All News articles – Page 8
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NewsReinsurance 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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NewsBeazley 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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NewsEIOPA 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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NewsMore 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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NewsMunich 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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NewsE+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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NewsHannover 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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NewsHowden 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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NewsRenaissanceRe 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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NewsLondon 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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NewsArch 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.
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NewsCoal Action Network organises climate memorial targeting Lloyd’s
The memorial, which took place between 10am and 12pm, saw flowers and floral wreaths being laid outside Lloyd’s headquarters at One Lime Street.
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NewsBrokers call out ‘conflict of interest’ in delayed government-backed £750m live events reinsurance scheme
Brokers and event organisers have criticised the delayed government-backed £750m live events insurance scheme due to a “conflict of interest” as well as its costs and limits on cover, reported the Financial Times.
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NewsBlog: FERMA Conference 2021 Daily News Summary
Stay tuned - live reporting from the FERMA Conference this week
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NewsLondon’s finance district, steeped in slavery, confronts its past
The financial district’s municipal authority will this week discuss a report that recommends retaining monuments of twice Lord Mayor William Beckford and merchant John Cass, both of whom made fortunes off slavery, with “explanatory plaques or notices” placed next to them. The report says over 2,000 responses to two consultations ...
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NewsChaucer appoints Xamira Groves as new Head of Insurance
Specialty (re)insurance group, Chaucer, has appointed Xamira Groves as its new Head of Insurance. Groves will oversee the delivery of strategy and portfolio management across all general insurance lines and underwriting entities.
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NewsStrategicRISK Blog: Airmic Conference 2021 Daily News Summary
Stay tuned - live reporting from the Airmic Conference this week from our sister title StrategicRISK
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NewsHowden's 'DUAL Group' announces its expansion into Latin America
The acquisition of Dock Re, in Mexico, and launch of an office in Brazil bring DUAL’s underwriting expertise to carriers and brokers across Latin America
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NewsOman Insurance Company receives “in principle” approval for first Lloyd’s SIAB in the GCC
Andrew Woodward, regional head of Lloyd’s Dubai said: “We have enjoyed working closely with the OIC team to deliver this exceptional result and we are proud to have the first SIAB in this region.”
