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Asia
Insurers and risk managers call for early engagement on GPs
Early engagement is the key to running a successful global insurance programme, according to both risk managers and insurers. The sentiment was shared by a panel of insurance buyers, underwriters…
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Asia
Global programmes: Clarity not speed is the critical factor in claims
There is a tendency to consider speed of payment as the most important part of the claims process in a global programme. But the clarity of coverage, concept of partnership…
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Asia
Miller hires McGonagle to build Asia-Pacific power sector business
Miller, the UK-based independent specialist (re)insurance broker, has announced the appointment of Elizabeth McGonagle (Kobes) as head of power, Asia Pacific. Elizabeth will be based in Singapore and report to Matthew Hooker,…
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Asia
China to boost foreign investment in property insurance market
China’s financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry, according to a statement, reports Reuters. The country will support…
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Asia
WTW warns of rising ‘gray zone agression’
Risk managers and their brokers and insurers need to focus their efforts on the continued rise of so-called ‘gray zone aggression’ as geopolitical tensions spill over to international trade, not…
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Asia
Charles Taylor bolsters Asia-Pacific network with NZ addition
Charles Taylor, the international loss adjusting business, has announced a new associateship with Carter Briggs Hurle (CBH) Adjusting in New Zealand that it says will extend the regional coverage available…
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ESG Partner Content
How to weather the dual challenge of climate change and the net-zero transition
Making the transition to a net-zero economy poses a new set of challenges for risk managers, who must also prepare for the physical risks of the changing climate. Insurers can…
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GRM People Moves
New appointments at DUAL North America
DUAL North America has appointed Andreas Graham as executive vice-president of the EIURS (energy, industrial & utility risk solutions) team, a division of DUAL, and Ed Frey as senior vice-president…
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Middle East
Price of credit default swaps rise in number of Gulf states
The cost of insuring against sovereign debt defaults, via credit default swaps (CDS), in Gulf states has risen in the last 12 months (year-end Sep 30), as falling oil prices…
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GRM Insurance
Davies to acquire US claims service provider Premier Claims Management
Davies is to acquire Premier Claims Management (PCM), a US claims service provider specialising in professional and general liability claims. Davies said the acquisition will strengthen its current service lines…
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CRE Insurance
Baloise offers board seat to Cevian partner Schuchna
Swiss insurer Baloise said it has offered Swedish activist investor Cevian Capital, its largest shareholder and driver for Baloise’s refocusing strategy, a seat on its board of directors. Baloise’s board…
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GRM Captives
Aon appoints global captive leader for commercial risk solutions
Ciaran Healy has been named global captive leader for commercial risk solutions at Aon, effective 1 January 2025. John English will be appointed chairman of Aon Global Risk Consulting (AGRC).…
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Captives
New rules offer Europe’s captives a mix of relief and challenges: AM Best
European captives face new regulatory challenges and added costs from cybersecurity rules imposed by DORA from January 2025 on the back of moving to accounting standard IFRS 17, according to…
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Captives
SRS boosts Luxembourg captive team
Strategic Risk Solutions (SRS) has boosted its Luxembourg team in a move that it said will strengthen its support for captives domiciled in the country. Alain Sougnez joins US-headquartered SRS…
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Climate Change
Climate change cost insurers $600bn over past two decades, says campaign group
The insurance industry is fundamentally underestimating the impact of climate change, with more than a third of insured weather losses attributable to climate change over the past two decades, according…
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People Moves
Arch names CNA’s Laazaouzi senior casualty underwriter in France
Arch Insurance has appointed Rachida Laazaouzi from CNA Hardy as senior casualty underwriter in France. Laazaouzi joins Arch Insurance (EU) dac (AIEU), which provides specialist property and casualty insurance solutions…
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Brokers
Gallagher to ramp up M&As after buying AssuredPartners for $13.45bn
Arthur J. Gallagher’s all-cash $13.45bn deal to buy AssuredPartners will add $2.9bn in annual revenue and 10,900 staff to the brokerage and allow it to make more acquisitions in the…
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ESG Analysis
The nature positive imperative
Luis Prato of Liberty Specialty Markets and Denise Delaney of Liberty Mutual explain how businesses can mitigate their impact on nature and biodiversity and why this is often overlooked We…
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Asia
Supply chain leaders worried about tariffs and trade barriers
Supply chain intelligence leaders in key trading nations across Europe, North and South America, and Asia Pacific say that rising tariffs and trade barriers are their top concern, according to…
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CRE Legal Regulation
Europe’s financial services criticise new data exchange rules
Europe’s insurers and financial services players have called for an impact assessment of new open finance rules under the Financial Data Access Regulation (FiDA), after the European Parliament adopted its…