All News articles – Page 97
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NewsNewly launched broker led by ex-Marsh director generates £500,000 GWP during first three months
The new broker has appointed a series of ’insurance heavyweights’ and entrepreneurs; it hopes to expand further in the coming months
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NewsEU may ask too high a price for financial services trade, Bank of England warns
Bailey said between 5,000 and 7,000 financial services jobs had already left Britain for the EU - fewer than some forecasters had feared, though the process was not over.
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NewsUp to 4,000 financial firms could fail due to COVID, says UK regulator
The FCA surveyed 23,000 financial firms to check on their resilience to COVID-19, which last year triggered Britain’s worst economic downturn in 300 years.
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NewsBroker pair form London Re in joint venture
With Brexit underway, the creation of London Re is aimed at directly serving clients in the European Union
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NewsNatural disasters cause $210 billion in damage in 2020 - Munich Re
Overall, the uninsured portion of natural disaster losses in 2020 was around 60%
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NewsCOVID-19 tops travel risks for 2021
Violent crime, political instability, severe natural disasters and social unrest are among the other threats to companies and their staff
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NewsPen Underwriting strikes capacity deal with Zurich for hazardous goods and tanker transportation
MGA Pen Underwriting has confirmed a five-year capacity deal with insurer Zurich for its hazardous goods and environmental industries’ motor fleet proposition.
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NewsMS Amlin Underwriting launches Phoenix 1 Re
Phoenix 1 Re Pte. Ltd. is the landmark first locally issued ILS to provide capacity to a local cedant, solely focused on the Pan-Asia region.
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NewsGCC Secretary General welcomes reopening of Saudi Arabia-Qatar airspace
GCC Secretary General Dr. Nayef Mubarak Al Hajraf has welcomed the reopening of airspace and land and sea borders between Saudi Arabia and Qatar, announced by Sheikh Ahmad Nasser Al Sabah, Kuwaiti Foreign Minister.
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NewsBreakthrough reached in Gulf dispute with Qatar
The development is the latest in a series of Middle East deals sought by Washington - the others involving Israel and Arab states - aimed at building a united front against Iran.
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NewsNetwork boosts Lloyd’s and London market offering for its brokers
Network specialist Compass London Markets has joined forces with wholesaler Bishopsgate, meaning its brokers will enjoy an improved offering to Lloyd’s and London market.
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NewsThe Journal, 3rd edition: Construction Risk
StrategicRISK and Swiss Re Corporate Solutions launch the third edition of The Journal examining construction risk
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NewsRate movements moderated by availability of capacity - Guy Carpenter
Price increases at the January 1, 2021 reinsurance renewals were moderated compared to initial expectations by abundant capital levels and an increased willingness on the part of reinsurers to deploy capacity in several sectors, according to Guy Carpenter.
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NewsInsurer Santam accepts liability for some rejected COVID-19 claims
South African insurer Santam will begin assessing payouts for some previously rejected coronavirus-related claims after recent court judgments on such cases but still intends to challenge one finding against it. Like other insurers around the world, Santam had rejected some business interruption claims related to coronavirus lockdowns. While it said ...
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NewsAmazon, Berkshire, JPMorgan healthcare joint venture to shut business next month
The not-for-profit venture was meant to address high costs in the world’s most expensive healthcare system and to initially focus on “transparent” healthcare for the U.S. employees of the three companies.
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NewsApplied Underwriters’ expansion continues with launch of US based D&O Division
Steve Menzies, CEO of Applied Underwriters, today announced the creation of a US based division of its Applied Financial Lines business unit to provide a variety of D&O coverages in the US under the direction of newly named President of the Division, Stephen McGill.
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NewsNexus acquires Marine business from Hiscox MGA
Hiscox will continue to provide underwriting capacity for the business alongside other existing markets, led by long-standing supporters Talbot and AXA XL. HMM will become an integral part of Millstream and the business will continue to operate as usual.
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Newsbms launches asia operations
BMS Asia will initially focus on M&A insurance broking, enhancing the group’s existing capabilities in that class of business in London, Canada and Australia.
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NewsHow events in 2020 have delivered a sweeping shock to Risk Transfer Markets - Howden Broking
Titled Hard Times, the report offers a detailed retrospective and forward-looking analysis on a period of transformational change (and challenge) for clients and markets alike, as well as providing detailed insights into renewals.
