News – Page 93
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NewsLloyd’s Lab reveals seventh cohort with cryptocurrency focus
Lloyd’s Lab has revealed its seventh cohort today (6 August), 11 insurtech startups will be joining the innovation accelerator programme.
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NewsInsurance industry backs government’s live event reinsurance scheme in partnership with Lloyd’s
The insurance industry has backed the UK government’s move to boost the live events sector with a £750m reinsurance scheme following Covid-19 lockdown restrictions lifting.
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NewsAllianz Holdings GWP dips across all business areas in 2021’s H1
Insurer Allianz Holdings has reported a decline in gross written premium (GWP) across all areas of its business for the first half of 2021, due to the continuing impact of the Covid-19 pandemic, competitive market conditions and portfolio run-offs.
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NewsRSA reports loss for first half of 2021
Insurer RSA has recorded a £269m loss after tax for the first half of 2021 across its continuing operations in the UK, Ireland, Europe and the Middle East, as reported within its half year financial results published yesterday (4 August 2021).
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NewsBank of England confirms stress test to examine insurers’ cyber and climate risk resilience
The Bank of England declared yesterday (4 August 2021) that it will be stress testing the resilience of insurers against cyber attacks on policyholders and payouts for climate change induced natural disasters.
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People & OpinionHowden Group appoints former Axa XL leader as non-exec director
International insurance group Howden Group Holdings has appointed former Axa XL client and country senior leader Kelly Lyles as an independent non-executive director to the board, effective immediately.
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NewsEd announces integration of Ki’s algorithmic underwriting with TradEd
TradEd’s data capturing capabilities puts Ed in the ideal position of being able to take full advantage of Ki’s digital and algorithmically-driven platform
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NewsReinsurer takes minority stake in specialty MGA
The company recently announced a strategy of targeting high quality specialty MGAs in the United States.
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NewsWillis Towers mulls sale of reinsurance unit after halting merger
Insurance broker Willis Towers Watson PLC said on Tuesday it is weighing strategic alternatives for its reinsurance unit, Willis Re, days after a planned sale to rival Arthur J. Gallagher fell through.
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NewsAxa’s ‘P&C profitability bounced back’ in 2021’s H1
Group chief executive is ‘confident about the future’ of subsidiary Axa XL, which has been a key driver of financial success in the first half of the year
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NewsAGCS: Bigger ships, bigger exposures
Suez Canal incident shows ever-increasing vessel sizes exacerbates marine and supply chain risks
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NewsCOVID continues to fuel political unrest - Aon
Extremists and activists from across the spectrum are evolving their narratives, finds 2021 Risk Map
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NewsZurich considers AI-related emerging risks
Liabilities could arise from the unintended consequences of decisions made by algorithms and artificial intelligence
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NewsGerman flood claims to approach €5 billion
Restoration of infrastructure such as water and gas pipes, power lines, and roads could take weeks, even months, warns AIR Worldwide
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NewsD&O market ready to “move on” from COVID
A softening of the pricing curve is being observed, but the outlook remains uncertain for UK D&Os - Gallagher
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NewsHiscox boosts profit in first half of 2021
Chief executive confirms that nearly 4,000 full and final or interim BI claims payments have been paid as at the end of July
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NewsCFC names Graeme Newman CEO
As CEO, Newman will lead all aspects of CFC’s underwriting business based in London, including the company’s growing data, technology and operations functions.
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NewsSwiss Re posts strong profit of USD 1.0 billion in first half 2021
Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “We are very pleased with the improved profitability achieved by the Group in the first half of this year.
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NewsGallagher reports £2.1bn revenue rise for broker segment
Gallagher has reported a £2.1bn ($3bn) rise in revenue for its broker segment during the first half of 2020 in its Q2 results (29 July).
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NewsCII exposes cyber risk knowledge gap
More than half of insurance professionals have reported that their knowledge of cyber risks is virtually non-existent, despite their employer providing cyber cover, according to research by the Chartered Insurance Institute (CII).
