News – Page 130
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NewsDigital Production as a Service: Porsche, MHP and Munich Re found the “FlexFactory”
This aims to make the production of small series of all kinds of different products in the manufacturing industry more flexible and cost efficient.
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NewsAon enhances its global tropical cyclone models with climate risk scenarios from Columbia University collaboration
This enhancement will enable insurers to quantify climate risk in their portfolios and make adjustments that will inform better decisions on pricing, investments and exposure management both today and over the long term.
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NewsBrokers to blame for lack of pandemic focus in FTSE 100 boardrooms – Mactavish
The firm’s chief executive believes organisations have been ‘wasting their money’ on broker advice if pandemic risks have not been mentioned
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NewsAston Lark buys two specialist brokers
Aston Lark announces its second round of M&A activity within a week
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NewsTerry returns: Quindell founder targets huge stock market launch
Quindell founder Rob Terry is making a comeback with plans to launch a billion pound company.
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NewsHiscox Re & ILS: Increasing ransomware attacks demands action from (re)insurers
The rise in frequency and severity of ransomware incidents calls for a response from the (re)insurance industry. Conor Husbands – Specialty Underwriter, and Devin Page – Head of Specialty, Hiscox Re & ILS explain more…
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People & OpinionArdonagh Specialty names new leadership team
Specialty is one of Ardonagh’s four platforms, alongside Retail, Advisory and Ardonagh Ireland. It recorded £152m pro forma income in the 12 months to 31 March 2020, and 10.7% organic growth for the quarter.
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NewsChaucer grows with new branch in Bermuda
James Holliss, Chaucer’s Head of US Property Treaty, has transferred to Bermuda to lead the operation, which will consider business on a primary, quota share and excess of loss basis.
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NewsHurricane Iota: Category four storm hits Nicaragua
The US National Hurricane Center (NHC) said the storm crossed the coast on Monday evening.
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NewsEU regulators to decide on $30 billion Willis, Aon deal by December 21
Aon has sought EU antitrust approval for its $30 billion bid for Willis Towers, with the EU watchdog setting a Dec. 21 deadline for its decision, a filing on the European Commission website showed on Monday.
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NewsUK businesses not covered for pandemic, insurers tell Supreme Court
Major insurance companies told the UK Supreme Court on Monday that thousands of small companies battered by the coronavirus pandemic were not eligible for business interruption payouts and to suggest differently was “reverse engineering”.
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NewsCybersecurity is top business worry in ‘age of risk’: Marsh & McLennan CEO
Cybersecurity has emerged as the most pressing exposure for business confronting a new “age of risk,” topping the coronavirus pandemic and climate change, in part because cybercrime is so pervasive, the head of Marsh & McLennan said on Monday.
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NewsSustainability: The road to mandatory climate change disclosures
Pressure is mounting for organisations across all industries to better understand, report on and mitigate the impact that climate change is having on their businesses
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NewsBank of England warns insurers risk unexpected COVID losses
Insurers in Britain risk being optimistic in estimating losses from COVID-19 related claims and should stress test their underlying assumptions, the Bank of England said on Friday.
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NewsUK regulators will intervene if full Brexit upends markets, says FCA’s Delfas
Regulators are vigilant and ready to intervene if Britain’s full departure from the European Union on Dec. 31 risks creating disorder in markets, Britain’s financial regulator said on Thursday.
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NewsBrookfield Asset Management announces strong Q3 Results, Regular Dividend and the launch of BAM Reinsurance
“BAM Reinsurance is intended to provide our shareholders with a choice of holding either shares of Brookfield or the new shares of BAM Reinsurance, depending on what is most attractive to them based on their own circumstances,” stated Nick Goodman, Chief Financial Officer of Brookfield
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NewsCovid-19 losses ‘not a major concern’ for Zurich, as group releases Q3 trading update
Property and Casualty claims relating to Covid-19 remained unchanged at $450m (£342m) up until 30 September for Zurich according to its Q3 trading update released today.
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NewsWillis Towers Watson buys climate change advisory business
Global advisory and broking business Willis Towers Watson (WTW) has bought climate change adaptation advisory and analytics business Acclimatise in order to broaden its service offering around physical climate risk and resilience.
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NewsStruck out BI claim proves there is no ‘public policy move’ following test case
Barrister says that not all business interruption claim cases will follow the trajectory of the FCA’s test case and that not all clauses will be interpreted in favour of the policyholder
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NewsOrient Express Supreme Court judges to hear FCA test case appeal
Among the bench of Supreme Court judges chosen to hear the appeal of the FCA’s test case next week are legal professionals that ruled in the historic Orient Express Hotels v Assicurazioni Generali case, which was cited by the majority of insurers in their defences at the High Court – ...
