News – Page 71
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NewsSwiss Re: Natural catastrophes in 2021: the floodgates are open
In 2021, there were more than 50 severe flood events around the world, resulting in combined economic losses of more than USD 80 billion.
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NewsLloyd’s boss John Neal hospitalised after cycle accident
The executive team will lead Lloyd’s while Neal recovers
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NewsCoalition launches ‘full-stack’ cyber insurer
A- rated carrier will target small businesses and brokers and is backed by Coalition’s Active Insurance platform
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NewsArdonagh Specialty joins Brokerslink network
The move strengthens the network’s access to the London and Lloyd’s markets
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NewsGulf Business News: DIFC, Global Ethical Finance Initiative join hands to support COP28 agenda
DIFC and GEFI aim to drive change across the world’s financial industry relating to delivering net zero, unlocking Islamic finance, financing nature and biodiversity, and financing sustainable development goals
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NewsLloyd’s of London resets systems following potential cyber attack
The international insurance marketplace detected ‘unusual activity’ on its network
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NewsFidelis introduces new fossil fuel restrictions
Pledges are in line with Fidelis’ recently made pledges as a member of the Net-Zero Insurance Alliance
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NewsSupport our transition journeys, FERMA urges re/insurers
Exclusions, limited or unavailable cover are ‘punishing’ insureds for embracing the green transition, says European risk association
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News Gallagher Re names Swiss Re’s Choniski head of Embedded Insurance
He will be responsible for creating an embedded insurance solution for clients in North America
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NewsAsta and Acrisure to launch 'low-touch' Flux syndicate
Flux is expected to generate gross written premium of £106.7 million in 2023, of which 70% is new to Lloyd’s
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NewsAvoid sensationalist renewal headlines - Tom Wakefield
Clients are leaving Monte Carlo feeling more confident about what they can get done, says Gallagher Re UK boss
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NewsInflation will “hurt” profitability of European insurers
Premium growth is expected to be slower and the average cost per claim is expected to rise, finds GlobalData
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NewsBeazley’s Syndicate 5623 gets ‘in principle’ approval
The Beazley Smart Tracker participates on London market broker facilities, line slips and consortia business using a ‘follow’ model
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NewsCyber rate rises of 300% ‘not uncommon’ - Miller
Despite ‘no material change in exposure’, insurers are upping premiums by 100% on average and reducing capacity
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NewsRe/insurers brace for cryptocrash impact
Insurers are likely to review or amend policy wordings to ensure they are not indirectly insuring losses
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NewsWTW buys climate risk analytics firm
Fintech Butterwire will be integrated into WTW’s Climate and Resilience Hub in Glasgow
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NewsAllianz partners with cyber MGA Coalition
Carrier will provide capacity for its US cyber insurance programs and lead Coalition’s UK cyber program when it launches
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NewsSwiss Re enters Lloyd’s Lab
The reinsurer has entered the accelerator’s eighth cohort with an ESG proposition
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