News – Page 129
-
NewsRSA mulls multibillion pound consortium bid
The British insurer has been seen as an attractive acquisition target for some time
-
NewsLloyd’s told new blueprint requires total London Market support
In launching the Blueprint Two report, Lloyd’s chairman Bruce Carnegie-Brown said the impact of the Covid-19 pandemic, which has led to a shift towards remote working, had hastened the market’s ambitions.
-
NewsGlobal insurance pricing up 20% in Q3
All regions, except Latin America (9%), reported double-digit pricing increases, led by the UK (34%), Pacific (33%), and the US (18%) - Marsh
-
NewsBrokers define hard market and struggling economy as their biggest concerns
Research by Aviva also signposts Brexit as the potential cause of an economic decline
-
NewsHyperion Insurance name disappears
The Hyperion Insurance name is no more, as the broking firm has officially become Howden Group Holdings, it was announced today.
-
NewsFCA outlines key drivers of harm for Lloyd’s and London Market in new ‘Dear CEO’ letter
The letter, which is targeted at Lloyd’s and the London Market intermediaries and MGAs, provides an overview of the areas of focus within the regulator’s supervision strategy
-
NewsAllianz Insurance has rolled out free access to online learning platform, LinkedIn Learning, to many of its independent brokers
Building on Allianz’s existing Broker Training proposition, which provides webinars and technical broker training programmes to all brokers, the new offering will provide select independent and regional brokers with access to more than 16,500 on-demand courses from LinkedIn Learning.
-
NewsHannover Re expects Group net income of more than EUR 800 million for the 2020 financial year
The company increased its reserves for Covid-19-related losses in property and casualty reinsurance by EUR 100 million to a total amount of EUR 700 million as at the end of September. In life and health reinsurance the burden from Covid-19 currently stands at EUR 160 million.
-
NewsGuy Carpenter launches Mutual, Agency and Captive Reinsurance Solutions Practice within Global Marine & Energy Specialty Group
This practice, which forms part of Guy Carpenter’s Global Marine & Energy Specialty group, is one of several key growth strategies the company is focusing on in the marine & energy sector.
-
NewsFinnish insurer Sampo’s Q3 pretax profit surges
Finnish financial group Sampo reported a 425% rise in third-quarter pretax profit on Wednesday, citing excellent results at its property and casualty subsidiary If and improved market values of its investment assets.
-
NewsSIRC 2020 - COVID-19 a fractal shock to the reinsurance industry. Denis Kessler
A vast majority of risk can be visualised, but a virus spread is invisible, insidious and pernicious. People are infinitely more afraid of dangers they cannot see than the danger they can identify.
-
NewsAXA records a dynamic rebound of revenues in Q3
”AXA’s strategic choices in recent years, favoring technical risks over financial risks, have positioned the Group well for the future and are confirmed by the Group’s strong performance in the context of Covid-19. The Group recorded a dynamic rebound of revenues in the third quarter, with our preferred segments, P&C ...
-
NewsSweden’s largest insurer, Folksam, leaked shares data of one million Swedes with tech giants
Sweden’s largest insurer, Folksam, accidentally leaked private data on about one million of its customers to a handful of the world’s largest technology companies, it said on Tuesday. Folksam, which insures 50% of Swedish homes and individuals, shared the data with tech giants such as Facebook, Google, Microsoft and LinkedIn. ...
-
-
NewsFCA business interruption test case appeal date set by Supreme Court
Six insurers, the FCA and the Hiscox Action Group are appealing some parts of September’s High Court ruling
-
NewsArgo Group announces agreement to Sell Ariel Re to Pelican Ventures and J.C. Flowers
“Argo Group will continue to focus on specialty insurance lines of business that we expect will result in profitable growth and improved shareholder value,” Rehnberg said. “This transaction aligns with our strategy to simplify the business and streamline operations.”
-
NewsSIRC 2020 opens with Deputy Prime Minister, Mr Heng Swee Keat
”Behind every crisis is an opportunity – I encourage all of you to make the best use of this conference, to brainstorm and share ideas, and work together to create a more resilient and better future for all of you.”
-
NewsLondon Market sees greater influx of US casualty and property premium
There has been a big rise in US premium volumes coming into the London Market this summer, according to broker trade body the London and International Insurance Brokers Association (LIIBA).
-
NewsU.S. Businesses stock up on Insurance Cover over fears of Post-Election chaos
Retailers, pharmacies, liquor stores and other merchants across the United States are gobbling up insurance that protects buildings from damage caused by societal unrest, worried about possible street violence after the U.S. presidential election, insurers and brokers told Reuters.
-
NewsAon enhances its Severe Convective Storm Modeling Capabilities in collaboration with Athenium Analytics
While tropical cyclones remain the costliest peril for the insurance industry in the United States, triggering USD362 billion in insured losses since 1990, severe convective storms are a close second at USD330 billion.
