All News articles – Page 78
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NewsAXA XL appoints Dane Mahoney as Global Head of Political Risk, Credit & Bond Risk Management
Mr. Mahoney began his tenure at AXA XL in 2013 as a Risk Analyst for political risk and trade credit.
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NewsDUAL acquires Align in transformational deal
Acquisition creates international MGA group redefining underwriting with over $2bn GWP, 1,000 employees operating in 16 countries, more than 80 capacity providers, and 7,000 broker partners.
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NewsSevere weather events drive global insured catastrophe losses of USD 42 billion in first half of 2021
A deep winter freeze, hailstorms and wildfires contributed to natural catastrophe losses of USD 40 billion in the first half of 2021, according to Swiss Re Institute’s preliminary sigma estimates.
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NewsMarshmallow finalising cash injection to become latest insurtech unicorn
Marshmallow Financial Services is finalising a funding a round that will see the digital motor insurer become worth $1.2bn (£898m) and the latest unicorn.
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NewsThe Big Question September 2021: How can the insurance industry best marry technology and a human touch?
Automation in the insurance sector is booming as many businesses continue to invest in digitalisation. Insurance Times asks how the industry can effectively combine technology and a human touch
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NewsAviva share price surges as boss Amanda Blanc delights investors
Aviva intends to return at least £4bn to its shareholders by June 2022, the insurer’s chief executive revealed in its H1 financial results released this morning (12 August).
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NewsZurich bounces back from pandemic with best underwriting result in years
Zurich UK posted its strongest underwriting profit in five years, with a combined ratio of 80.8% for the first half of this year.
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NewsFCA to allow rolling applications for regulatory sandbox
The FCA will now be allowing rolling applications for its regulatory sandbox.
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NewsUK government launches event cancellation scheme
Several syndicates in the Lloyd’s market, including Arch, Beazley, Dale Underwriting, Hiscox and Munich Re, are supporting the initiative
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NewsRansomware payments surge by 82%
Latest Unit 42 figures confirm the ransomware crisis continues to intensify, with the rise of quadruple extortion
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NewsIncoming Hiscox chief executive Aki Hussain sees ‘opportunities everywhere’
Despite handing over the reins, Masojada confirms he won’t be completely exiting the insurance market come January 2022
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NewsWillis Towers mulls sale of reinsurance unit after halting merger
Insurance broker Willis Towers Watson PLC said on Tuesday it is weighing strategic alternatives for its reinsurance unit, Willis Re, days after a planned sale to rival Arthur J. Gallagher fell through.
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NewsAxa’s ‘P&C profitability bounced back’ in 2021’s H1
Group chief executive is ‘confident about the future’ of subsidiary Axa XL, which has been a key driver of financial success in the first half of the year
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NewsD&O market ready to “move on” from COVID
A softening of the pricing curve is being observed, but the outlook remains uncertain for UK D&Os - Gallagher
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NewsCOVID continues to fuel political unrest - Aon
Extremists and activists from across the spectrum are evolving their narratives, finds 2021 Risk Map
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NewsZurich considers AI-related emerging risks
Liabilities could arise from the unintended consequences of decisions made by algorithms and artificial intelligence
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NewsAGCS: Bigger ships, bigger exposures
Suez Canal incident shows ever-increasing vessel sizes exacerbates marine and supply chain risks
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NewsGerman flood claims to approach €5 billion
Restoration of infrastructure such as water and gas pipes, power lines, and roads could take weeks, even months, warns AIR Worldwide
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NewsCFC names Graeme Newman CEO
As CEO, Newman will lead all aspects of CFC’s underwriting business based in London, including the company’s growing data, technology and operations functions.
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NewsCII exposes cyber risk knowledge gap
More than half of insurance professionals have reported that their knowledge of cyber risks is virtually non-existent, despite their employer providing cyber cover, according to research by the Chartered Insurance Institute (CII).
