News – Page 159
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News AgendaOman Insurance reports a Net Profit of AED190.5 million for 2019
One of the best performing in 5 years
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News AgendaSaudi Arabia bans insurance and re-insurance activities within the same firm
The Saudi Arabian Monetary Agency (SAMA) has prohibited combining insurance and reinsurance brokerage activities in the same company, effective immediately, it said in a statement on Thursday. The agency said it had taken the decision to increase the stability of the insurance sector, boost its contribution to national economic growth ...
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News AgendaLiberty sells Russian subsidiary
US insurer Liberty Mutual has sold its Russian business, almost eight years after acquiring it
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News AgendaAIG UK casualty head Browne quits for Berkshire
Hilary Browne becomes Berkshire Hathaway Specialty’s country manager for Ireland and head of casualty UK and Europe
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News AgendaMunich Re appoints CEO for Singapore and SE Asia
James Park takes on the chief executive role for Southeast Asia and Singapore at Munich Re
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News AgendaGlobal cats reach $56bn of insured losses in 2019 – Swiss Re
Secondary perils again accounted for the majority of catastrophe losses, globally
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News AgendaGuy Carpenter appoints Schepens Benelux CEO
Reinsurance broker announced the appointment of Patrick Schepens as CEO of the Benelux region, effective April 2020
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News AgendaThree BMS hires in its US reinsurance analytics team
Reinsurance broker BMS has hired three senior people to boost its US analytics
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News AgendaMS Amlin confirms exit from domestic UK P&C classes
Product lines include corporate property, real estate, casualty and package binders
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News AgendaZaffino appointed AIG president
New AIG president Peter Zaffino to continue as the US insurer’s global chief operating officer and general insurance CEO
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News AgendaAon charts in fall in EMEA M&A deal value
Transaction insurance market “remains resilient”, according to Aon, despite lower deal activity
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News AgendaLSM appoints Rubin terrorism underwriting head for North America
Liberty Specialty Markets said Jennifer Rubin would report to Alex Montoya, its president of US, Bermuda and Latin America
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News AgendaLaw firm Clyde & Co shares its 2020 insurance predictions
Insurance law firm recently added former Lloyd’s CEO Inga Beale to its board
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News AgendaThomas Miller announces new Americas CEO
Leo Kirchner replaces Mike Jarrett in the role of president and CEO of Thomas Miller Americas
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News AgendaSilent cyber needs modelling - CyberCube report
Risk models for cyber should include the weight ‘silent cyber’ risk residing within traditional non-cyber insurance products, CyberCube study says
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ViewpointsBlueprint One: a fundamental rewiring
Blueprint One has worthy aspirations and might do better than previous failed attempts to cut costs through technology at Lloyd’s, according to Bart Patrick, managing director for Europe at Duck Creek Technologies
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ViewpointsQ&A with Munich Re’s Farny: contrasting Asian insurtech with Europe
Tobias Farny is Munich Re’s chief executive for the Asia Pacific markets of China, Hong Kong, Taiwan, Australia and New Zealand
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News AgendaGeneva Association: trust building needed to narrow protection gap
Half of the respondents to a Geneva Association survey said an increased level of trust in insurers and brokers would encourage more insurance buying
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ViewpointsMunich Re’s Eckl: Japan, Korea, India driving Asia’s cyber market
New rules in South Korea mandated third-party cyber cover for SMEs, while Japan and India are also big buyers
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News AgendaInsurance firms lead spend on cyber security
UK finance and insurance firms invested the most on cyber security in 2018-19, according to a Specops study
