All News articles – Page 7
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NewsZurich initiative to help flood victims ‘build back better’
The insurer aims to help customers that are victims of repeated flooding by setting out a formal process for loss adjusters to follow
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NewsAXA XL Partners with Cambridge Centre for Risk Studies to Launch Online Disaster Recovery Hub
A new online Disaster Recovery Hub comprised of more than 100 major disaster case studies, and covering different events in different locations, has been launched by the Cambridge Centre for Risk Studies at Cambridge Judge Business School in partnership with AXA XL to help with such guidance.
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NewsAon Appoints Jillian Slyfield as Chief Innovation Officer
Aon today announced the appointment of Jillian Slyfield as the firm’s Chief Innovation Officer, effective Dec. 1, 2021. Slyfield, who is based in San Francisco, will report to Aon CEO Greg Case and join the Aon Executive Committee, which is responsible for executing on the firm’s Aon United Blueprint.
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NewsAviva’s head of cyber insurance set to join Lloyd’s
Insurer Aviva’s current head of cyber insurance Neil Arklie has announced that he will be leaving the business to join Lloyd’s of London, effective January 2022.
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NewsMarsh McLennan conducts executive committee reshuffle
Professional services firm Marsh McLennan has reshuffled its executive committee, confirming that John Doyle – the firm’s current president and chief executive of Marsh – has been promoted to group president and chief operating officer of Marsh McLennan.
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NewsCMA halts investigation into Gallagher’s purchase of WTW’s treaty reinsurance broking business
The UK’s competition watchdog, the Competition and Markets Authority (CMA), has today (22 November 2021) approved Arthur J Gallagher’s planned acquisition of Willis Towers Watson’s (WTW) treaty reinsurance business.
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NewsDIFC Insurance community expands with Gen Re establishing Middle East presence in the centre
Second insurer owned by Berkshire Hathaway Inc. to expand its presence in the region; strengthens DIFC’s position as a centre of excellence for insurance and reinsurance locally and globally
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NewsGIC Re witnesses over four-fold jump in net profit to Rs 1,010 crore
General Insurance Corporation of India (GIC Re) on Wednesday reported an over four-fold jump in its net profit to Rs 1,010.55 crore for the quarter ended September 30.
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NewsOver two-thirds of UK workers ready to quit
The “Great Resignation” is here and job loyalty is a thing of the past as pandemic burnout begins to bite, finds Randstad UK
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NewsThe cost of a sustainable supply chain
How sustainability initiatives within the full lifecycle of goods and services benefits the bottom line and enhances reputations
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NewsOperational technology breaches grow by 83%
Cybercriminals are targeting critical infrastructure with ransomware as they are considered easy prey - Skybox Security
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NewsAllianz’s total revenue growth soars despite natural disaster burdens
Allianz’s total revenue growth has increased 9.5%, equalling €34.4bn – up from €31.4bn last year – in what the global insurer’s SE top boss stamps as its best third-quarter results yet announced yesterday (10 November).
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NewsZurich’s property and casualty GWP up by 11%
Zurich reported that its property and casualty (P&C) gross written premiums were up by 11% at £31.2bn on a like-for-like basis in its Q3 trading update.
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NewsCOP26: Global resilience index launches
GRII will help sectors across the global economy quantify the value of building climate resilience, and the costs of doing nothing
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NewsFlood Re chief exec urges focus on ‘Build Back Better scheme’ as ‘resilience is not being prioritised’
To tackle the “increased frequency of flooding and extreme weather events”, the UK must focus on using property flood resilience (PFR) measures for building repairs as part of Flood Re’s Build Back Better (BBB) scheme because currently, “resilience is not being prioritised”, according to Flood Re chief executive Andy Bord.
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NewsDemand for supply chain insurance to rise
The global supply chain crisis has exposed the limits of business interruption insurance - DBRS Morningstar
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NewsCOP26: Risk management “central” to climate mitigation
Insurance industry has a “unique contribution” in advancing understanding and sharing of climate-related risks - report
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NewsCOP26: International Sustainability Standards Board launches
Move represents a “major step forward in establishing consistent, comparable global reporting standards” - TCFD
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NewsPace of technology innovation must be maintained
Insurance Times’ Tech and Innovation Awards showcased the great variety of digital solutions supporting the insurance sector
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NewsBeazley reports GWP improvement of 29% for 2021’s Q3
Insurer Beazley has reported a 29% improvement in its gross written premium (GWP) for quarter three of 2021 – as at 30 September 2021, its GWP stood at $3,271m (£2,435m) compared to $2,534m for the same period in 2020.
