All News articles – Page 7
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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.
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NewsWillis Re takeover ‘on track’ – Gallagher
Broker Gallagher’s takeover of Willis Re is “on track”, according to its third quarter financial results published yesterday (28 October 2021).
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NewsAllianz appoints new approved repairer network to focus on green parts and EVs
Insurer Allianz has appointed a new approved repairer network (ARN), effective today (1 November 2021), focusing on bodyshops that can fix electric vehicles (EVs), recalibrate advanced driver assistance systems (ADAS) and offer green parts.
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NewsAxa extends oil and gas exclusions in fight against climate change
Axa has extended its oil and gas exclusions to help fight climate change and support the transition towards a low carbon economy.
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NewsGallagher’s net earnings up 22% in Q3 results as M&A ‘remains buoyant’
Broker Gallagher has reported that its net earnings are up by 22% in the three months to 30 September 2021, as published in its third quarter financial results released yesterday (28 October 2021).
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NewsExor and Covéa sign Memorandum of Understanding for the sale of PartnerRe for $9 billion
The acquisition of PartnerRe is fully consistent with Covéa’s long-term strategy to anticipate the evolution of the global insurance environment through international growth and through the diversification of products, risks and geographies.
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NewsCAT to the rescue: Govts, insurers must issue cat bonds for citizens’ financial protection from weather events
What it means for Indians, rich or middle class or poor, is that with cat bonds both insurers and governments will have more financial heft to insure better off citizens or aid poorer citizens.
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NewsHamilton announces Property Treaty Reinsurance consolidation
The Company will continue to write property treaty reinsurance business out of Bermuda, consolidating our peak peril catastrophe reinsurance underwriting into one hub.
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NewsCampaigners target reinsurers in Baden Baden
Only a few reinsurers have so far publicly committed to phase out coal from their treaty business
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NewsLockton 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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NewsGuy 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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NewsDavies 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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NewsWhat 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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NewsCO2 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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NewsAllianz 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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NewsFCA 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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NewsLa 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
