All News articles – Page 22
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NewsLemonade enters its third European market
Lemonade has already expanded into Germany and The Netherlands
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NewsReinsurer Conduit rises 5% after pricing $1.1 billion London IPO
The company sold 164.13 million shares at 500 pence per share, it said earlier in the day. By 1100 GMT, they had risen to 526 pence.
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NewsNewly launched London market broker begins trading
A new independent London market intermediary Ballantyne Brokers has begun business.
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NewsEIOPA must not undermine the ability of insurers to use reinsurance to manage risk
While EIOPA has acknowledged reinsurance as an effective way to mitigate risks that an insurer either cannot bear on its own or does not have the appetite to do so, insurers are concerned that the draft supervisory statement could restrict the valid use of reinsurance RMT.
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NewsAmWINS to acquire Bermuda-based International Specialty Brokers
ISBL will join AmWINS Brokerage and become AmWINS Bermuda January 1, 2021
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NewsIndia’s insurance platform Turtlemint raises $30 million
Only a fraction of India’s 1.3 billion people currently have access to insurance. Insurance products had reached less than 3% of the population as of 2017, according to rating agency ICRA.
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NewsEnstar to sell Starstone Lloyd’s managing agency to newly formed venture Inigo
Enstar, Stone Point and Dowling funds will receive $30 million of consideration from the sale of SUL in the form of Inigo shares upon closing.
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NewsIota considered the strongest hurricane in history to hit Nicaragua, government says
More than 400,000 people in Nicaragua were affected by the storm as it made landfall near Haulover, Tuesday as a Category 4 storm with maximum sustained winds near 155 mph, according to the NHC.
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NewsRe/insurers recognise the importance of ESG strategies but struggling to implement them: AM Best
A proper understanding and integration of environmental, social and governance (ESG) factors is increasingly critical to the long-term viability of re/insurance companies, according to research by AM Best.
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NewsCameroon Re, new reinsurance company
The project to set up a Cameroonian reinsurance company, initiated in 2019, has been finalised
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NewsBrokers to blame for lack of pandemic focus in FTSE 100 boardrooms – Mactavish
The firm’s chief executive believes organisations have been ‘wasting their money’ on broker advice if pandemic risks have not been mentioned
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NewsRuling against Thierry Derez and Covéa by the commercial court for misconduct
Ruling against Thierry Derez and Covéa by the commercial court for misconduct during the preparation and execution of Covéa’s unsolicited takeover bid for Scor
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NewsThe Next Phase: North American Insurance (Pandemic Accelerates Change in the Insurance Landscape)
As the “longest year” enters its final weeks, Fitch provides its view of the possible longer term implications of the coronavirus pandemic for the North American insurance industry.
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NewsGlobal ransomware attacks rise 110% in September
Overall, there was a 40% rise in ransomware attacks in the first three quarters of 2020 compared to the same period last year
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NewsAllianz Insurance has rolled out free access to online learning platform, LinkedIn Learning, to many of its independent brokers
Building on Allianz’s existing Broker Training proposition, which provides webinars and technical broker training programmes to all brokers, the new offering will provide select independent and regional brokers with access to more than 16,500 on-demand courses from LinkedIn Learning.
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NewsHannover Re expects Group net income of more than EUR 800 million for the 2020 financial year
The company increased its reserves for Covid-19-related losses in property and casualty reinsurance by EUR 100 million to a total amount of EUR 700 million as at the end of September. In life and health reinsurance the burden from Covid-19 currently stands at EUR 160 million.
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NewsGuy Carpenter launches Mutual, Agency and Captive Reinsurance Solutions Practice within Global Marine & Energy Specialty Group
This practice, which forms part of Guy Carpenter’s Global Marine & Energy Specialty group, is one of several key growth strategies the company is focusing on in the marine & energy sector.
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NewsFinnish insurer Sampo’s Q3 pretax profit surges
Finnish financial group Sampo reported a 425% rise in third-quarter pretax profit on Wednesday, citing excellent results at its property and casualty subsidiary If and improved market values of its investment assets.
