News – Page 88
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People & OpinionRSA names Jones Risk Consulting director
Andy Jones started his career as an engineer in the steel industry, before transitioning to risk consulting
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NewsKPMG warns of ‘uneven playing field’ ahead of regulator’s product governance rules
Global network for professional firms, KPMG has warned that there could be an “uneven playing field” in insurance ahead of the introduction of the FCA’s product governance rules on 1 October.
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NewsTelematics insurtech teams up with ex-Aviva boss Wilson
Telematics insurtech, Ticker has partnered with Mark Wilson’s insurtech, Abacai to enhance its pricing model.
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NewsFormer bosses at Munich Re Digital and Bupa back insurtech’s £1.5m raise
Insurtech Anansi Technology has secured £1.5m seed funding led by Octopus Ventures.
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NewsAXA XL appoints head of climate
Andy MacFarlane takes on the newly-created role of head of climate at the global insurer
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NewsAbandoned cargo presents growing risk
Supply chain congestion and widespread delays in the international container trade is set to continue - TT Club
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NewsInsurance and construction industry must join forces to combat evolving risks – Marsh
The construction and insurance industry must work together to ensure changing risk profiles are managed appropriately, according to Marsh’s latest report.
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NewsLondon Market Group confirms permanent chief executive
The board of market-wide trade body the London Market Group (LMG) has confirmed Caroline Wagstaff as its permanent chief executive.
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NewsInsurers brace for claims as CO2 shortage hits meat, beer and fizzy drinks supply chain
Insurers could be bracing for claims due to the soaring price of carbon dioxide (CO2) that has subsequently impacts the production and supply chain for meat, beer and fizzy drinks.
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NewsBloomberg: Allianz SE working to offload a large block of U.S. life portfolio
Allianz SE is working to offload a large block of U.S. life insurance policies in a move that could free up several billion dollars in capital, people with knowledge of the matter said. Europe’s largest insurer is discussing a potential reinsurance deal for a portfolio with tens of billions ...
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NewsBeazley appoints industry veteran as Chief Underwriting Officer
Beazley has appointed Bob Quane as its new CUO
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NewsPanic buying risks return to UK
A lack of HGV drivers and increase in wholesale global gas prices is a concern for businesses and energy suppliers
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NewsJBA and Reinsurance Solutions join forces to support African insurers for flood risk management
Nikki Pilgrim, Technical Director at JBA, explains: “The launch last year of our global flood modelling capability, driven by JBA’s FLY Technology, was a breakthrough opportunity that has allowed JBA and our clients to fill geographic gaps in traditional modelling.
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NewsTwo-thirds of Lloyd’s of London capacity now available on Tremor
More specifically, 33 Lloyd’s Syndicates representing more than 70% of Lloyd’’s Managing Agents have entered into agreements to offer coverage directly on the Tremor marketplace, representing over $33 billion of capacity.
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NewsBest’s Market Segment Report: Realistic Optimism in the Current Reinsurance Market
Offering market observations are two of the reinsurance industry’s leaders—Kathleen Reardon, chief executive officer of Hiscox Re & ILS; and Juan Andrade, chief executive officer of Everest Re Group
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NewsEU plans 120 billion euro economic boost by easing insurance rules
Britain, which is home to the world’s biggest commercial insurance market and left the EU last December, has also begun reviewing the capital rules - Solvency II. It will scrutinise how changes by Brussels could affect London’s competitiveness.
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NewsU.S. flood insurance rates to rise for 77% of policyholders - study
Under the new “Risk Rating 2.0” system from the U.S. Federal Emergency Management Agency (FEMA) taking effect Oct. 1, new premiums will be based on a property’s value, risk of flooding and other factors, rather than simply on a home’s elevation.
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News£800 million Reinsurance Scheme officially opens to help live events
Chancellor Rishi Sunak and Culture Secretary Nadine Dorries have today opened the scheme worth over £800 million to reinsure live events against Covid-related cancellation.
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NewsRansomware considerations for a hybrid workplace
There is now a much larger attack surface for cybercriminals to target due to remote and hybrid working practices
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NewsMental health takes centre stage at Dive In
The insurance industry’s D&I festival kicks off today with mental health, gender equality and racial inclusion high on the agenda
