All News articles – Page 75
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NewsHannover Re Q3 GWP 14% Combined Ratio 97.9%
Hannover Re increased its Group net income in the first nine months of the financial year by 28% and considers itself still in position to achieve the profit target set for the current financial year despite considerable major loss expenditure incurred in the third quarter.
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NewsAIG profit beats Wall St estimates on general insurance boost
AIG exceeded market estimates for quarterly profit on Thursday as its general insurance business faced fewer natural catastrophe and COVID-19 pandemic-related claims.
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NewsChina – a cyber powerhouse?
It is clear that China has stepped up its cyber espionage capabilities, but what is its aim?
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NewsCOP26 "must be a turning point" - UN
As the World Leaders Summit gets underway in Glasgow, WMO warns the past seven years were the hottest on record
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NewsQIC Group nine-month net profit jumps 491% to QR511m
Qatar Insurance Company (QIC), has reported a net profit of QR511m for the first nine months of this year witnessing a 491 percent rise compared to the same period in 2020.
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NewsGDP an “unsustainable” measure of growth
Global wealth has grown overall, but at the expense of future sustainability and by exacerbating inequalities, warns World Bank
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NewsLloyd’s joins Net Zero Insurance Alliance
Corporation has committed to transition all of its operational and attributable greenhouse gas emissions to net-zero by 2050 at the latest
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NewsLeaders from World Alliance of International Financial Centers convene in Dubai for the first time at DIFC
Arif Amiri, CEO of DIFC Authority, commented: “DIFC is delighted to be hosting the World Alliance of International Financial Centers’ Annual General Meeting. It is the first time leaders from financial centers across the globe have chosen to convene in Dubai.
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NewsLessons in compliance from the Pandora Papers leak
The latest leak has opened up a “Pandora’s Box” of issues. How should compliance teams respond?
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NewsLarge protests to disrupt Glasgow during COP26
While most will pass peacefully, there is the potential for mass disruption and an underlying threat of violence, warns Dragonfly
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NewsPing An Insurance sees 31.2% profit drop on shrinking returns, premium income
Ping An Insurance Group posted a 31.2% fall in third-quarter net profit on Wednesday as its premium income shrank on a weak economy and profit was dented by losses on investment assets.
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NewsInsurers’ biggest threats are crime, regulation and technology – PWC
Crime, regulation and technology are the three biggest concerns for insurers worldwide, according to new research by professional services firm PricewaterhouseCoopers (PWC).
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NewsGlobal commercial insurance prices up 15% in Q3 2021 - Marsh
Global commercial insurance prices climbed 15% in the third quarter of 2021, according to the Global Insurance Market Index released by Marsh today (26 October 2021).
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NewsInsurtech investment surpasses $10bn in Q3 – Willis Towers Watson
Insurtech investment surpassed $10bn in the third quarter of 2021 according to Willis Towers Watson’s (WTW) latest Quarterly Insurtech Briefing published today (27 October 2021).
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NewsS.African insurer Santam loses appeal in coronavirus case with hotelier
South Africa’s Supreme Court of Appeal has ruled Santam (SNTJ.J) is liable to cover the impact of COVID-19 restrictions on hotel group Ma-Afrika for 18 months, rejecting the insurer’s request for a shorter time frame on the claim, Santam said on Thursday. Globally, firms like Ma-Afrika have been fighting insurers’ ...
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NewsReuters: Tension over Beirut blast probe nudges Lebanon into new crisis
More than a year since the explosion ripped through Beirut, killing more than 200 people, Judge Tarek Bitar’s efforts to hold senior officials to account for suspected negligence are facing mounting political pushback.
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NewsLloyd’s Insurance Company appoints new UK branch leadership
Lloyd’s Insurance Company SA (LIC), also known as Lloyd’s Europe, has appointed Mark Cooper as head of its UK branch, effective from 1 November 2021, subject to regulatory approval.
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NewsArrow Risk Management launches new MGA underwriting platform
Arrow Risk Management (Arrow Risk) has launched a new MGA underwriting platform, led by Jon Godfray as chief executive and Mark Harrington as chief underwriting officer.
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NewsInsurers face climate challenges from all sides amid fossil fuel dilemma
With less than a month before world leaders head to Glasgow for the 2021 United Nations Climate Change Conference, also known as COP26, the insurance industry remains in the crosshairs of activists who are demanding more from the sector.
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NewsSwiss Re estimates Hurricane Ida claims at USD 750 million
Swiss Re estimated its preliminary claims burden from Hurricane Ida at approximately USD 750 million[1]. On an industry level, Swiss Re estimated total insured market losses to be in the range of USD 28–30 billion[2].
