylor InsureTech has today (15 March 2022) launched a cloud-based Software as a Service (SaaS) capability proposition named InHub to enable the insurance value chain to drive better results.
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NewsBig three brokers exit Russia
Marsh, WTW and Aon have announced they will cease all business in Russia
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NewsMarsh pulls all Russian business
Intermediary business Marsh McLennan has decided to cease and exit all its businesses in Russia, following the state’s invasion of Ukraine last month (February 2022).
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NewsInsurtech UK to tap into US market with new insurance corridor
Insurtech startup trade association Insurtech UK yesterday (10 March 2022) launched an insurance corridor between the UK and Connecticut, USA.
