News – Page 95
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People & OpinionDennis Mahoney appointed as Bermuda Chairman
Following his retirement as Chairman of Aon Global, he served on the Board of Ironshore prior to its sale to Liberty Mutual.
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NewsMunich Re achieves quarterly result of around €1.1bn
In the second quarter of 2021, Munich Re’s major-loss expenditure in property-casualty reinsurance business was below average, mainly as a result of comparatively low losses from natural catastrophes.
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NewsEuropean floods hit over 70,000 properties
Total insured losses could reach €5 billion as Airmic CEO Graham says even climate scientists “were shocked”
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NewsTerrorism: Retail and hospitality at risk as lockdown lifts
Pool Re warns of potential threat to retail and hospitality sectors which represent attractive targets to terrorists
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NewsAviva unveils seven steps to protect UK homes and businesses from climate change
Aviva has called for urgent action to make sure that UK homes and businesses are protected from the impact of climate change and extreme weather in its new report.
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People & OpinionAirmic appoints easyJet director as its next chair
The new hire, who has been a member of the association for 20 years, will succeed current chair Tracey Skinner
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NewsCatastrophic floods hit Zhengzhou
The record rainfall has caused widespread disruption across Henan, home to the world’s biggest production base for iPhones
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NewsParametric quake cover launches for Japan corporates
Seismographs are installed directly at a client’s premises to provide a faster claims pay-out process
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People & OpinionStephen Young to lead IQUW’s new Bermuda operation
The new company will be led by Bermudian and seasoned executive Stephen Young, who joins IQUW as CEO of IQUW Bermuda and Global Head of Reinsurance. Young was previously CEO of Sompo International Reinsurance Group.
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People & OpinionAon confirms EMEA leadership appointments
Aon confirms three senior leadership appointments in EMEA.
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NewsReuters: Western German floods could prove pricey for insurers
German insurance industry association GDV plans to give its first estimate of the damage next week.
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News$19 billion exposed at South Africa ports
Political unrest in the aftermath of Jacob Zuma’s sentencing has spread to Durban and Richard Bays Terminal - Russell Group
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NewsHiscox pays out more than £5.2m of Covid BI claims following specialist broker settlement
Hiscox has paid out more than £5.2m of Covid-19 business interruption (BI) claims after a specialist broker secured these settlements for 72 claimants.
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NewsLloyd’s Europe set to complete leadership team with new appointments
Lloyd’s Insurance Company (LIC) has bolstered its leadership team with new appointments to its board, which are set to complete in due course.
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NewsAllianz Holdings restructures to form distinct commercial and personal lines divisions
Allianz Holdings has today (14 July 2021) confirmed it has restructured its operations to create distinct commercial and personal lines businesses, to be led by newly appointed chief executives Simon McGinn and Steve Treloar respectively.
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NewsInsurers have paid more than £875m in interim and final BI payments this year
Since the Supreme Court’s decision in January for the FCA’s test case around Covid-19-related business interruption (BI) claims, a total of £875,489,994 has been paid out by insurers for either interim or final BI claims payments across 23,933 claims, according to updated data published by the FCA yesterday (13 July ...
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People & OpinionLloyd’s hires Legal and General chief operating officer for newly created role
The new hire has 20 years of experience in the insurance and finance sector
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NewsNew Zealand’s antitrust watchdog considers Aon’s proposed divestments ahead of WTW merger
The Commerce Commission is set to deliver its decision on 20 August as to whether it will approve the acquisition
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NewsLondon professional indemnity market expected to thrive over the next year – Clyde and Co
As 94% of insurers plan to write the same or more business in the professional indemnity (PI) market over the next 12 months – recession, cyber threats from remote working, and continued regulatory oversight are top of the insurance industry’s list of concerns, according to global law firm Clyde and ...
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NewsSwiss Re teams up with Milliman Appleseed to accelerate new entrants offering private flood insurance
The new simplified product offering was developed by Swiss Re to provide flexible coverage for low and moderate flood risks.
