News – Page 137
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NewsAXIS Capital comments on third quarter 2020 financial results
AXIS Capital Holdings today announced a preliminary net loss estimate in the range of $225 million to $255 million, pre-tax ($190 million to $220 million, after-tax) for third quarter catastrophes and other events.
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NewsAttune announces new BOP Product
Attune Insurance Services today announced the launch of a new Businessowners’ Policy with Accredited Surety and Casualty Company, Inc. (“Accredited”) serving as the carrier. The Businessowners’ Policy product written on Accredited paper is backed by a panel of reinsurers led by TransRe. Attune’s new BOP+ Businessowners’ Policy adds 135 new ...
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NewsCovid-19 to drive Lloyd's workplace innovation - John Neal
Neal said that Lloyd’s transformation is about reducing cost of doing business
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NewsGovernment calls for evidence in Pool Re review
It will run for six weeks, ending on 22 November 2020
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NewsGreece and Portugal count cost of September storms
Medicane Ianos brought rough seas, damaging winds, and flooding rainfall to western and southern regions of Greece
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NewsChina flood losses up to $32 billion
Total combined economic losses of seasonal monsoon flooding in China are likely to exceed CNY220 billion ($32 billion)
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NewsClyde & Co expands East Africa presence with Kenya association
Global law firm Clyde & Co is pleased to announce the opening of an associated office in Nairobi, Kenya. Clyde & Co’s association with Kenyan firm Kangwana & Co complements its three existing Africa offices and further expands its “on the ground” presence in East Africa. Operating as “Kangwana in ...
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People & OpinionAIG names Ronald Reeves Chief Diversity Officer
AIG today announced it has appointed Ronald Reeves as Chief Diversity Officer, effective immediately. This newly redefined and focused leadership role reflects AIG’s commitment to creating an inclusive workplace focused on attracting, retaining and developing diverse talent and fostering a culture of belonging for all employees. Mr. Reeves previously served ...
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People & OpinionAllianz appoints new head of claims operations
Allianz Insurance has appointed Graham Stait to the position of head of claims operations. In his new role, Graham will be responsible for leading the development and delivery of Allianz’s claims operational strategy, leveraging enhanced people, data and digital capabilities to drive continuous improvement and positive customer outcomes. In his ...
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NewsAllianz Insurance welcomes first online graduate intake
Enrolled across six schemes Allianz has welcomed 39 new graduates to its 2020 graduate programme. With degrees ranging from geography and economics through to history and politics the talented graduates will gain extensive exposure to the business and wide ranging career skills. The schemes are as follows: Management Trainee ...
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NewsAM Best assigns stable outlook to Indonesia’s Non-Life Insurance Market
Despite a bleak macroeconomic picture, Indonesia’s non-life insurance market is well-diversified and underpinned by solid capitalisation, supporting a stable outlook assigned to the segment, according to a new AM Best report.
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NewsEU insurance watchdog calls for more power after dividend divide
The European Union’s insurance watchdog called for extra powers to ensure fair competition after it failed to impose a common approach to suspending dividends during the COVID-19 pandemic. Gabriel Bernardino, chair of the European Insurance and Occupational Pensions Authority (EIOPA) said insurers have relatively robust capital buffers, but it had ...
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NewsMunich Re Specialty Insurance announces the appointment of Elizabeth Kramer as Chief Underwriting Officer
Munich Re Specialty Insurance announced today the appointment of Elizabeth Kramer as the Chief Underwriting Officer. Kramer will report to Mike Kerner, Chief Executive Officer, Munich Re Specialty Insurance. In this role, Kramer will oversee the underwriting strategy and execution as Munich Re Specialty Insurance continues to grow and diversify ...
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People & OpinionBerkshire Hathaway Specialty Insurance names Louise Kidd Head of Third Party Lines in Ireland
Berkshire Hathaway Specialty Insurance (BHSI) today announced that Louise Kidd has joined its growing European team as Head of Third Party Lines in Ireland. “As our Irish team continues to expand, we are delighted to have Louise leading our efforts to bring proven underwriting acumen and service to the third-party ...
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NewsLockton to Roll Out CyberCube’s Broking Manager
Lockton, the world’s largest independent broker, is rolling out CyberCube’s Broking Manager, the cyber risks analytics platform for insurance intermediaries. The business has over 100 offices in over 125 countries. CyberCube has designed and tailored Broking Manager specifically to the needs of the insurance broking community. It offers a streamlined ...
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ViewpointsLloyd’s sets out recommendations for building simpler insurance products in response to COVID-19
Lloyd’s today published a new report, Building simpler insurance products to better protect customers, which sets out a number of ways the global insurance industry could remove complexity and provide enhanced coverage clarity for their customers.
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NewsFERMA: Trust with insurers has been eroded
Service quality and relationships are being deteriorated as the commercial insurance market hardens, say panellists
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NewsFirst Spanish Insurer uses AI to assess vehicle damage
For the first time, an insurer in Spain – Admiral Seguros, the Spanish subsidiary of global insurer Admiral - is using Artificial Intelligence (AI) to create damage valuations and to generate an offer of immediate payment on damaged vehicles. To do this, Admiral Seguros is using an AI solution, ...
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NewsFERMA’s Wegener predicts “new era for risk management”
Dirk Wegener said the COVID-crisis has demonstrated the value of the risk profession - FERMA Seminar 2020
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NewsMental health: QBE research reveals employee mistrust
One in four UK employees are hiding mental health challenges from their employers, finds QBE
