News – Page 85
-
NewsQIC Group nine-month net profit jumps 491% to QR511m
Qatar Insurance Company (QIC), has reported a net profit of QR511m for the first nine months of this year witnessing a 491 percent rise compared to the same period in 2020.
-
NewsExor and Covéa sign Memorandum of Understanding for the sale of PartnerRe for $9 billion
The acquisition of PartnerRe is fully consistent with Covéa’s long-term strategy to anticipate the evolution of the global insurance environment through international growth and through the diversification of products, risks and geographies.
-
NewsGDP an “unsustainable” measure of growth
Global wealth has grown overall, but at the expense of future sustainability and by exacerbating inequalities, warns World Bank
-
NewsLloyd’s joins Net Zero Insurance Alliance
Corporation has committed to transition all of its operational and attributable greenhouse gas emissions to net-zero by 2050 at the latest
-
NewsLeaders from World Alliance of International Financial Centers convene in Dubai for the first time at DIFC
Arif Amiri, CEO of DIFC Authority, commented: “DIFC is delighted to be hosting the World Alliance of International Financial Centers’ Annual General Meeting. It is the first time leaders from financial centers across the globe have chosen to convene in Dubai.
-
NewsLarge protests to disrupt Glasgow during COP26
While most will pass peacefully, there is the potential for mass disruption and an underlying threat of violence, warns Dragonfly
-
NewsLessons in compliance from the Pandora Papers leak
The latest leak has opened up a “Pandora’s Box” of issues. How should compliance teams respond?
-
NewsPing An Insurance sees 31.2% profit drop on shrinking returns, premium income
Ping An Insurance Group posted a 31.2% fall in third-quarter net profit on Wednesday as its premium income shrank on a weak economy and profit was dented by losses on investment assets.
-
People & OpinionVesttoo Appoints Jacques Aigrain, Former CEO of Swiss Re, as Chairman of the Advisory Board
Mr. Aigrain brings nearly 30 years of leadership experience in insurance, reinsurance and capital markets, including previous roles such as CEO of Swiss Re, senior financial advisor at Warburg Pincus LLC and leadership roles at JP Morgan in New York, London and Paris.
-
NewsInsurtech investment surpasses $10bn in Q3 – Willis Towers Watson
Insurtech investment surpassed $10bn in the third quarter of 2021 according to Willis Towers Watson’s (WTW) latest Quarterly Insurtech Briefing published today (27 October 2021).
-
NewsGlobal commercial insurance prices up 15% in Q3 2021 - Marsh
Global commercial insurance prices climbed 15% in the third quarter of 2021, according to the Global Insurance Market Index released by Marsh today (26 October 2021).
-
NewsInsurers’ biggest threats are crime, regulation and technology – PWC
Crime, regulation and technology are the three biggest concerns for insurers worldwide, according to new research by professional services firm PricewaterhouseCoopers (PWC).
-
NewsCAT to the rescue: Govts, insurers must issue cat bonds for citizens’ financial protection from weather events
What it means for Indians, rich or middle class or poor, is that with cat bonds both insurers and governments will have more financial heft to insure better off citizens or aid poorer citizens.
-
NewsHamilton announces Property Treaty Reinsurance consolidation
The Company will continue to write property treaty reinsurance business out of Bermuda, consolidating our peak peril catastrophe reinsurance underwriting into one hub.
-
NewsCampaigners target reinsurers in Baden Baden
Only a few reinsurers have so far publicly committed to phase out coal from their treaty business
-
NewsCO2 crisis could spark fresh demand in supply chain cover
Surging prices of carbon dioxide (CO2) have drawn attention to the lack of suitable insurance policies available to cover business interruption (BI) to companies’ supply chains.
-
NewsLockton launches crisis management division
Lockton’s Matt Humphries will be leading the new unit within the business’ wholesale property and casualty (P&C) division.
-
NewsGuy Carpenter establishes insurtech centre of excellence
Reinsurance broker Guy Carpenter has launched its Insurtech Centre of Excellence (COE) to provide comprehensive services to reinsurance carriers and MGAs.
-
NewsDavies inks deal to buy US-based property and casualty inspection firm
Davies has today (19 October 2021) signed a purchase agreement to buy property and casualty insurance inspection firm Insurance Risk Services (IRS), expanding its underwriting support capabilities in North America.
-
NewsWhat are the most profitable schemes for brokers emerging from the pandemic?
Produced in association with software firm SchemeServe, the Schemes Index provides a snapshot of the most profitable schemes businesses for brokers.
