All News articles – Page 6
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Lockton launches crisis management division
Lockton’s Matt Humphries will be leading the new unit within the business’ wholesale property and casualty (P&C) division.
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Guy Carpenter establishes insurtech centre of excellence
Reinsurance broker Guy Carpenter has launched its Insurtech Centre of Excellence (COE) to provide comprehensive services to reinsurance carriers and MGAs.
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Davies inks deal to buy US-based property and casualty inspection firm
Davies has today (19 October 2021) signed a purchase agreement to buy property and casualty insurance inspection firm Insurance Risk Services (IRS), expanding its underwriting support capabilities in North America.
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What are the most profitable schemes for brokers emerging from the pandemic?
Produced in association with software firm SchemeServe, the Schemes Index provides a snapshot of the most profitable schemes businesses for brokers.
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CO2 crisis could spark fresh demand in supply chain cover
Surging prices of carbon dioxide (CO2) have drawn attention to the lack of suitable insurance policies available to cover business interruption (BI) to companies’ supply chains.
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Allianz Insurance launches sustainable procurement charter
Working to combat climate change, the initiative will ‘help develop a shared mindset’ between the insurer and its supplier partners
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FCA chair plans to step down in spring 2022
Chair of the FCA and Payment Systems Regulator Charles Randell wrote to chancellor of the exchequer Rishi Sunak on Friday (15 October 2021), notifying him of his plans to step down from his leadership positions in spring 2022.
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La Palma volcanic eruption highlights threat of non-modelled perils
The eruption of the Cumbre Vieja volcano will likely result in hundreds of millions of euros in economic losses - Impact Forecasting
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Reinsurance bosses face up to systemic risks
Transparency is needed as re/insurers navigate the systemic risk potential of pandemics, cyber and climate change
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Beazley launches Lloyd’s first ESG syndicate
Syndicate 4321 will support those businesses that invest in ESG by offering additional capacity on a multi-line basis
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EIOPA welcomes Solvency II proposals from the European Commission on sustainability
EIOPA believes that it is important to explore prudential treatment of exposures related to assets or activities associated substantially with environmental or social objectives.
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More Insurers sign up to support energy transition and CTP, developed by WTW
More insurers sign up to support the energy transition and the Climate Transition Pathway (CTP) accreditation framework developed by Willis Towers Watson.
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Munich Re expects rising reinsurance prices in Europe
The most serious losses in Europe this year were in connection with the floods that struck Central Europe in mid-July.
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E+S Rück expects rising reinsurance prices after catastrophic weather events in Germany
E+S Rückversicherung AG, the Hannover Re subsidiary responsible for the Group’s German business, expects higher prices - in some areas markedly so - and improved conditions in property and casualty reinsurance on the German market following the devastating flood damage in the summer.
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Hannover Re commits to net zero targets in reinsurance, investments and business operations
Hannover Re’s recent move to join the United Nations-convened Net-Zero Insurance Alliance underscores its Group-wide sustainability engagement.
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Howden agrees to buy Aston Lark in its largest acquisition to date
International insurance broking group Howden has agreed to buy independent broker Aston Lark from Goldman Sachs Asset Management and Bowmark Capital, subject to regulatory approval.
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RenaissanceRe announces estimated net negative impact of USD725m
This estimate is primarily comprised of net negative impacts of approximately $440 million from Hurricane Ida in August 2021 and approximately $210 million from the severe flooding in Northwestern Europe in July 2021.
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London company market premium jumps 20%
Premium income for the London company market jumped by 20% in 2020, a new report by the International Underwriting Association (IUA) has revealed.
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Arch Insurance International appoints chief risk officer
Arch Insurance International, part of Arch Capital Group, has appointed Tom Rivers as its new chief risk officer, with immediate effect.