News – Page 86
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NewsAllianz Insurance launches sustainable procurement charter
Working to combat climate change, the initiative will ‘help develop a shared mindset’ between the insurer and its supplier partners
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NewsFCA chair plans to step down in spring 2022
Chair of the FCA and Payment Systems Regulator Charles Randell wrote to chancellor of the exchequer Rishi Sunak on Friday (15 October 2021), notifying him of his plans to step down from his leadership positions in spring 2022.
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NewsBeazley launches Lloyd’s first ESG syndicate
Syndicate 4321 will support those businesses that invest in ESG by offering additional capacity on a multi-line basis
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NewsEIOPA welcomes Solvency II proposals from the European Commission on sustainability
EIOPA believes that it is important to explore prudential treatment of exposures related to assets or activities associated substantially with environmental or social objectives.
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NewsMore Insurers sign up to support energy transition and CTP, developed by WTW
More insurers sign up to support the energy transition and the Climate Transition Pathway (CTP) accreditation framework developed by Willis Towers Watson.
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NewsMunich Re expects rising reinsurance prices in Europe
The most serious losses in Europe this year were in connection with the floods that struck Central Europe in mid-July.
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NewsE+S Rück expects rising reinsurance prices after catastrophic weather events in Germany
E+S Rückversicherung AG, the Hannover Re subsidiary responsible for the Group’s German business, expects higher prices - in some areas markedly so - and improved conditions in property and casualty reinsurance on the German market following the devastating flood damage in the summer.
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NewsS.African insurer Santam loses appeal in coronavirus case with hotelier
South Africa’s Supreme Court of Appeal has ruled Santam (SNTJ.J) is liable to cover the impact of COVID-19 restrictions on hotel group Ma-Afrika for 18 months, rejecting the insurer’s request for a shorter time frame on the claim, Santam said on Thursday. Globally, firms like Ma-Afrika have been fighting insurers’ ...
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NewsReuters: Tension over Beirut blast probe nudges Lebanon into new crisis
More than a year since the explosion ripped through Beirut, killing more than 200 people, Judge Tarek Bitar’s efforts to hold senior officials to account for suspected negligence are facing mounting political pushback.
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NewsLloyd’s Insurance Company appoints new UK branch leadership
Lloyd’s Insurance Company SA (LIC), also known as Lloyd’s Europe, has appointed Mark Cooper as head of its UK branch, effective from 1 November 2021, subject to regulatory approval.
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NewsHannover Re commits to net zero targets in reinsurance, investments and business operations
Hannover Re’s recent move to join the United Nations-convened Net-Zero Insurance Alliance underscores its Group-wide sustainability engagement.
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NewsHowden agrees to buy Aston Lark in its largest acquisition to date
International insurance broking group Howden has agreed to buy independent broker Aston Lark from Goldman Sachs Asset Management and Bowmark Capital, subject to regulatory approval.
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NewsRenaissanceRe announces estimated net negative impact of USD725m
This estimate is primarily comprised of net negative impacts of approximately $440 million from Hurricane Ida in August 2021 and approximately $210 million from the severe flooding in Northwestern Europe in July 2021.
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NewsLondon company market premium jumps 20%
Premium income for the London company market jumped by 20% in 2020, a new report by the International Underwriting Association (IUA) has revealed.
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NewsBrokers call out ‘conflict of interest’ in delayed government-backed £750m live events reinsurance scheme
Brokers and event organisers have criticised the delayed government-backed £750m live events insurance scheme due to a “conflict of interest” as well as its costs and limits on cover, reported the Financial Times.
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NewsArch Insurance International appoints chief risk officer
Arch Insurance International, part of Arch Capital Group, has appointed Tom Rivers as its new chief risk officer, with immediate effect.
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NewsCoal Action Network organises climate memorial targeting Lloyd’s
The memorial, which took place between 10am and 12pm, saw flowers and floral wreaths being laid outside Lloyd’s headquarters at One Lime Street.
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NewsBlog: FERMA Conference 2021 Daily News Summary
Stay tuned - live reporting from the FERMA Conference this week
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People & OpinionFormer Beazley head joins McLarens for newly created leadership position
Global insurance services provider McLarens has appointed Beazley’s head of data management Jennifer Barclay in the newly created leadership role of global head of data and analytics strategy.
