All News articles – Page 93
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NewsBermuda chosen for Gildenbrook Group’s reinsurance platform
The new entity includes a reinsurance platform in Bermuda, an alternative asset manager in the British Virgin Islands and a fintech development firm in Singapore.
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NewsBriefing: What do Aon, Gallagher and Marsh really pay for acquisitions?
Marsh, Aon, Willis appear to pay high multiples for their acquistions targets in the UK. But what is really going on?
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NewsIn support of a green economy
Europe suffers from some of the most severe fossil-fuel-company insured losses in the world, according to PCS data
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NewsCyber: Lessons from the Sunburst hack
The SolarWinds attack has awoken risk managers to the threat of Trojan-Horse type supply chain incidents
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NewsHard market drives captive usage
Airmic urges insurers and brokers to place a stronger emphasis on claims capabilities at renewals
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NewsCOVID-19 prompts “evolution in risk management”
Prior to COVID-19, a pandemic/health crisis was not a ‘top ten’ risk for 82% of firms globally - risk survey
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NewsIrish regulator fines commercial retail broker €41,385 for overcharging customers
The broker’s fine also covers the fact that it issued unclear communications regarding fees
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NewsThree trends driving the growth of parametric insurance in 2021 – FloodFlash
FloodFlash’s chief executive, Adam Rimmer tells Insurance Times about the three trends driving the growth of parametric insurance
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NewsGenerali may subscribe to rival Cattolica’s cash call
Italian insurer Generali will look at the terms of capital increase plans of smaller rival Cattolica and will likely subscribe to it but only pro-rata, its Chief Executive Officer Philippe Donnet told la Repubblica on Friday. The company will achieve its 2021 financial targets and will be able to pay ...
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NewsOneglobal opens office in Bermuda
Craig Douglas has been appointed as executive director, and will report to Mike Reynolds, group chief executive officer, while Kilian Whelan will join the business as chief operating officer.
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NewsCentral Bank of UAE begins procedures to execute Insurance Authority merger
Merger to transform Central Bank into one of the top 10 central banks globally
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NewsAXIS Capital Q4 catastrophe and weather-related losses $198 mn combined ratio 109.6%
AXIS Capital Holdings today announced financial results for the fourth quarter ended December 31, 2020.
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NewsBriefing: Has the drive for transparency come too late to repair reputational damage?
Discussions around greater transparency in policy wordings and clarifying coverage have become a top priority following the FCA’s business interruption test case – is this a ‘better late than never’ scenario or has the hit to the sector’s reputation crippled any chance of forging customer trust?
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NewsReuters: Aviva sets Feb deadlines for $6.6 billion disposals in France, Poland - sources
The London-based insurer, led by boss Amanda Blanc, is expected to sell its French business for about 3.5 billion euros while the Polish operations are valued at roughly 2 billion euros, the sources said.
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NewsBank of England told to stop buying ‘high carbon’ bonds
A group of British members of parliament said on Monday that the Bank of England should stop buying bonds from businesses whose activities accelerate global warming.
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NewsFitch: Bermudian re/insurers raise $7.7bn of new capital
Fitch added that there had been some disappointment among carriers at the extent of reinsurance rate rises during the January 1 renewal season.
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NewsPay business insurance claims or face enforcement, UK watchdog says
Insurers face enforcement action if they don’t pay up as soon as possible on business insurance claims following a landmark court ruling, Britain’s Financial Conduct Authority said on Friday.
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NewsArch Capital announces catastrophe loss estimates
Included in this range of estimates is an update to the Company’s ongoing exposure to COVID-19 global pandemic claims which are essentially unchanged from the estimate previously disclosed by the Company in its Quarterly Report on Form 10-Q for the nine months ended Sept. 30, 2020.
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NewsJapan stands firm on Tokyo Olympics schedule, denies report of cancellation
A government spokesman said there was “no truth” to a report in the Times newspaper that the government had privately concluded the Games would have to be cancelled because of the virus.
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NewsUnique Digital Infrastructure creates new connectivity in Crop Insurance
This partnership goes far beyond automating acreage and production reporting. Agents and growers will also gain access to Smart Claim, a highly intelligent tool that layers field-centric weather and imagery data with artificial intelligence, to predict the possible strike of disaster across insured acres.
