Insurance
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Ironshore International ups capacity on terrorism & sabotage programmes
Ironshore International has increased capacity on its Terrorism & Sabotage programmes to $400m from the current $375m limit, effective immediately.…
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Hiscox posts record result for 2016
Hiscox posted a record profit of £354.5m for 2016, an increase of 64%, with gross written premium growth of 23.6%…
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Specialty unit boosts Berkshire Hathaway Q4 insurance premium volumes
Berkshire Hathaway posted insurance operating earnings of $1.37bn in 2016, compared with $1.16bn in 2015. Underwriting profits at the group’s…
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Risk managers must understand true extent of cyber threat
Too many African risk managers and their companies fail to understand the true threat of a cyber attack, warns security…
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AIG directors reportedly mull Hancock action
AIG directors are preparing to discuss the company’s progress in delivering targets set out in its two-year restructuring programme, during…
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Risk managers face more prescriptive cyber rules
Data protection rules in the EU and US are becoming more prescriptive as governments look to tackle the rising cyber…
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Verizon and Singapore’s NTU Business School team up to tackle cyber risk
Verizon Enterprise Solutions, part of the New York-based communications and wireless group, and Singapore-based Nanyang Technology University's (NTU) Business School,…
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UK government introduces whiplash cap Bill
The UK government’s plans to reduce the discount rate applied to large personal injury compensation awards were announced days after…
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UK P&I Club appoints EMEA regional director
The UK P&I Club has appointed Susanne Murphy EMEA regional director as part of its growth plans in the Europe,…
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Nigerian banks will suffer higher credit losses in 2017 due to economic and liquidity concerns, as dollar shortage continues
The Nigerian banking sector faces another difficult year in 2017, according to an S&P Global Ratings report, with 10 banks…
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Insurers object to ‘crazy’ personal injury award rate set to increase motor premiums
The UK insurance industry has labelled a decision by the UK government to slash the discount rate for serious personal…
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Zambia remains on negative outlook, says S&P
Following the trend of recent rating activity across Africa, S&P Global Ratings has affirmed its B/B long- and short-term foreign…
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South African insurers can expect clouds and silver linings, says S&P
Insurance growth in South Africa is likely to be muted in the next year, according to a new report from…
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African states amend private public partnership rules
A number of African states, including Benin, Mali and Tunisia, have amended their public-private partnership (PPP) rules, according to lawyers…
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UAE insurance market posts 2016 profit and premium growth
The United Arab Emirates (UAE) insurance market posted a profit in 2016, following an extremely challenging year of underwriting and…
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AXA’s 2016 results meet five-year targets
AXA CEO Thomas Buberl said the group is on track to fulfil its strategy targets, set out in its Ambition…
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Political risk still a threat in South Africa, warns Fitch
Political and social pressures are likely to test the South African government’s commitment to fiscal consolidation, warned Fitch after the…
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Lloyd’s urges insurers to protect assets from climate change devaluation
Insurance companies should act to identify and mitigate the risk of investment assets vulnerable to potential changes in climate change-related…
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Storm Egon losses to top €200m
Storm Egon, which hit parts of France and Germany last month, is estimated to cost insurers €212m, according to data…
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SCOR Business Solutions appoints new head
SCOR Global P&C has appointed Rachel Conran as head of SCOR Business Solutions, the business unit dedicated to large corporate…