News – Page 190
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News
Indian tech giant NIIT wins major deal with Gallagher MGA
NIIT to help Gallagher MGA in US and UK
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Duck Creek deal a gamechanger for clunky reinsurance technology processing
Duck Creek strikes deal with cloud-based tech firm that will revamp reinsurance processing
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WTW launches DACH hub
Willis Towers Watson (WTW) is bolstering its corporate risk and broking position in Western Europe by establishing a facultative reinsurance hub across the German-speaking ‘DACH’ region – Germany, Austria, and Switzerland. Gerhard Hurek will lead the hub as head of DACH facultative reinsurance. Hurek previously led the facultative business at ...
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Guy Carpenter brings Yoder on board for innovation and analytics
Guy Carpenter has appointed Claude Yoder managing director and global chief innovation and product development officer. Yoder took up the post, based in New York, on 18 September. He reports into managing direct and head of global strategic advisory Rob Bentley. Yoder steps into his role from his last position ...
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Pace of change accelerating – Lloyd’s CEO
No silver bullet for adapting to technology trends, Beale warned, but denial is not the answer
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Crawford's WeGoLook unveils self-service claims app
Loss adjuster Crawford’s WeGoLook debuts new real-time self-service claims app
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Hiscox coaching underwriters for market turn
London market insurer Hiscox is coaching underwriters for upcoming renewals talks with brokers
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Analysis
Geopolitical risks causing financial loss to business
Many companies have developed new risk mitigation strategies in response, study finds
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US disruptor Lemonade unveils Zero Everything policy
Insurtech disruptor Lemonade offers option with no deductibles or post-claim rate increase
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Lloyd’s bracing for multi-billion-pound hurricane hit
Lloyd’s to take big hurricane hit for Harvey and Irma
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Analysis
Dive In Festival 2017: London Market aims to dismantle 'white male dominance'
London Market described as ‘last bastion of white male dominance’
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Lloyd’s hires industry heavyweight to lead risk aggregation
The new head will take up the post at the end of the year
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IAIS calls for proportional supervision for mutuals and cooperatives
Mutuals and cooperatives see step forward in campaign for proportional supervision
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Allstate braces for a $576m hit from Harvey
Allstate estimates gross catastrophe loss of $576m from Hurricane Harvey, excluding homeowners flood. The net loss after reinsurance recoveries is estimated to be $553m, with 55% of the losses coming from auto coverage. The firm acknowledged that there was a still uncertainty around the estimate saying: “Given the complexity of ...
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Hurricane Maria keeps Caribbean on its knees after Irma
Hurricane Maria could test financial strength of Caribbean property market
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Hiscox UK hires ex-GCHQ director in cyber push
Hiscox UK cyber push continues as it hires former GCHQ cyber expert credited with bringing the organisation into the digital age
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XL Catlin plans move to Dublin for EU insurance operation
The XL Catlin move is a response to Brexit
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Ed hires new MENA and India lead
Ed turns to region expert for headship of key emerging markets