News – Page 110
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People & OpinionAXA XL appoints Michael Yeats to lead its Reinsurance Operations in Latin America
AXA XL has appointed Michael Yeats as Head of Latin America, Reinsurance. Based in Bogota, Colombia, Mr. Yeats will report to Peter Schmidt, Chief Executive Emerging Markets, Reinsurance.
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NewsArdonagh snaps up Lloyd’s professional indemnity broker
Although the transaction is still subject to regulatory approval, on completion it will see the broker become part of the wider Ardonagh Advisory platform
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NewsInsurance sector is in ‘a digital arms race’ – Salesforce
The industry needs to get better at using data for cross-selling and upselling opportunities, according to expert panel
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People & OpinionApollo Syndicate Management appoints new group chief operating officer
The new hire has served tenures at both Lloyd’s and HSBC
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NewsBermuda chosen for Gildenbrook Group’s reinsurance platform
The new entity includes a reinsurance platform in Bermuda, an alternative asset manager in the British Virgin Islands and a fintech development firm in Singapore.
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NewsSwiss Re and Diameter Health join forces for breakthrough in digital health data
Swiss Re and Diameter Health join forces to offer first-ever scalable solution to use electronic clinical health data for life insurance underwriting.
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NewsHard market drives captive usage
Airmic urges insurers and brokers to place a stronger emphasis on claims capabilities at renewals
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NewsCOVID-19 prompts “evolution in risk management”
Prior to COVID-19, a pandemic/health crisis was not a ‘top ten’ risk for 82% of firms globally - risk survey
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NewsIn support of a green economy
Europe suffers from some of the most severe fossil-fuel-company insured losses in the world, according to PCS data
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NewsCyber: Lessons from the Sunburst hack
The SolarWinds attack has awoken risk managers to the threat of Trojan-Horse type supply chain incidents
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NewsPandemic’s second wave threatens to derail Dubai’s tourism surge
Dubai, one of the few destinations open to international travellers since July, has yet to impose the toughest restrictions after record daily infections in the UAE, in the hope that vaccinations will spare a repeat of last year’s lockdown.
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NewsPing An Insurance annual profit drops for first time since 2008
The insurer reported a 4.2% drop in annual net profit, in part due to a slowdown in agent sales.
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NewsVaccination delay could cost EU economy 90 bln euros - Allianz study
The EU faces a potential 90 billion euro ($108.19 billion) hit to its economy this year unless it catches up with the pace of COVID-19 vaccinations in other regions, a study showed on Wednesday.
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NewsCyber insurers see ‘strong growth’ for coverage after spate of online scams amid lockdown
Despite this, insurers must have adequate capacity to cover evolving cyber fraud
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NewsAM Best: UK Commercial Property Insurers Looking Beyond Difficult 2020
Disputes around non-damage business interruption (BI) cover, which made 2020 a difficult year for U.K. commercial property insurers, should subside in 2021.
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NewsInsurer AIG pays $12 million fine in NY pension transfer probe
The settlement is the second in a probe by the New York State Department of Financial Services (NYDFS) into an industry in which life insurers take over corporate pension plans.
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NewsInsurance systems are like a costly pre-Covid lease you can’t get out of - Stubben Edge
Chris Kenning, chief executive of Stubben Edge, on how to avoid getting locked into legacy systems that prevent an insurance business from meeting the demands of the modern market
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NewsIUA appoints Zurich commercial head as new chairman
The International Underwriting Association (IUA) has appointed head of commercial insurance at Zurich UK, Robert Kuchinski as its new chairman.
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NewsIrish regulator fines commercial retail broker €41,385 for overcharging customers
The broker’s fine also covers the fact that it issued unclear communications regarding fees
