News – Page 92
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NewsGallagher announces agreement to acquire WTW Treaty Reinsurance Brokerage Operations
“Broadening our reinsurance brokerage offerings has been a strategic objective at Gallagher and this acquisition will significantly enhance our global value proposition,” said J. Patrick Gallagher
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NewsSevere weather events drive global insured catastrophe losses of USD 42 billion in first half of 2021
A deep winter freeze, hailstorms and wildfires contributed to natural catastrophe losses of USD 40 billion in the first half of 2021, according to Swiss Re Institute’s preliminary sigma estimates.
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People & OpinionMS Amlin Underwriting reveals new independent non-executive director
MS Amlin Underwriting Limited (MS Amlin Underwriting) has appointed Julie Hopes to its board as an independent non-executive director.
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NewsMarshmallow finalising cash injection to become latest insurtech unicorn
Marshmallow Financial Services is finalising a funding a round that will see the digital motor insurer become worth $1.2bn (£898m) and the latest unicorn.
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NewsAviva share price surges as boss Amanda Blanc delights investors
Aviva intends to return at least £4bn to its shareholders by June 2022, the insurer’s chief executive revealed in its H1 financial results released this morning (12 August).
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NewsZurich bounces back from pandemic with best underwriting result in years
Zurich UK posted its strongest underwriting profit in five years, with a combined ratio of 80.8% for the first half of this year.
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NewsFCA to allow rolling applications for regulatory sandbox
The FCA will now be allowing rolling applications for its regulatory sandbox.
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NewsFlood exposures up by 24% since 2000
Population at risk of extreme flood is ten times higher than previously thought, finds WRN partner Cloud to Street
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NewsWarren Buffett’s Berkshire Hathaway recovers from coronavirus slowdown
The company Buffett has run since 1965 also signaled the billionaire’s confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.
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NewsOutlook for 2021: Hannover Re confirms all full-year guidance after successful first half-year
Hannover Re substantially increased its Group net income in the first half of 2021 and considers itself well on track to achieve the targets set for the current financial year. At the same time, gross premiums saw further double-digit growth. “We achieved a thoroughly satisfactory half-year result that is ...
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News
Lockton Re partners with Nephila Capital to launch a new automated placement solution
The company announced the “first-of-its-kind”, digital capability – Lockton Re SAGELink Automated Placement Solutions – today.
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NewsEnstar announces departure of CFO Zachary Wolf
Orla Gregory, Enstar’s current Chief Operating Officer, has been named Acting Chief Financial Officer.
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NewsMarsh enters Amazon partnership to provide product liability insurance for online sellers
Broker Marsh yesterday (10 August 2021) announced that it has entered into a new partnership to help small businesses get affordable product liability coverage.
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NewsSpoof ads rife for insurers and brokers despite Google crack down
The FCA seeks to resolve ’the root cause’ of fraudulent adverts, however the government’s Online Safety Bill needs to be broadened if it is to play an important role here
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NewsNew broker-centric MGA Hoxton Insurance Services hits high net worth sector
A new MGA called Hoxton Insurance Services, which trades exclusively with brokers, has been launched by MGA specialist NuVenture International Ltd.
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NewsRansomware payments surge by 82%
Latest Unit 42 figures confirm the ransomware crisis continues to intensify, with the rise of quadruple extortion
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NewsUK government launches event cancellation scheme
Several syndicates in the Lloyd’s market, including Arch, Beazley, Dale Underwriting, Hiscox and Munich Re, are supporting the initiative
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NewsAIG tightens cyber insurance limits as premiums climb
AIG is tightening the terms of its cyber insurance after its premium prices for this line of business were up by nearly 40% globally in quarter two of 2021.
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NewsIrish insurer expects Covid BI claim payments to hit €183m
Irish insurer FBD has cranked up its estimated cost for paying out Covid-linked business interruption (BI) claims from €150m (£127m) to €183m (£154m), according to the Irish Examiner.
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NewsMore insurtech M&A deals to be had – Willis Re
There has been an upward swing towards insurtech M&A as the Covid-19 pandemic has accelerated the move to digital - however, Willis Re’s global head of insurtech Andrew Johnston predicts more mergers are yet to come.
