News – Page 105
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NewsIncoming Hiscox chief exec plans to build on broker relationships and boost digitisation
Hiscox group chief financial officer Aki Hussain is set to take the leadership reins from current chief executive Bronek Masojada on 1 January 2022.
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People & OpinionWTW appoints new global head of broking from Aon
Willis Towers Watson (WTW) has appointed Hugo Wegbrans as global head of broking and broking strategy within its risk and broking business segment.
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NewsDIFC Insurance community expands with Gen Re establishing Middle East presence in the centre
Second insurer owned by Berkshire Hathaway Inc. to expand its presence in the region; strengthens DIFC’s position as a centre of excellence for insurance and reinsurance locally and globally
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NewsInsurers to increase technology spend post-Covid – BlackRock
Nearly two-thirds of insurers are looking to increase their spend on technology over the next two years following accelerated digital transformation driven largely by the Covid-19 pandemic, according to research by investment management firm BlackRock.
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NewsGIC Re witnesses over four-fold jump in net profit to Rs 1,010 crore
General Insurance Corporation of India (GIC Re) on Wednesday reported an over four-fold jump in its net profit to Rs 1,010.55 crore for the quarter ended September 30.
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NewsOver two-thirds of UK workers ready to quit
The “Great Resignation” is here and job loyalty is a thing of the past as pandemic burnout begins to bite, finds Randstad UK
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NewsThe cost of a sustainable supply chain
How sustainability initiatives within the full lifecycle of goods and services benefits the bottom line and enhances reputations
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NewsOperational technology breaches grow by 83%
Cybercriminals are targeting critical infrastructure with ransomware as they are considered easy prey - Skybox Security
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NewsZurich’s property and casualty GWP up by 11%
Zurich reported that its property and casualty (P&C) gross written premiums were up by 11% at £31.2bn on a like-for-like basis in its Q3 trading update.
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NewsAllianz’s total revenue growth soars despite natural disaster burdens
Allianz’s total revenue growth has increased 9.5%, equalling €34.4bn – up from €31.4bn last year – in what the global insurer’s SE top boss stamps as its best third-quarter results yet announced yesterday (10 November).
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NewsCOP26: Global resilience index launches
GRII will help sectors across the global economy quantify the value of building climate resilience, and the costs of doing nothing
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NewsFlood Re chief exec urges focus on ‘Build Back Better scheme’ as ‘resilience is not being prioritised’
To tackle the “increased frequency of flooding and extreme weather events”, the UK must focus on using property flood resilience (PFR) measures for building repairs as part of Flood Re’s Build Back Better (BBB) scheme because currently, “resilience is not being prioritised”, according to Flood Re chief executive Andy Bord.
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NewsDemand for supply chain insurance to rise
The global supply chain crisis has exposed the limits of business interruption insurance - DBRS Morningstar
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NewsCOP26: Risk management “central” to climate mitigation
Insurance industry has a “unique contribution” in advancing understanding and sharing of climate-related risks - report
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NewsCOP26: International Sustainability Standards Board launches
Move represents a “major step forward in establishing consistent, comparable global reporting standards” - TCFD
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NewsBeazley reports GWP improvement of 29% for 2021’s Q3
Insurer Beazley has reported a 29% improvement in its gross written premium (GWP) for quarter three of 2021 – as at 30 September 2021, its GWP stood at $3,271m (£2,435m) compared to $2,534m for the same period in 2020.
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NewsHannover Re Q3 GWP 14% Combined Ratio 97.9%
Hannover Re increased its Group net income in the first nine months of the financial year by 28% and considers itself still in position to achieve the profit target set for the current financial year despite considerable major loss expenditure incurred in the third quarter.
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NewsAIG profit beats Wall St estimates on general insurance boost
AIG exceeded market estimates for quarterly profit on Thursday as its general insurance business faced fewer natural catastrophe and COVID-19 pandemic-related claims.
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NewsAxa extends oil and gas exclusions in fight against climate change
Axa has extended its oil and gas exclusions to help fight climate change and support the transition towards a low carbon economy.
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NewsAllianz appoints new approved repairer network to focus on green parts and EVs
Insurer Allianz has appointed a new approved repairer network (ARN), effective today (1 November 2021), focusing on bodyshops that can fix electric vehicles (EVs), recalibrate advanced driver assistance systems (ADAS) and offer green parts.
