News – Page 167
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News AgendaInsured cat losses fall to $19bn in 2019’s first half – Swiss Re
Insured catastrophe losses for the first half of the year have shrunk to $19bn in 2019 from $26bn last year
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News AgendaTyphoon Lekima: China’s insured losses to exceed CNY 6bn – AIR
Cat modeller AIR Worldwide has put a CNY 6bn ($0.85bn) estimate on insured losses from Lekima, Asia’s ninth typhoon this year
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News AgendaMarsh finds rise in W&I claims amid surge in EMEA demand for M&A cover
A sharp rise in warranty and indemnity claims notifications comes as more European firms make greater use of the insurance cover for mergers and acquisitions
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AnalysisChina fears amid Africa’s protection gap optimism - Afro-Asian event at Lloyd’s
Africa’s re/insurance market is fearful at lost business going straight to China, amid the optimism about infrastructure projects, technology and economic growth closing the continent’s protection gap. David Benyon reports
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News AgendaBeazley’s Roscoe to lead ‘smart tracker’ Lloyd’s syndicate
Roscoe joined Beazley from Willis in 2011 as an underwriter in its open market property team
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News AgendaCommercial insurance pricing up 6% globally – Marsh study
Insurance broker reports commercial lines pricing increased 6% in Q2, marking the seventh consecutive quarter of rising rates globally
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News AgendaThe loss creep goes on, as decline in ILS volume continues into Q2
Willis Re Securities’ report of the ILS market at the year’s halfway point focuses on balance between relationships and a transactional approach to reinsurance
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News AgendaFuture of RSA’s London commercial business “under review”
RSA chief executive Stephen Hester says remaining London commercial business “will stay under careful review”
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News AgendaNew CUO and CEO at Fidelis in Dublin
Simon Crone has been promoted to CUO for Fidelis’ Ireland-based business
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News AgendaLloyd’s Lab names 11 new insurtechs for its innovation accelerator
More than 130 applications were received from across the world for the third cohort of the Lloyd’s Lab, according to Lloyd’s
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News AgendaChubb names Ortega new overseas insurance president
Juan Luis Ortega swaps his role as regional president for Latin America to lead all Chubb’s non-US business regions
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News AgendaBusti appointed Axis Re’s North America president
Swiss Re veteran Jason Busti has joined rival reinsurer Axis Re as its North American president
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News AgendaPartnerRe gets ratings boost from AM Best
Rating agency upgrades Bermudian reinsurer PartnerRe, following “prudent risk selection and retrocession usage”
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News AgendaHiscox Re-shuffle; McConnell heads to New York job
Megan McConnell has been named Hiscox’s new chief underwriting officer in the US
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News AgendaArch adds Barbican to acquisitions basket
Bermuda’s Arch Capital has bought London market carrier Barbican Group for an undisclosed sum
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ViewpointsQ&A: Opportunities in Africa – closing the protection gap
Africa is a $67bn insurance market but still lacks re/insurance penetration relative to the continent’s vast risk transfer potential. Q&A in association with Afro-Asian Insurance Services, speaking with the broker’s managing director, Udai Patel
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News AgendaInsurtech P&C investments up 283% in 12 months; “record high” 36 reinsurance deals in Q2
This year’s Q2 was the fourth consecutive quarter during which total new insurtech funding commitments exceeded $1.2bn, according to Willis Towers Watson
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News AgendaNat cat losses below average at half-year point – Aon
The reinsurance broker tracked natural catastrophe insured losses of $20bn – 26% lower than the 18-year average of $27bn
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News AgendaCyber war – Capsicum paper urges reinsurance to lead the debate
A paper from re/insurance broker Capsicum Re explores attribution in cyber warfare
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News AgendaBrit appoints insurtech veteran Birch to lead innovation
Brit has created a new head of innovation role, reporting to the insurer’s CEO
