News – Page 104
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NewsHannover Re Q1 GWP up 16.8%
Hannover Re again posted double-digit growth in premium income in the first quarter and at the same time delivered modestly improved Group net income.
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NewsQ1 commercial insurance prices rose 18%
Quarter is the first to show a fall in the average rate of increase since Q4 2017; UK continues to lead with rate hikes of 35% - Marsh
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NewsAustralian Insurers welcome reinsurance pool committment
A Reinsurance Pool Working Group of insurers was established to work through the Northern Australia cyclone risks. This group will now turn its attention to working with the Federal Government’s announced design and consultation process to determine the operation of the pool.
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NewsAXA XL teams up with SpaceAble to support safe and responsible activity in Low Earth Orbit
AXA XL Insurance today announced it has established a global partnership with SpaceAble, a start-up specialising in Space Situational Awareness (SSA), to better support satellite operators and organisations operating in space.
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NewsChubb and Marsh in world’s first Covid vaccination insurance deal
Chubb and Marsh have announced a collaboration with the World Health Organisation (WHO) and Gavi the Vaccine Alliance (Gavi) that has secured insurance coverage for eligible individuals in 92 lower-income countries and economies up to $150m.
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NewsAviva extends building insurance to new customers with cladding woes
The insurer wants to provide a ’transparent, sustainable framework’ to help residents whose buildings have external combustible cladding
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NewsZurich warns e-commerce boom could spark warehouse blaze uptick
Zurich has warned of a potential increase in warehouse blazes as the pandemic-propelled e-commerce boom has sparked a surge in demand for storage and distribution space.
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NewsCanadian insurtech APOLLO partners with Lloyd’s of London
Launched in April 2019, APOLLO now offers the largest selection of online insurance in Canada. In January 2021, APOLLO announced the close of a CAD $13.5 million Series A financing round.
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NewsWillis Towers Watson Q1 revenues up 5%
“Willis Towers Watson had an encouraging start to the year with strong first quarter results,” said John Haley, Willis Towers Watson’s chief executive officer.
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NewsNexus and Allianz Global Corporate & Specialty Sign Four-Year Financial Lines Deal
Allianz Global Corporate & Specialty (AGCS) and Nexus Group announced today a four year multi-product strategic underwriting and claims delegated authority agreement with immediate effect, specifically for small and medium-sized enterprises (SMEs) customers.
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NewsSwiss Re Q1 net income of $333mln P&C Re combined ratio 96.5%
Swiss Re’s Group Chief Financial Officer John Dacey said: “The return to profitability this quarter in our property and casualty businesses underlines the earnings potential of our diversified business model.
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NewsTrade association makes written intervention for Lloyd v Google
Law firm RPC, representing techUK, says its client is ’uniquely placed’ to make a written intervention and highlight the consequences for the wider technology community
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NewsMotor market is ‘substantial opportunity’ for Lemonade post-covid – GlobalData
Lemonade has a “substantial opportunity” to capitalise on the motor insurance market post-pandemic, according to data and analytics firm GlobalData.
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NewsWTW - Global InsurTech investment reaches all-time high of US$2.55 billion in Q1 2021
The number of mega-rounds reached eight, more than any other three-month period, according to the new Quarterly InsurTech Briefing from Willis Towers Watson.
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SCOR Global P&C Q1 GWP up 5.6% combined ratio 97.1%
In Q1 2021, SCOR’s financial results have been impacted by the unique combination of known and modelled Covid-19 claims development and a series of large natural catastrophes, driven by a polar vortex causing Texas Winter Storm Uri.
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NewsReuters: EXCLUSIVE - Aon's $30 bln Willis deal set to win EU approval - sources
Insurance broker Aon is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson without having to offer more concessions, people familiar with the matter said.
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NewsUAE and UK set to sign multibillion-pound clean energy and tech investment deals
Britain’s Office for Investments, an agency set up this year to promote and channel investments into the UK, expects to get more clarity on the size and scope of potential deals and how they will be structured by the end of June.
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NewsExtinction Rebellion dumps fake coal at Lloyd’s in fossil fuel protest
The action marks the first protest for coalition Insurance Rebellion, which is targeting Lloyd’s
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NewsAon-WTW merger comes down to divestment deals
Smaller brokers may be able to pick up bargains as Aon and WTW look to dispose operations to get merger green light
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NewsMike Bruce: Successful M&A ‘comes down to the quality of the businesses and why you are buying them’
Acquisition strategies need ‘a much more thoughtful model’ than ‘let’s buy everything that moves’ says chief executive
