News – Page 171
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PublicationThe InsureTech Revolution: a roundtable debate hosted by GR and Charles Taylor InsureTech
Insurance technology efforts should be about customer-driven outcomes, not just technology-driven solutions. GR and Charles Taylor InsureTech hosted a roundtable debate in Dubai to discuss how insurance firms can do better.
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News AgendaCatlin back in the game to launch startup re/insurer Convex
Paul Brand and Stephen Catlin have launched a $1.8bn re/insurance start up, named Convex
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News AgendaThe risk landscape's shift away from easily insured threats
Politics, protectionism and unpredictability are adding to uninsurable aspects of the commercial risk landscape, according to Aon
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News AgendaThree insurers launch reputational risk consortium
A new London market consortium will offer insurance and crisis management solutions to mitigate reputational risk, with Beazley at the head of the slip
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News AgendaGreenlight diversifying amid Lloyd’s specialty scramble – CEO interview
Last year’s performance review by Lloyd’s has led to opportunities in aviation, marine and energy business, Greenlight Re’s CEO, Simon Burton, tells GR
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News AgendaAl Zain appointed CEO at Bahrain’s Trust Re
Downgrade-hit Trust Re has announced a new chief executive to lead the reinsurer
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News AgendaRelentless decline in reinsurers’ underlying RoE – Willis Re report
Underlying RoE fell to 2.7% as an average across reinsurers writing natural catastrophe risks in 2018, just part of a “relentless decline since 2013”
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News AgendaAon combines its construction, engineering and inland marine teams
Reinsurance broker aligns to the approach of many carriers underwriting the three risks together
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News AgendaCovea still wants to buy a reinsurer
French insurer Covea still wants to make a reinsurance acquisition, despite its failed takeover plan for Scor
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News AgendaLatam fac combined across Marsh, Guy Carpenter and JLT
Newly branded Carpenter Marsh Fac Re will combine the broker’s facultative reinsurance business for Latin America
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News AgendaNimble and niche – Q&A with a cyber market MGA
Ari Chatterjee is chief underwriting officer for Envelop Risk, a start-up MGA in Bermuda, using machine learning tools to price cyber risks, with underwriting capacity supplied by MS Amlin
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AnalysisPRA adds climate risk to UK insurers’ stress tests
The City’s supervisor will include physical and transition risk scenarios for climate change in its market-wide insurance stress tests this year, a Bank of England speech has revealed
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PublicationDWIC Report 2019: Where MENA markets meet
This year’s DWIC event featured a number of themes, including the need for product innovation, the rise of insurtech, pricing competition in health and motor markets, steps towards insurance penetration, progress for Takaful products, Dubai’s continued importance as the Middle East regional re/insurance hub, and reinsurers under continued pressure
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News AgendaAxa could be exposed to Notre-Dame fire
French company Axa insured two of the contractors making renovations to the 12th century cathedral when fire broke out
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News AgendaReinsurers weathering the storm – Aon
A 3% drop in total global reinsurance capital in 2018 needs to be taken in the context of nearly 30% capital increase since 2011, according to Aon
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AnalysisIndia’s market should favour insurtech
Low penetration but high potential in India’s re/insurance market should favour insurance technology, speakers said at an India-UK event in London
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News AgendaSecondary perils are causing the bulk of cat losses – Swiss Re Sigma
Events such as wildfires and floods, so-called secondary perils for catastrophe risk re/insurers, constituted some 62% of insured losses from natural catastrophes in 2018, and more than 50% the previous year
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News AgendaAon points to rising populism and terrorism risks in Europe
A surge in support for populist politicians and an uptick in the number of attacks by far-right terrorists have created an increasingly complex risk environment for firms, according to re/insurance broker Aon
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News AgendaGallagher appoints Thompson as UK specialty, wholesale CEO
John Thompson has been announced as the new permanent CEO of Gallagher’s specialty London market and wholesale businesses
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News AgendaCat losses and investments keep London carriers out of profit
Beazley and Hiscox managed underwriting profits in 2018 due to their non-catastrophe exposed specialty classes, according to Fitch Ratings
