All News articles – Page 13
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Swiss Re teams up with Milliman Appleseed to accelerate new entrants offering private flood insurance
The new simplified product offering was developed by Swiss Re to provide flexible coverage for low and moderate flood risks.
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Rokstone receives cover holder licence to underwrite in Africa
Rokstone, the international speciality (re)insurance MGA, part of Aventum Group, has announced it has secured an Insurance Agent Licence from the Financial Services Commission in Mauritius (FSC) and is now fully authorised to underwrite business directly in Africa from its office in Mauritius. Brokers across Africa can now access world ...
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Fitch: Olympics without crowds to cost Reinsurers USD300m–400m
Fitch Ratings says. However, this is only 10%–15% of the amount reinsurers would have faced had the Olympics been cancelled, and its impact on earnings should be limited, leaving capital and ratings unaffected.
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Allianz: Piloting post-COVID aviation trends
New generation aircraft bring benefits but higher repair costs while airlines prepare for a paradigm shift in traveling - Allianz
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COVID-19 forced firms to ‘cut corners’
Under mounting pressure to increase revenue and profits, with just 40% of European organisations carrying out adequate due diligence - Refinitiv
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Briefing: Solvency II and GDPR face big shake up amid Tory post-Brexit war cry
MP Iain Duncan Smith leads the charge on radical post-Brexit insurance plans
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Global cyber insurance pricing increases by 32% – Howden
International insurance broker Howden released a new report yesterday (5 July 2021) which revealed that cyber insurance pricing has increased by an average of 32% year-on-year in June 2021.
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‘Colossal’ ransomware attack hits 200 firms
Attack on Miami-based IT supplier Kaseya was timed to coincide with the 4th of July celebrations
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Swiss Re’s iptiQ and ImmoScout24 launch digital loss of rent insurance
Swiss Re’s iptiQ is a white-label provider of property & casualty and life & health insurance. Its unique B2B2C business model, combined with the iptiQ platform, enable brands like ImmoScout24 to offer new digital insurance solutions to their customers.
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Swiss Re sees rising premium trend intact
The trend of rising reinsurance premiums, driven by high claims payments related to the coronavirus pandemic and a record hurricane season, is continuing as the next policy renewal round looms on July 1, Swiss Re said on Thursday.
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Chaucer launches their new Belt & Road Consortium at Lloyd’s
Working with China Re, Chaucer’s parent company, the consortium will provide large-scale capacity of up to US$400m for political violence related risks to companies working on China’s Belt and Road Initiative, including approved investment risks from the BRI Green Committee.
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Prince Charles and global insurance industry join forces on climate change
His Royal Highness (HRH) The Prince of Wales has launched a new Sustainable Markets Initiative (SMI) Insurance Task Force partnership during his visit to Lloyd’s of London today.
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Briefing: Time is running out for summer festivals seeking Covid inclusive event cancellation cover
A new report by the Public Accounts Committee recognises that festivals are facing a ‘survival threat’ without adequate insurance for Covid-linked event cancellation
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Soaring insurtech investment to impact actuary work and job opportunities – IFoA
The increasing investment in the insurtech sector will have an impact on the type of work actuaries carry out and the job opportunities available, according to the latest report from the Institute and Faculty of Actuaries (IFoA).
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Banks scoops windfall as reinsurer buys his broking group
Arron Banks has scooped a windfall after Arch Reinsurance revealed its plans to acquire his companies.
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Briefing: What exactly is Aviva’s activist investor Cevian up to?
An activist investor is stepping up pressure. But does it have anything new to offer?
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S.Korea’s major insurers say will stop underwriting new coal power
DB Insurance, Hyundai Marine & Fire Insurance and Hana Insurance, said they will stop underwriting coal power projects.
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Regulatory scrutiny, lawsuits over SPAC transactions fuel D&O insurance sticker shock
Companies going public through a merger with a special purpose acquisition company, or SPAC, are facing skyrocketing premiums for directors and officers’ liability coverage due to the higher risk of litigation and increased regulatory scrutiny.
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Cyber attack volumes grow for APAC firms
89% and 82% of Australian and Singaporean cybersecurity professionals said attacks increased due to remote working
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Work from home drives greater cyber attack volumes
Close to 80 percent of organisations experienced cyberattacks due to more employees working remotely