News – Page 87
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NewsInsurers face climate challenges from all sides amid fossil fuel dilemma
With less than a month before world leaders head to Glasgow for the 2021 United Nations Climate Change Conference, also known as COP26, the insurance industry remains in the crosshairs of activists who are demanding more from the sector.
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NewsArrow Risk Management launches new MGA underwriting platform
Arrow Risk Management (Arrow Risk) has launched a new MGA underwriting platform, led by Jon Godfray as chief executive and Mark Harrington as chief underwriting officer.
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NewsSwiss Re estimates Hurricane Ida claims at USD 750 million
Swiss Re estimated its preliminary claims burden from Hurricane Ida at approximately USD 750 million[1]. On an industry level, Swiss Re estimated total insured market losses to be in the range of USD 28–30 billion[2].
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News
Coalition completes acquisition of Attune Insurance
The acquisition of Attune creates the world’s largest commercial insurtech and positions the combined entity to capture a $100 billion+ market opportunity in the P&C insurance market.
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NewsArthur J. Gallagher/WTW (Treaty Reinsurance business) merger inquiry
The CMA is investigating the anticipated acquisition of the Treaty Reinsurance business of Willis Towers Watson by Arthur J. Gallagher & Co.
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NewsLondon’s finance district, steeped in slavery, confronts its past
The financial district’s municipal authority will this week discuss a report that recommends retaining monuments of twice Lord Mayor William Beckford and merchant John Cass, both of whom made fortunes off slavery, with “explanatory plaques or notices” placed next to them. The report says over 2,000 responses to two consultations ...
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NewsChaucer appoints Xamira Groves as new Head of Insurance
Specialty (re)insurance group, Chaucer, has appointed Xamira Groves as its new Head of Insurance. Groves will oversee the delivery of strategy and portfolio management across all general insurance lines and underwriting entities.
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NewsStrategicRISK Blog: Airmic Conference 2021 Daily News Summary
Stay tuned - live reporting from the Airmic Conference this week from our sister title StrategicRISK
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NewsGlobal floods events lead 2021 nat cat tally
Extreme floods in Western Europe in mid-July have generated claims currently estimated at $11 billion
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NewsJust 30% of FTSE 100 firms are TCFD compliant
The UK government intends to make Task Force on Climate-related Financial Disclosures mandatory by 2025 - Marsh
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NewsGlobal M&A on track for record-breaking year
Global acquirers are on track to record their first annual market outperformance since 2016 - Willis Towers Watson
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NewsCaptive growth surges, led by PCCs
Marsh helped clients form over 100 captives of all types around the world in 2020, almost double the usual formation rate
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NewsInsurtech UK inks deal with Gibraltar Finance to strengthen members’ regulatory access
Trade association Insurtech UK has signed a statement of intent with Gibraltar Finance to ensure that all 115 of its members can have improved access to the Gibraltarian regulatory market.
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NewsGlobal Risk Partners completes Willis Towers Watson Northern Ireland deal
Global Risk Partners (GRP) has completed its acquisition of Willis Towers Watson’s (WTW) commercial risk and broking business in Northern Ireland. Read more…
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NewsCII chief executive Sian Fisher to step down next year
The Chartered Insurance Institute (CII) has today (1 October 2021) announced that its chief executive Sian Fisher will be stepping down next year, after serving more than six years at the helm of the professional body.
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NewsHowden's 'DUAL Group' announces its expansion into Latin America
The acquisition of Dock Re, in Mexico, and launch of an office in Brazil bring DUAL’s underwriting expertise to carriers and brokers across Latin America
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NewsOman Insurance Company receives “in principle” approval for first Lloyd’s SIAB in the GCC
Andrew Woodward, regional head of Lloyd’s Dubai said: “We have enjoyed working closely with the OIC team to deliver this exceptional result and we are proud to have the first SIAB in this region.”
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NewsWillis Re launches flood model for MENA region
Currently, the model covers Morocco, the United Arab Emirates, and the Kingdom of Saudi Arabia, with further releases for Oman, Qatar, and Egypt in the third and fourth quarters of 2021.
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NewsBMS Re launches operations in Brazil
BMS Re has announced the establishment of BMS Brasil Corretora de Resseguros Ltda (“BMS Re Brazil”), headquartered in Sao Paulo.
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NewsSpecial report: Climate change
Growing climate extremes are increasing our exposure to secondary perils
