All News articles – Page 17
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NewsBoE launches climate stress test for banks, insurers
It will provide central banks and supervisors globally with a common starting point for analysing climate risks under different scenarios
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NewsGallagher announces leadership changes within its Gallagher Re business
Gallagher today announces that Tom Wakefield will become chief executive officer (CEO) of its reinsurance business, Gallagher Re, subject to regulatory approval.
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NewsLondon Market Group calls on government and insurance industry to work together post-Brexit
The London Market Group (LMG) has called the government, regulators and the insurance industry to work together post-Brexit in its five-point plan launched today.
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NewsLloyd’s boss John Neal has ‘big ambition’ to build the most advanced insurance marketplace
Lloyd’s of London chief executive, John Neal has big ambitions for the Future of Lloyd’s to build “the world’s most advanced insurance marketplace”.
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NewsScott Egan: There will be ‘no radical about-turns’ in RSA’s strategy following Intact takeover
Scott Egan, RSA’s chief executive for UK and international, has promised brokers there will be “no radical about-turns” in the insurer’s strategy following its acquisition by Canadian insurer Intact Financial Corporation and Danish insurer Tryg A/S.
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NewsAon using IoT to cover Covid-19 vaccine supply chain is ‘game changer’ says GlobalData
Aon’s specialized cargo insurance product uses the Internet of Things (IoT) to provide supply chain cover for globally transporting the Covid-19 vaccine is a “game changer” for this line, according to GlobalData.
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NewsSwiss watchdog FINMA requires banks, insurers to disclose climate risks
FINMA’s updated circular on the new obligations, to take effect on July 1, follows similar moves by the European Central Bank, which last year announced plans to ask lenders in the 19-country currency union to disclose their climate-related risks.
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NewsGenerali completes the acquisition of AXA Insurance S.A. in Greece
As a result of the completion of the acquisition, Generali has also commenced its 20-year exclusive distribution agreement with Alpha Bank.
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Newswefox, Germany’s digital insurance unicorn, closes $650m Series C
wefox, the Berlin-based digital insurance company has raised a record US$650 million for its Series C funding, resulting in a post-money valuation of US$3 billion. This round represents the largest Series C to date for an insurtech globally.
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NewsRandall & Quilter completes four Portfolio Transfers
The four portfolios consisted of over £75million of reserves relating to insurance and reinsurance employer’s liability and public liability risks mainly emanating from the UK and Ireland, underwritten by the QBE Group prior to 2008 in its company and syndicate businesses.
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NewsLloyd’s, London Market Insurance Companies and DXC Technology partner to transform the world’s largest insurance marketplace
This unique agreement, that brings together both the Lloyd’s and insurance company markets in London in a new joint venture agreement with DXC Technology, will deliver both world class technology as well as significantly reducing the processing costs for the market.
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NewsAfter Colonial attack, energy companies rush to secure cyber insurance
U.S. energy companies are scrambling to buy more cyber insurance after this month’s attack on Colonial Pipeline disrupted the U.S. fuel supply, but they can expect to pay more as cyber insurers plan to hike rates following a slew of ransomware attacks.
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NewsFCA publishes policy statement confirming price walking remedies
Law firm partner says the new rules to tackle price walking give the ‘FCA teeth to enforce the requirements against those companies who have been less willing to change’
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NewsBriefing: Amid senior exits at Aviva UKGI, what’s really going on?
Aviva has had a hat-trick of senior exits. What is going on?
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NewsCNA Hardy allegedly paid $40m to ransomware attackers
According to Bloomberg, the Chicago-based company paid hackers two weeks after CNA officials were blocked from the network and its data was stolen - this was confirmed by unnamed sources at the insurance provider.
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NewsBMS launches operations in Turkey
The new company will focus on specialty lines where the team has identified opportunities, together with facultative and treaty reinsurance services, supported by the Group’s hubs in London and elsewhere.
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NewsSedgwick predicts post-pandemic recall surge
Product recall events are on the rise despite ongoing operational challenges experienced by global car and OEMs
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NewsAmrae: Cyber insurers in “vicious cycle”
Claims frequency and severity grew substantially between 2019 and 2020, outpacing cyber insurance premium growth
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NewsBriefing: Faltering RSA can take inspiration from Zurich on broker service
RSA came bottom across all of Insurance Times’s broker service surveys. Where does it go from here?
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NewsAviva’s Colm Holmes to replace Allianz chief Jon Dye
Aviva’s chief executive of general insurance Colm Holmes is set to join rival insurer Allianz Holdings, as current chief executive Jon Dye announces he will be stepping down at the end of November 2021.
