All News articles – Page 80
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NewsInsurers brace for claims as Wimbledon defends ‘super slippery’ courts following star player slips
Insurers could be bracing for claims following star players Serena Williams and Adrian Mannarino slipping on court and injuring themselves during the Wimbledon tennis championship on Tuesday (30 June 2021).
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NewsBriefing: Fair value ‘fault line’ underpins FCA’s GI pricing proposals
The FCA may have ‘unleashed the concept’ around fair value, but now firms have to interpret this and embed it within their business practices, which isn’t an overnight job
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NewsSingapore watchdog plans ‘further review’ of Aon-WTW merger
The Competition and Consumer Commission of Singapore (CCCS) has “identified areas for further review” following an initial investigation into Aon’s proposed £30bn acquisition of Willis Towers Watson (WTW).
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NewsArcus 1856 rebrands to IQUW
Lloyd’s syndicate Arcus 1856 is today (1 July 2021) rebranding to IQUW, as the syndicate continues to execute its vision to become a more diverse, multi-line (re)insurer.
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NewsSouth China port disruption could last months
Delays in Guangzhou, Yantian, Shenzhen, Shekou and Nansha are being compared to the Suez blockage
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NewsCyber fears for critical infrastructure
Attacks against Florida’s water treatment facility and Colonial Pipeline highlighted a disruptive threat - survey
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NewsChinese state-backed Sinosure opens regional office in Dubai
It has become the first Chinese insurer to operate in the Dubai International Financial Centre
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NewsLion III Re: first green catastrophe bond sponsored by Generali
Assicurazioni Generali S.p.A. has entered into a collateralized multi-year reinsurance agreement with Lion III Re DAC, an Irish designated activity company, providing cover in respect of the Generali Group losses from windstorms in Europe and earthquakes in Italy over a four year period.
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NewsFrench mutual insurer Covea is considering takeover of AXA XL reinsurance business: reports
Covéa, the French non-life insurance mutual, is interested in acquiring the reinsurance business of AXA XL, AXA Re, as part of a transaction that could be valued at 5 billion euros, according to the press.
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NewsHiscox reaches settlement with BI action group
Hiscox and the members of the Hiscox Action Group (HAG) have reached a settlement following the FCA Business Interruption (BI) test case appeal.
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NewsCyber insurance struggling to counter online threat
Cyber insurance has failed to live up to expectations that it may act as a tool for improving organisations’ cyber security practices, finds RUSI
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NewsFrance Europe’s most complex country for business
For the UK, the conclusion of Brexit, along with new international trade agreements, brings increased clarity and stability
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NewsLondon market told to maintain pace of change post-pandemic
The London market has to drive the pace of transformation in the insurance industry after last year pressed the “alt, control, delete keys on the world”, brokers and underwriters have been told.
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NewsAfrican-Caribbean Insurance Network wins CII Public Trust Award
The African-Caribbean Insurance Network (ACIN) was awarded the Talent Attraction Initiative of the Year Award at the Chartered Insurance Institute (CII) Public Trust Awards yesterday (24 June 2021).
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NewsAriel Re announced that it has sponsored its first 144A index-triggered catastrophe bond
Titania Re will provide USD 150 million of multi-year collateralised reinsurance cover to Ariel Re using an indexed industry loss trigger, protecting against North American named storms and earthquakes.
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NewsGenerali expands presence in Malaysia via Axa deal
The deals will turn Generali into the second-biggest player in Malaysia’s Property and Casualty (P&C) insurance market while also allowing the company to enter the local life insurance sector, it said on Tuesday.
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NewsTornado sweeps through suburban Chicago, causing damage
A tornado swept through communities in heavily populated suburban Chicago, damaging more than 100 homes, toppling trees, knocking out power and causing multiple injuries, officials said.
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NewsSuez Canal Authority claim hearing potentially adjourned after ‘long and arduous’ negotiations
UK P&I Club, the protection and indemnity insurer for cargo ship Ever Given, which ran around in Egypt’s Suez Canal in March, confirmed yesterday (20 June 2021) its desire to adjourn the state-owned Suez Canal Authority’s clams hearing following “long and arduous” negotiations.
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NewsCFC Syndicate 1988 starts trading
Cyber-focused MGA CFC Underwriting has confirmed that its Lloyd’s of London syndicate - CFC Syndicate 1988 – has incepted and begun trading today
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NewsAviva partners with WWF on industry action plan to achieve net zero targets
Amanda Blanc says the collaboration will ’ensure the financial sector gets its act together’ around working towards net zero
