News – Page 111
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NewsAviva to exit Turkey
The transaction is expected to complete this year, but is subject to closing conditions and regulatory approval
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NewsWTW and Liberty partner to provide reputation cover
The solution is available globally and initially to clients in the leisure & hospitality, manufacturing, retail and transportation sectors
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NewsESG drives better financial performance - study
Sustainability initiatives drives better financial performance due to improved risk management and more innovation
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NewsCaptive formation picks up in Guernsey
The jurisdication expects to see a “significant rise” in 2021 against the backdrop of a hardening commercial insurance market
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NewsManaging risk in a volatile world
Risk leaders must work on strategies and business models to help their firms achieve their objectives in the new environment
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News2020 figures highlight resilience of Cayman International Insurance
2020 saw further increases in the number of Cayman reinsurance captive/company formations, a trend that is expected to continue into 2021 and beyond.
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NewsSwiss Re reports strong underlying performance in 2020, despite large losses related to COVID-19
Swiss Re reported a Group net loss of USD 878 million for 2020. Excluding USD 3.9 billion of COVID-19-related claims and reserves (pre-tax) for the year, Swiss Re’s net income was USD 2.2 billion, a material increase from USD 727 million in 2019. Based on the Group’s ...
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NewsAllianz Insurance exposed to BI claims through broker wordings
Chief executive adds that the insurer has seen 3,000 new business interruption claims following the Supreme Court’s judgment in January
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News2021, a year of opportunity – Nexus
In the January-February issue, Colin Thompson, Nexus Underwriting Management’s group chief executive tells Insurance Times how those businesses that learnt from the challenges of 2020 will be one step ahead this year
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NewsAllianz Insurance sees 5.6% drop in GWP due to Covid-19 impact
The insurer says the total impact of coronavirus-related business interruption claims is £175m, net of reinsurance
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NewsTechnology will continue to drive M&A – Clyde and Co
The law firm says that technology will continue to be a key feature of deals in the coming year
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NewsM&A set to soar in 2021 – Clyde and Co
In the law firm’s report released yesterday, it revealed that dealmakers’ appetites have returned after the hit of the pandemic
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People & OpinionArch Managing Agency confirms new managing director
The new hire, who has more than 20 years of industry experience, will provide ‘robust management oversight’ says Arch Insurance International chief executive
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NewsRock Insurance Group reveals new underwriting agency
The underwriting agency looks forward to building successful broker partnerships
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NewsMotor insurance premiums predicted to fall by up to 10% in 2021 – PWC
Home insurance premiums are also expected to decrease by 4% to 8%, says the professional services firm
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NewsUAE’s Oman Insurance records its best net income in 5 years, at Dh196.5m
For OIC, a focus on “risks having the right pricing” and “non-compromise” on cash collection paid off. Another gain was made on cost control, with general and admin expenses dropping Dh8 million to Dh282.8 million.
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NewsFlorida consumers ‘flabbergasted’ as property insurers push for double-digit rate hikes
Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a wave of litigation, and a law that encourages lawyers to sue by allowing courts to award them big fees. The rate increases in Florida, the third-largest property insurance market among ...
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NewsAfrica Specialty Risks Group partners with GIC of India and Peak Re to launch new capacity through its MGA
In the near future, ASR will be expanding its current line up to include Political Violence and Terrorism, Liability, Construction, and Parametric covers for its clients. To support its business across the continent, ASR has established a fully licenced reinsurer in Mauritius.
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NewsBuffett’s Berkshire reveals big stakes in Verizon, Chevron
To make room, Berkshire reduced its investments in several companies including Apple Inc, though at approximately $121 billion the iPhone maker remains by far its largest common stock holding.
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NewsQIC Group reports QR12.2bn gross written premiums in 2020
Doha: Qatar Insurance Group’s, the leading insurer in the MENA region, gross written premiums for the year have remained stable at QR12.20bn, compared to QR12.06bn for 2019. The Group yesterday announced its financial results for 2020.
