All Global Reinsurance articles in Online – Page 101
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NewsLessons from the vaccine supply chain
How risk managers can learn vital lessons in resilience from the global vaccine effort
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NewsAon-WTW merger allows for ‘combination of complementary solutions’ – GlobalData
Contradicting the lawsuit issued by the US Department of Justice this week, broker Aon’s takeover of Willis Towers Watson (WTW) would instead “allow for a combination of complementary solutions, capabilities and skill sets that would better assist consumers”, said data and analytics company GlobalData.
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NewsLloyd’s of London secures £650m five-year cover for Central Fund
Lloyd’s of London has revealed it has secured a landmark £650m cover for the Central Fund for a five-year period supporting sustainable, profitable long-term market growth.
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NewsAon and Willis Towers Watson Issue Statement on U.S. Department of Justice Action
“We disagree with the U.S. Department of Justice’s action, which reflects a lack of understanding of our business, the clients we serve and the marketplaces in which we operate.”
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NewsU.S. sues to stop Aon’s purchase of Willis Towers Watson
The U.S. Justice Department filed a lawsuit on Wednesday aimed at stopping insurance broker Aon’s (AON.N) $30 billion acquisition of Willis Towers Watson because it would reduce competition and could lead to higher prices.
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NewsFlock partners with Asia’s largest insurer to reinvent commercial fleet insurance
Insurtech Flock has partnered with the European arm of Asia’s largest insurer, Aioi Nissay Dowa Insurance (AND-E UK), to transform how commercial fleet insurance is priced and distributed.
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People & OpinionSSP names new chief executive
SSP has named Colin Greenhill as its new chief executive.
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NewsCOVID erodes macroeconomic resilience - Swiss Re
Insurance resilience is lowest for natural catastrophes, with the protection gap growing to a record $1.4 trillion
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NewsBriefing: Gefion bankrupt - why do brokers lose their senses with unrated insurers?
Gefion’s bankruptcy repeats the familiar tale of unrated insurers
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NewsLaw firm advises Howden Group amid Parhelion launch
International law firm RPC has advised Howden Group on the launch of Parhelion – the world’s first fully sustainable insurer.
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NewsAlexander Forbes open for deals after insurance sale to Sanlam
The South African retirement and investment adviser is boosting its surplus capital and selling its risk and retail business operations - which had insurance premium income of R1 billion at the end of March - to Sanlam.
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NewsAon brand replaces Anviti in India
Aon today announced that it will operate its insurance and reinsurance broking business under the Aon brand name in India effective immediately.
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AIRRussell Corbould-Warren: The ex-Uber boss reinventing insurance for independent workers
After witnessing first-hand, the life changing impact of insurance for independent workers at taxi ride-sharing giant Uber having reinvented insurance once there, Russell Corbould-Warren moved to insurtech, Collective Benefits (Collective) to do it all again.
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AIRInsurers have paid more than £750m in interim and final BI payments to date
Since the Supreme Court’s January decision in the FCA’s test case around Covid-19-related business interruption (BI) claims, a total of £756,846,662 has been paid out by insurers for either interim or final BI claims payments across 20,347 claims, according to updated data published by the FCA yesterday (14 June 2021).
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NewsBest’s Market Segment Report: Hardening market and regulatory developments in the GCC drive interest in Captive Insurers
A wider gamut of companies is now investigating self-insurance solutions in response to hardening rates in the international commercial insurance and reinsurance markets. Additionally, companies in the region are becoming increasingly sophisticated in their risk management.
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NewsConsumer group questions extent of Covid cover in travel policies
Consumer group Which? is questioning whether travel insurers are living up to their claims that they provide “complete” Covid-19 cover after its research found that only two travel insurance providers offer all-round financial protection for policyholders, reported the BBC.
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NewsCOVID masks Brexit impact on UK-EU trade
UK trade with the EU has declined at twice the rate as trade with the rest of the world - Atradius
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NewsCyber: Breaking the culture of silence
A lack of transparency on cyber attacks is benefitting the threat actors and increasing the threat
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NewsBoE launches climate stress test for banks, insurers
It will provide central banks and supervisors globally with a common starting point for analysing climate risks under different scenarios
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NewsInsurance sector could fork out up to $3bn for Tokyo Olympics cancellation
The insurance sector could pay out between $2 to $3m for the cancellation of the impending Tokyo Olympic Games to begin 23 July, according to an analysis from Bloomberg Intelligence.
