All News articles – Page 77
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NewsInsurer M&A dips in 1H 2021 - Clyde & Co
UK leads consolidation activity in Europe and is second most active worldwide behind the US, ahead of Spain and Germany
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NewsInsurers must attract talent from outside the industry
Sector must work harder to engage talent with a focus on ‘future gazing’ and a more digitised era
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NewsInsurers lack ‘meaningful change’ around D&I
The Dive In 2021 festival will reveal a ‘big pool of talent that people don’t realise they are not tapping’, explains sister title Insurance Times
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NewsCOVID prompts supply chain ‘overhaul’
Automotive industry has taken the strongest hit as a result of production stoppages and trade restrictions - EIU
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NewsPort closure signals further strain for global trade
Partial closure at China’s Port Ningbo adds to global supply chain woes, threatening $172 billion of goods - Russell Group
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NewsThe reinvention of supply chains
Near shoring and technology will shape the post-COVID supply chain, thinks AXA XL’s Pascal Matthey
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NewsChinese insurers endure costliest-ever nat cat
The total economic cost of flooding in China in July has been estimated at nearly $25 billion - Impact Forecasting
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NewsFuture proofing airports
There are clear risks and opportunities as airports repurpose for a post-COVID world
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NewsRisks as Taliban retakes Afghanistan
The “largest foreign policy failure since the Suez Canal crisis” will cause deterioration in security - Dragonfly
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NewsInsurer AIA posts jump in first-half new business value, raises dividend
The Asia-focused insurer’s value of new business (VONB), which measures expected profit from new premiums and is a gauge for future growth, rose by 22% to $1.81 billion in the January-to-June period.
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NewsBahrain Kuwait Insurance achieves 19.4% gross premium revenue growth
BKIC’s chief executive Dr Abdulla Sultan said: “The company’s consolidated results at the end of the first half of this year were encouraging even compared to the performance in the first half of last year. The company continues to become even more conservative in its provisioning, preparing for the evolution ...
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NewsSaudi Re posts 89% growth in H1-21 profits
Earnings per share increased to SAR 0.33 in the first half (H1) of 2021 from SAR 0.14 in H1-20, according to a bourse disclosure on Monday.
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NewsNigerian startup, Chekkit suspends operations in Afghanistan following unrest
With its blockchain technology, Chekkit has an existing partnership with blockchain partner, Fantom Foundation who made was working with the Ministry of Health in Afghanistan to help the country with its pharma product counterfeiting problem.
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NewsHaiti earthquake caused $250mn of insured losses, says KCC
However, with insurable, or economic, losses estimated at around $1.7 billion, only around 14.7% of the overall cost of the quake will be covered by insurance, KCC says, highlighting the extent of the protection gap in the country.
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NewsWillis Towers Watson selects Carl Hess as President and Future CEO
Hess began his career at the company in 1989 and has held diverse leadership positions spanning business segment and geography roles.
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NewsGhost broking continues to be a ‘substantial problem’ for the industry
Financial hardship and a large influx of new drivers getting set to pass their tests will provide “fertile ground” for ghost broker scammers, the Insurance Fraud Bureau (IFB) expects.
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NewsZurich believes it has been ‘been at the forefront’ of tackling BI claims backlog
Insurer Zurich believes it has been “at the forefront” of dealing with the backlog of Covid-linked business interruption (BI) claims following the Supreme Court’s January ruling, working “very proactively with customers and brokers”, according to Tim Bailey, UK chief executive of Zurich Insurance.
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NewsAxa to sell Singapore business to HSBC
Axa has agreed to sell Axa Insurance Pte – also known as Axa Singapore – to HSBC Insurance (Asia-Pacific) Holdings, a wholly owned subsidiary of the Hongkong and Shanghai Banking Corporation.
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NewsCevian Capital revolts after Aviva’s move to return £4bn back to shareholders
Swedish active investment firm and Aviva investor Cevian Capital has revolted after the insurer announced in its 2021 half year results on 12 August 2021 that it will be returning £4bn to its shareholders by H1 2022.
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NewsGallagher announces agreement to acquire WTW Treaty Reinsurance Brokerage Operations
“Broadening our reinsurance brokerage offerings has been a strategic objective at Gallagher and this acquisition will significantly enhance our global value proposition,” said J. Patrick Gallagher
