Insurance
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April 15, 2024
US cyber rate rises fall again but CyberCube warns of public sector attacks in election year
Public sector bodies and government agencies are at an increased risk of cyberattack this year, with electoral infrastructure particular under…
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April 15, 2024
Miller expands cargo offering in Asia Pacific
Miller, the London-based (re)insurance broker, has announced the appointment of Alberto Ferriolo, further strengthening its cargo capabilities in APAC. Alberto…
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April 15, 2024
First-ever cat bond issued for sustained cloud outage losses
New York-based MGA and Lloyd’s coverholder Parametrix and Hannover Re have launched and issued Cumulus Re, the first-ever catastrophe bond…
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April 15, 2024
New parametric flood product for US business interruption
A new sensor-enabled parametric flood insurance product to support business interruption coverage in the US has been launched by insurtech…
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April 15, 2024
Negative outlook for US general liability sector, says Best
Worsening social inflation, medical expenses and litigation financing, which are leading to rising claims losses and legal costs, together with…
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April 15, 2024
Cybersecurity experts McAfee joins Brokerslink
Cybersecurity firm McAfee has joined Brokerslink to help the network boost its clients’ cyber resilience. Brokerslink said McAfee will enhance…
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April 12, 2024
Marsh calls on insurers to resist urge to automatically exclude tough cyber risks
The insurance market must resist the urge to automatically exclude difficult cyber risks and overly focus on a small set…
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April 12, 2024
Insurers slammed over failure to protect people and planet
A new report from UK-based ShareAction, a responsible investment charity, has warned that people and the planet face a “triple…
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April 12, 2024
NFP sues Alliant over real estate group ‘raid’
A unit of US broker NFP Corp has sued rival Alliant Insurance Services for allegedly poaching 19 employees, including real…
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April 12, 2024
Lloyd’s names Miller chief commercial officer and US CEO
Lloyd’s has appointed Dawn Miller as chief commercial officer and CEO of Lloyd’s Americas. She will take on the new…
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April 12, 2024
European Parliament adopts framework for carbon removals
As the EU council attempts to placate business concerns about the pace of the energy transition while keeping progress roughly…
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April 11, 2024
Relatively stable conditions for airline insurance market, says Gallagher
While uncertainty persists for the airline insurance market and challenges remain, for now, market conditions are relatively stable and will…
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April 11, 2024
Allianz Trade UK and Ireland broadens trade credit policy
Allianz Trade has updated its UK and Ireland trade credit product to broaden standard cover and simplify the wording. The…
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April 11, 2024
Aon names new head of global benefits
Mike Pedel has been named head of global benefits at Aon and will lead the global benefits team effective immediately.…
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April 11, 2024
NAIC adopts national climate resilience strategy for insurance
The US National Association of Insurance Commissioners (NAIC) has adopted the first-ever NAIC national climate resilience strategy for insurance to…
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April 11, 2024
Fenchurch law to ‘level playing field’ for policyholders in Singapore
Fenchurch Law, the leading UK law firm that works exclusively for insurance policyholders and brokers, will offer its specialist legal…
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April 10, 2024
India private-sector general insurance market grew 17.5% in FY2024
Private sector general insurers in India grew twice as fast as their state-run rivals for the financial year ended 31…
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April 10, 2024
Zurich to announce exit from fossil fuel underwriting
Zurich Insurance is expected to shortly announce its decision to cease underwriting new oil, gas and metallurgical coal projects, in…
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April 10, 2024
Aggressive underwriting and rising losses blamed for French local government insurance crisis
A new parliamentary report has blamed overly aggressive strategies from a dominant insurer that led to high market concentration, combined…
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April 10, 2024
New head of accident and health at Arch Insurance International
Arch Insurance International has promoted Sebastian Terry to head of accident & health (A&H). In his new role, Terry is…