News – Page 179
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People & OpinionCapsicum Re appoints new chairman as it spruces up executive committee
Chief executive Rupert Swallow created ‘a close-knit but diverse core leadership team’ to help the firm grow
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People & OpinionWillis Re appoints new specialty casualty co-head
James Moss joins with more than 30 years of industry experience
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NewsFirms must change cyber security approach
The traditional approach to cyber security must be replaced by something that is more user-centric - Aon and CyberCube
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People & Opinion‘Future of insurance as insurtech’ more crucial than ever says Insurtech Board chairman
The future of insurance is insurtech and this is more important now than ever as the UK emerges from lockdown, according to the chairman of the Insurtech Board (Tech Nation UK).
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NewsLloyd’s calls for industry and government collaboration to mitigate future systemic risks post-Covid19
Lloyd’s of London is calling for close collaboration between insurers, brokers, customers, the global industry and government in designing cover for future systemic risks, which it says are complex.
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FeaturesDIFC position as the region’s reinsurance sector hub reconfirmed
The sector grew by 17.4% in 2019, representing the highest volume of premiums ever written in the market, further reinforcing the Centre’s position as the leading reinsurance hub in the region.
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NewsCovid-19 is the ‘watershed moment’ to improve cyber insurance penetration
Swiss Re detailed the recent history of the cyber insurance market during its virtual media day last week, highlighting how the coronavirus crisis has affected the market and how the pandemic could aid the product’s penetration…
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FeaturesTotus Re – the reinsurer for reinsurers
With the insurance industry taking a reputational hit during the pandemic, the two founders of Totus Re argue that a proactive stance could be a move in favour of the sector
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NewsTotus Re bags 30 sign ups since mid-May
The open collective is now looking for others that are interested in the model to join the conversation
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NewsUS riots a “catastrophe” event - PCS
The riots have become the first PCS-designated riot catastrophe event covering more than one state
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AnalysisREPORT: Global guidance on the integration of environmental, social and governance risks into insurance underwriting
After a multi-year global consultation process, leading insurers from around the world and the UN Environment Programme (UNEP) launched last the first global insurance industry guide to tackle a wide range of sustainability risks—from climate change, ecosystem degradation, pollution and animal welfare and testing; to child labour, controversial weapons, and ...
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NewsUK Pandemic Re group appoints Amber Rudd
Jon Dye, chairman of ABI and CEO of Allianz Insurance, has also agreed to join the UK Pandemic Re Steering Group
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NewsBriefing: Aon, Marsh, reinsurers - they will greatly benefit in the post-covid world
Shutdown risk will be a defining feature in companies risk mitigation planning - and insurers, reinsurers and brokers will take advantage
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NewsAIG reveals limited BI exposure despite $272m Covid-19 hit
Chief executive Brian Duperreault describes Covid-19 as “the single largest CAT loss the industry has ever seen”
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NewsWide area damage test could be insurers’ ace for refusing coronavirus BI claims
Professional services firm Marsh explores whether this argument could ‘extinguish Covid-19 claims recovery’
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NewsTaking a fresh approach with Charles Taylor InsureTech
GR spoke to chief commercial officer Tony Russell to see how the world of insurtech is changing, and how his business is tearing up the rulebook
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NewsSenior level decisions amid Covid-19 could spark fresh class action
Marsh discussed some exclusions that may arise and legal issues during its briefing on the pandemic last week
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NewsKBRA Releases Research – Coronavirus (COVID-19): Global Insurance Update
Kroll Bond Rating Agency (KBRA) releases updated views about COVID-19’s implications for the global insurance sector. COVID-19 is now officially a pandemic with unprecedented consequences. In this report, KBRA updates our previous views on the implications of the COVID-19 crisis for the life and property and casualty (P&C) insurance subsectors. ...
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NewsWorking from home hard to implement for some businesses during Covid-19
In a briefing last week, Marsh also revealed the four areas that businesses should prioritise during this global outbreak including regular communication with staff
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NewsGuy Carpenter and RiskGenius announce collaboration to revolutionize silent cyber analysis
Guy Carpenter announced today that it has entered into a strategic relationship with RiskGenius, to revolutionise the detection and qualitative analysis of silent cyber exposure across various lines of business.
