News – Page 90
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NewsLloyd’s: Insurers must address emerging geopolitical risks
New report calls for innovation around insurance for geopolitical risks to address the “significant protection gap”
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NewsSustainability: Time to invest in biodiversity
Nature-based solutions can help organisations achieve greater resilience in the face of a changing climate
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NewsIda claims could reach $35 billion - RMS
Losses reflect property damage and business interruption to commercial, industrial, infrastructure and marine cargo among other classes of business
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People & OpinionPen Underwriting appoints newly created head of technology role from Hiscox
Multi-class MGA Pen Underwriting has appointed former Hiscox staffer Tom Dixon in the newly created role of head of technology, effective from 23 September 2021, in line with its plans to diversify into new niche market segments.
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NewsHurricane Ida devastation continues
Deadly flash floods have left a trail of further devastation, with energy and chemical sectors among those exposed to supply chain disruption
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NewsNew Dawn Risk ‘strongly positioned’ to grow after hiring industry veteran
International specialty insurance broker New Dawn Risk Group is “strongly positioned” to become an influential participant in the specialty liability market, according to its chief executive Max Carter.
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NewsInsurer M&A dips in 1H 2021 - Clyde & Co
UK leads consolidation activity in Europe and is second most active worldwide behind the US, ahead of Spain and Germany
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NewsInsurers must attract talent from outside the industry
Sector must work harder to engage talent with a focus on ‘future gazing’ and a more digitised era
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NewsInsurers lack ‘meaningful change’ around D&I
The Dive In 2021 festival will reveal a ‘big pool of talent that people don’t realise they are not tapping’, explains sister title Insurance Times
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NewsCOVID prompts supply chain ‘overhaul’
Automotive industry has taken the strongest hit as a result of production stoppages and trade restrictions - EIU
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NewsCVC funds complete acquisition of RiverStone Europe and appoints Preben Prebensen as Chair
Industry veteran Nick Packer will also join the Board of the business, which will now be known as RiverStone International
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NewsAriel Re granted ‘In Principle’ approval to establish a Lloyd’s Managing Agent
The new company, Ariel Re Managing Agency (“ARMA”), is expected to manage the business ofSyndicate 1910 and SPA 6117 from early 2022 subject to regulatory permissions.
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NewsAon has announced new global leadership roles in Reinsurance Solutions
This evolution of the team is designed to create greater opportunities for existing and new talent in the firm’s growth journey and deliver enhanced solutions for clients.
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AIREuropean flood claims could reach €6.5 billion - RMS
Germany is the dominant contributor of loss to the event with about 70 percent of the total loss, followed by Belgium with about 25 percent
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NewsAxa has paid £75m for Covid-linked BI claims to date
Insurer Axa has paid out £75m for Covid-19-related business interruption (BI) claims following the Supreme Court’s appeal ruling in January 2021, confirmed Tara Foley, the firm’s chief executive of UK retail.
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NewsWillis Tower Watson sues broker rival over ‘poaching’ for its public entity team
Willis Towers Watson (WTW) has sued broker Alliant Insurance Services for reportedly ”poaching its staff” to grow its public entity team.
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NewsBermuda (Re)insurers paid $30 billion to European Union customers since 2016
The survey results reflect the growing significance of the Bermuda (re)insurance market’s contribution to the EU over these two and a half decades.
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NewsLloyd’s syndicate Ki hires new chief technology officer
Lloyd’s digital syndicate Ki has hired Richard Hodgson in the newly created role of chief technology officer.
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NewsIrish competition authority secures commitment from six insurers to combat price signalling
The Competition and Consumer Protection Commission (CCPC) in Ireland has secured legally binding commitments from six insurers operating in the country’s motor insurance market in a bid to stamp out price signalling.
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NewsCovid-19 drives underwriting losses of £2bn for Lloyd’s market – Insurance DataLab
The Covid-19 pandemic has driven underwriting losses of more than £2bn in 2020 for Lloyd’s market according to new analysis from Insurance DataLab.
