News – Page 131
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NewsQatar Insurance Company (QIC) has seen its gross written premiums grow by 4%
The leading insurer in the Middle East North African (MENA) region announced its financial results for the first nine months of this year, following a meeting presided over by Sheikh Khalid bin Mohamed bin Ali al-Thani, QIC chairman and managing director.
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NewsRenaissanceRe Holdings reports significant YOY increase in its profitability for the third quarter of 2020
RenaissanceRe today reported net income available to RenaissanceRe common shareholders of $47.8 million, or $0.94 per diluted common share, in the third quarter of 2020, compared to $36.7 million, or $0.83 per diluted common share, in the third quarter of 2019. Operating loss attributable to RenaissanceRe common shareholders was $131.7 ...
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NewsAM Best awards PCA rating of A to Group Ark Insurance
The PCAs reflect Ark’s consolidated balance sheet strength, which AM Best categorises as very strong, and its adequate operating performance, neutral business profile and appropriate enterprise risk management. The assessment is based on the group’s five-year business plan.
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NewsMarsh Commercial to administer new Government Film and TV Production Restart Scheme
Marsh Commercial is to administer the UK Government’s new £500 million scheme to kick-start film and television productions struggling to get COVID-19 related insurance. The Film and TV Production Restart Scheme, led by the Department of Digital, Culture, Media and Sport (DCMS) and Her Majesty’s Treasury (HM Treasury), will help ...
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NewsCar insurance startup Root raises $724.4 million in IPO
Shares in Root are due to begin trading on the Nasdaq today, 28 October 2020, under the symbol “ROOT.”
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NewsMercedes bets on evolution as Tesla touts revolution in automated driving
The Germans, pioneers in developing advanced driver assistance systems (ADAS), are taking a step-by-step approach to releasing new technology, waiting for their own engineers, rather than the general public, to validate their system.
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NewsAIG shares soar on plans to carve out general insurance from life
AIG’s executive management and Board believe a simplified corporate structure will unlock significant value for shareholders and other stakeholders.
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NewsStarr’s Marine Division launches terminal management system loss control programme
The TMS programme, developed in conjunction with industry experts, is a proprietary tool created to measure terminal operations against industry best practices
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NewsSlice Labs and AXIS Insurance collaborate to bring home based business insurance to small businesses
Slice labs has created an alliance with AXIS Insurance to distribute AXIS Home Based Business insurance to help protect small businesses. Home-based businesses comprise more than 50% of all small businesses in the United States. Traditional homeowners’ insurance policies are not designed to cover commercial claims, leaving home-based ...
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NewsSCOR marks Breast Cancer Awareness Month with a focus on providing Inclusive Insurance options for survivors
Following treatment and cure, returning to ‘normal life’ is one challenge for breast cancer survivors where insurance coverage can play a major role.
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NewsTokio Marine Holdings announces strategic partnership with Lemonade
Tokio Marine Holdings lnc. announces participation to the reinsurance programme of Lemonade, as of 7/1/2020, as the first step in a collaboration with Lemonade to explore strategic partnership. Tokio Marine Group has been endeavouring to create new and comfortable customer touch points and to enhance operational efficiency, by leveraging on ...
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News‘SIRC 2020 Re-Mind’ – enthusiastic support for the first-ever (re)insurance industry virtual event!
Heading the distinguished panel of speakers assembled for this virtual event is Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance, Mr Heng Swee Keat who will deliver the Official Keynote Address and announce the launch of the Global-Asia Insurance Partnership (GAIP), a new global centre of ...
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NewsLloyd’s to increase London Market BAME representation in long-term plan
A study from Lloyd’s found that 70% of black respondents saw their visual diversity as a barrier to promotion
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NewsCEOs call single-digit ROEs for reinsurers ‘crazy,’ ‘not acceptable’
A primary personal lines insurer may find a 7% to 9% return “perfectly reasonable,” but reinsurers “take the rump end of the exposures,” Young said. “We get all of the volatility.” As a result, reinsurers need to push for higher returns.
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NewsGVNW’s Mahnke urges insurers not to burn bridges
GVNW chair Dr Alexander Mahnke says insurers risk undermining relationships with their commercial buyers
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People & OpinionMarsh hires European risk management leader
Based in Stockholm, Carolina Klint will report to Siegmund Fahrig, CEO of Marsh Continental Europe
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NewsInsurer BI premiums insufficient for COVID losses - study
The pandemic exposed a massive protection gap in the area of business continuity risk, according to the Geneva Association and University of St Gallen
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NewsAXA strengthens partnership with Liverpool FC
AXA announces today the strengthening of its partnership with Liverpool Football Club, whose training kit it has sponsored since 2019. The enhanced partnership sees AXA become the Club’s Official Training Partner and secure the naming rights of Liverpool FC’s Training Centre ahead of the First Team’s move to the new ...
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FeaturesCovid-19 evolves role of the broker in insurance – Novidea
Technology now has a a bigger place in the market and this could free up time for brokers to look at more complex tasks
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NewsReuters: Japan Post Insurance says JGBs becoming attractive, may buy Japan shares
Japan Post Insurance expects the relative attractiveness of superlong Japanese government bonds (JGBs) is growing while it also considers buying Japanese stocks if the Nikkei falls below 20,000, the insurer said on today.
