News – Page 143
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NewsArdonagh EBITDA up 30% as specialty business drives growth
Chief executive David Ross said the result was testament to the broker’s resilience in the face of Covid-19, aided by the group’s diversified portfolio
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People & OpinionStarr Insurance Companies Appoints Andy Trundle as Head of Global Aviation
Starr Insurance Companies today announced the appointment of Andy Trundle as head of global aviation. Mr. Trundle is responsible for shaping the strategies to drive profitable growth for the division across all aspects of Starr’s aviation portfolio, including airlines, general aviation, light aviation and aerospace.
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NewsNCOIL launches special committee on race in underwriting
The National Council of Insurance Legislators (NCOIL) has announced the creation of the NCOIL Special Committee on Race in Insurance Underwriting. The committee will be chaired by New York Sen. Neil Breslin, former president of NCOIL. “After careful deliberations with my fellow officers, we all determined that NCOIL needs to ...
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People & OpinionIUA announces new chairman
Patrick Tiernan, Managing Director UK Commercial Lines & Global Corporate & Specialty at Aviva, has been elected as the new Chairman of the International Underwriting Association. He takes over from Malcolm Newman, Managing Director of the SCOR EMEA Hub. In addition, the association has announced two new Deputy Chairmen: Rob ...
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NewsReuters: Aviva in talks for piecemeal sale of Italy business: sources
Aviva is weighing a piecemeal sale of its Italian business which consists of two joint venture agreements focused on life insurance as well as general insurance policies handled by a network of agents, sources familiar with the matter said. The British insurer, which is also working on the possible sale ...
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NewsBupa Global launches new Executive Wellbeing Index
Today Bupa Global has launched its Executive Wellbeing Index, the first report of its kind to look at the impact of the coronavirus pandemic on global business leaders and wealth creators who will shape the post-COVID world. The new research, commissioned among almost 2,000 high net worth individuals (HNWIs) and ...
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NewsChina to tighten supervision of country's online insurance business
China’s banking and insurance regulator issued draft rules on Monday to rein in risks accumulated in country’s booming online insurance sector. The rules, on which the regulator is seeking public feedback till Oct. 28, will ban unlicensed institutions and individuals from participating the online insurance businesses, including selling and offering ...
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NewsAXA XL in India to plant 30,000 trees and create a biodiversity park in Delhi
AXA XL in India has partnered with charity, Give Me Trees Trust, to embark on an ambitious three-year project to plant 30,000 trees and create a biodiversity park in Jaunapur, Chhatarpur, New Delhi. A healthy biodiversity helps to breakdown and absorb pollution and provide resilience to climate change. The new ...
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NewsBest’s Market Segment Report: Tough Operating Conditions Present Challenges for Sub-Saharan Reinsurance Markets
For many years, the reinsurance markets of sub-Saharan Africa, though small by global standards, have provided global reinsurers with an opportunity for diversification and profitable revenue growth. However, according to an AM Best report, competition and rising acquisition costs have led to a gradual deterioration in the performance of market ...
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People & OpinionMatt Paskin and Theo Butt appointed CEO of Convex Re (Bermuda) and CEO of Convex Insurance UK respectively
Convex, the international specialty insurer and reinsurer, is delighted to announce that Matt Paskin has been appointed as CEO of Convex Re Limited (Bermuda) and Theo Butt has been appointed as CEO of Convex Insurance UK Limited (London); these appointments are subject to regulatory and immigration approvals. These positions were ...
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NewsDIFC FinTech Hive’s Accelerator programme to advance the role of women in financial services
DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, revealed the 2020 launch of AccelerateHer, a female-focused career mentorship accelerator programme to empower women in financial services. The programme equips young, aspiring female executives with tools and experience to ...
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NewsInsurance stocks are ruling on UAE indices, with Salama leading the pack
UAE investors widely share the view that insurance sector shares have performed oustandingly this year. An analysis of the sector will however throw some interesting findings. Among insurance companies with a market capitalisation higher than Dh300 million and a Trailing Twelve Month (TTM) revenue greater than Dh200 million and net ...
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People & OpinionMarsh Appoints Tamara Simpkins Franklin as Chief Digital, Data, and Analytics Officer
Marsh today announced the appointment of Tamara Simpkins Franklin as Chief Digital, Data, and Analytics Officer, effective October 1. Based in New York, she reports to John Doyle, President & CEO of Marsh. In this role, Ms Franklin will be responsible for designing and implementing digital technologies and enhancing the ...
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NewsMetLife to Reduce Emissions by 30 Percent and Originate $20 Billion of New Green Investments By 2030
Over the next 10 years, MetLife, Inc. (NYSE: MET) has committed to reduce its location-based greenhouse gas (GHG) emissions by 30 percent from 2019 levels, originate U.S. $20 billion in new MetLife Investment Management (MIM)–managed green investments, and allocate U.S. $5 million to develop products and partnerships that drive climate ...
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NewsMunich Re issues green bond
For the first time in its history, Munich Re has issued a subordinated green bond, with the volume issued amounting to €1.25bn. This bond highlights Munich Re’s commitment to using the capital markets to help achieve a climate-friendly transformation of the economy. Munich Re will use the raised capital to ...
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NewsAon democratizes access to catastrophe data by supporting open data formats curated by Oasis
Aon is enabling re/insurers to easily convert their catastrophe data into the Open Exposure Data format to allow more vendor model choice and enable broader risk management insights. Following the costliest decade on record, economic losses from natural disasters reached USD75 billion in the first half of 2020 and reinforced ...
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News
Time is running out for businesses to get Brexit-ready
With just a few months left of the transition period, risk managers have substantial work to do to get Brexit-ready. A panel of experts at Airmic Fest outline what needs to take top priority for firms.
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NewsThree trends that will shape the world
Four experts at Airmic Fest identified longevity, digitalisation and climate change as three trends that will change the way we do business. Here’s how they’ll affect risk management.
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NewsNDML and NTIA urge Hiscox to pay interim BI claims
The broker and trade body encourage insurance firm to take ‘the ethical approach’ and pay 50% of policyholders’ claims now
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NewsHow Amazon’s latest insurtech tie-up could be template for disruption
Tech giant Amazon recently partnered with an insurtech instead of an incumbent, Altus’s consultant Patrick Hayward tells Insurance Times why this move is an important one
