All News articles – Page 9
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NewsAviva completes sale of majority shareholding in Aviva Singapore
As stated in the Q3 announcement, the cash proceeds will be used to support Aviva’s debt reduction target.
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Swiss Re to create new fund for institutional and designated professional investors to access natural catastrophe business
With this approval, the company will manage a standalone fund company, 1863 Fund Ltd, which will allow investors a new avenue to access Swiss Re’s natural catastrophe business.
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Insurer calls on government to extend trade credit insurance amid alleged ‘Topshop collapse’
An estimated £250m worth of unrecoverable invoices owed to suppliers could go unpaid
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SCOR: Why Cat Bonds remain attractive, despite the high number of natural catastrophes
The 2020 Atlantic hurricane season is coming to an end. With 28 named storms, 12 of which developed into hurricane status, 2020 is now tied with 2005 for the highest number of storms in a single season.
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AXA to sell Gulf operations for $269 million to GIG
AXA, Europe’s second biggest insurer, has agreed to sell its insurance operations in the Gulf region to Gulf Insurance Group (GIG) for $269 million, AXA said on Monday.
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Vienna Insurance buys Aegon’s Central and Eastern European business
Vienna Insurance Group will buy Dutch insurer Aegon’s Central and Eastern European business for 830 million euros ($993 million), cementing Vienna’s regional lead and raising cash for Aegon to cope with the coronavirus crisis.
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UK commercial properties underinsured by £325bn
Towergate also found that 14% of properties were over-insured
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SPECIAL EDITION: FUTURE OF BUSINESS 'Supply chains: Spotlight on Asia'
The nature and extent of disruption to supply chains arising from major events in the past ten years reflects the growing complexity and interdependencies within supply chains in Asia Pacific. From the Thai floods and Tohoku Earthquake and Tsunami in 2011, to the Tianjin port explosion in 2015 and ...
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Kuwait introduces new compulsory health insurance costing KD130
Kuwait’s Health Insurance Hospitals Company (Dhaman) has announced it will be introducing a new KD 130 (Dh1.592) compulsory health insurance for two million residents working in the private sector
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Pelican Ventures and JC Flowers close Ariel Re deal
Private equity investors Pelican Ventures and JC Flowers Co have completed their acquisition of Ariel Re from Argo Group. Ariel Re underwrites a global portfolio of reinsurance products in Bermuda, London and Hong Kong through its Lloyd’s platform.
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John Neal reveals Lloyd’s of London’s ultimate goal
In a Q3 trading update, the Lloyd’s boss revealed his ultimate goal for the marketplace and why it continues to focus on performance agenda
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Lloyd’s report highlights reputation as one of the most valuable intangible assets to global businesses
Lloyd’s, the world’s leading specialist insurance and reinsurance market, today published a new report in collaboration with KPMG, which looks at the role of the global (re)insurance industry in providing risk transfer solutions and adapting to the increasingly complex reputational risk landscape.
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Latest report reimagines the London insurance market
The London Market Group (LMG) and Willis Towers Watson today published its latest report reflecting on the lessons learnt from lockdown, what has worked or not and how the market can drive positive change and improve performance in the post pandemic world.
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The future of supply chain risk management
The COVID-crisis has prompted a period of introspection as organisations question how to best structure their supply chains and manage their risk
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Lloyd’s Brexit transfer gets final High Court approval
Lloyd’s of London has confirmed that it has received its final approval from the High Court of England and Wales to transfer EEA policies to Lloyd’s Insurance Company SA.
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Australia Business Interruption test case raises more questions than answers for Insurers
The judgment handed down by the New South Wales Court of Appeal brings into sharp focus the potential downside risk for the industry.
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Kessler sees double-digit reinsurance rate rises
SCOR, one of the world’s largest reinsurers, has faced large claims due to the coronavirus pandemic as well as losses from hurricanes in the United States.
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Action needed to spur British government-backed pandemic insurance, says project chair
Stephen Catlin, chairman of the Pandemic Re Steering Committee, a British industry group, said he had hoped in early June that a launch would be possible in 2021.
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2021 to bring ecopolitical turbulence - International SOS
Employers will need to go through an evolution in their Duty of Care provisions, just as they did post 9/11
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Howden buys cyber and technology-focused broker
For Howden, the purchase highlights the value that the broker sees in the “fast-growing” cyber product line, gives it an enhanced retail cyber platform and boosts its market presence in the US wholesale sector.
