News – Page 114
-
NewsHiscox response to Supreme Court Judgment
In order to achieve clarity for customers on the application of relevant policies as quickly as possible, Hiscox agreed in May 2020 to assist the Financial Conduct Authority (“FCA”) by participating in the Industry Test Case alongside seven other insurers.
-
NewsSCOR develops a cyber risk management tool through an innovative partnership with CyberCube
The reinsurance industry must manage the risk of large cyber events potentially impacting multiple insured portfolios. Reinsurers are facing a multi-faceted and fast-evolving cyber threat that requires ever greater modeling and analytics capabilities. SCOR has leveraged its leading edge internally developed CAT Platform designed to manage natural catastrophe risk ...
-
NewsZurich Insurance to drop out of Nord Stream 2 project: Reuters
Zurich Insurance Group will drop out of Russia’s Nord Stream 2 project in the face of looming U.S. sanctions against European companies that support construction of the $11 billion gas pipeline, two sources familiar with the situation said.
-
NewsSupreme Court BI ruling has produced ‘wordings lottery’ – Mactavish
The firm’s chief executive further believes that ‘the relationship between brokers and insurers requires robust and immediate regulatory action’
-
NewsInsurers must act quickly to compensate customers and rebuild trust says Insurtech UK
Insurers will need to rebuild trust with customers following the Supreme Court ruling, but the pandemic has also highlighted the need for digitalisation
-
NewsAirmic hails historic Supreme Court ruling
The Supreme Court ruling opens the door for up to £1.2 billion of business interruption claims
-
NewsUK regulators approve Lloyd’s multi Insurance Special Purpose Vehicle for new capital
The approval is a key milestone for the Future at Lloyd’s strategy, which aims to create an insurance market that attracts new forms of capital.
-
NewsSupreme Court dismisses insurers’ appeals in BI test case ruling
Around 370,000 policyholders are set to benefit from the judgment
-
-
NewsAllianz announces medium-term green targets for some investments
It is the first time that Allianz, which is also one of the world’s largest investors, has announced interim targets.
-
NewsMarine insurers primed to raise rates after Red Sea attacks
Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series of incidents that have hit vessels around Saudi Arabian waters, industry sources said.
-
NewsRenaissanceRe announces estimated net negative impact on Q4 2020
For the fourth quarter of 2020, the Company expects to report net income available to common shareholders; however, it expects to report an operating loss attributable to common shareholders.
-
-
NewsControl Risks: “Don’t miss the rebound”
Long COVID, patchy vaccine rollouts, emerging digital threats, climate change and the US China relationship are Top 5 risks for 2021
-
NewsSpecialist Risk Group buys construction sector MGA
Chief executive Downey says ‘developing a market leading MGA capability is a central element of our strategy’ for 2021
-
NewsHowden to cement strategic partnership with Steadfast & with Australian retail broking launch
Howden in Australia will join Steadfast’s network - Australia’s largest general insurance platform - to leverage its scale, strength and access.
-
NewsReuters: Zurich Insurance stresses compliance, declines comment on Nord Stream 2
Zurich Insurance Group emphasised its compliance standards on Wednesday while declining to comment specifically on the Russia-led Nord Stream 2 gas pipeline project.
-
NewsService to measure cyber ‘human error’ risk
The Workforce Cyber Culture Assessment assesses people risk and the impact of business culture in a cyber context
-
NewsAXA XL appoints Central US Zonal Marine Product Leader
AXA XL’s US marine team announced the addition of Brett Musser as the Central US Zonal Marine Product Leader
-
NewsAllianz begins eight-year worldwide Olympic & Paralympic partnership
Allianz has officially begun its eight-year worldwide partnership with the Olympic & Paralympic Movements, building on a collaboration with the Paralympic Movement since 2006.
