News – Page 106
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NewsHiscox boosts profit in first half of 2021
Chief executive confirms that nearly 4,000 full and final or interim BI claims payments have been paid as at the end of July
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NewsCFC names Graeme Newman CEO
As CEO, Newman will lead all aspects of CFC’s underwriting business based in London, including the company’s growing data, technology and operations functions.
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NewsSwiss Re posts strong profit of USD 1.0 billion in first half 2021
Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “We are very pleased with the improved profitability achieved by the Group in the first half of this year.
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NewsGallagher reports £2.1bn revenue rise for broker segment
Gallagher has reported a £2.1bn ($3bn) rise in revenue for its broker segment during the first half of 2020 in its Q2 results (29 July).
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NewsCII exposes cyber risk knowledge gap
More than half of insurance professionals have reported that their knowledge of cyber risks is virtually non-existent, despite their employer providing cyber cover, according to research by the Chartered Insurance Institute (CII).
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NewsMore funding for flood risks insurer
HSCM Bermuda is among the latest investors in an American flood specialist insurance company.
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NewsRegulatory bodies hit financial services D&Os with fines in the millions – BLM
A lack of cover for regulatory fines creates ‘a double-edged sword’ for company directors and officers
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NewsProtestor throws green paint at Lloyd’s building to ‘highlight shameless greenwashing’
Yesterday morning (28 July 2021), an activist from climate change action network Insurance Rebellion was arrested after throwing a bucket of green paint over the Lloyd’s of London building at 1 Lime Street.
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NewsAborted Aon WTW deal a “victory for competition”
Insurance buyers stand to benefit from greater choice as regulators lose appetite for monopolistic tie-ups - Brokerslink
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NewsMcLarens taps Broadspire in TPA expansion
Reporting into global head of TPA, Kirsten Early, the six-strong team will support the development of McLarens’ TPA capabilities
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NewsGlobal commercial insurance prices increased by 15% in Q2 – Marsh
Global commercial insurance prices increased by 15% in Q2 2021, according to the Global Insurance Market Index released today (27 July 2021) by Marsh.
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NewsBought By Many scoops ex-Spotify lead as new chief product officer
Bought By Many has hired former Spotify design lead Lidia Oshlyansky as its new chief product officer.
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NewsLloyd’s of London hires ex-cabinet secretary Sedwill in council role
Lloyd’s of London has hired Mark Sedwill, Baron Sedwill of Sherborne, as its senior independent director and deputy chair of Lloyd’s Council.
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NewsCDL reports £52.7m turnover for 2020
Insurtech CDL has reported a £52.7m turnover for the 12-month period ending 30 September 2020, as well as £11.5m in pre-tax profits.
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NewsArdonagh Group creates new European business
The Ardonagh Group has announced the creation of Ardonagh Europe as it prepares to expand its buy and build model.
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NewsAon and WTW call off mega merger
Brokers terminate merger agreement following “an impasse” with the US Department of Justice
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NewsBeware the catastrophe COVID clash
A major catastrophe impacting Florida, California, Texas, Missouri, or Louisiana could be complicated by COVID-19
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NewsAon: Nat cat losses reach $93 billion in 1H
Fatalities due to temperature extremes were the deadliest type of disaster during the first six months of 2021
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NewsInsurers must ‘increase their knowledge and expertise’ around cyber risks
If global multiline insurers do not stay on top of cyber trends, potential claims may ‘no longer be insurable in an extreme scenario’, says insurance director
