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Benelux
Cunningham Lindsey adds renewable wind energy team in Netherlands
Loss adjusting firm Cunningham Lindsey has established a new team of renewable wind energy experts in the Netherlands, in response to increased demand. Based at Cunningham Lindsey Nederland (CLN), the…
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CRE People Moves
RSG expands in Latin America with hire of Pascal Alvarez
Pascal Alvarez has joined Ryan Specialty Group (RSG) as president and CEO of the newly formed specialty financial lines managing general underwriter, Capital Bay Underwriting. Mr Alvarez will be responsible…
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Africa
Online service launched to identify bad debtors
Credit insurer Coface has launched an online customised credit opinion (CCO) service that will provide companies with information about their business partners and help them steer away from customers with…
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CRE Insurance
Insurance markets’ recovery on track during next decade, Allianz study predicts
Global property and casualty (P&C) and life premiums are set to grow nearly 6% annually during the next decade, compared with just from 3.1% per annum between 2008 and 2016,…
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Asia
China’s compulsory pollution liability cover will provide growth opportunities, says Moody’s
The proposed compulsory pollution liability insurance cover in China will provide growth opportunities in non-motor insurance business and promote development of liability insurance within the property and casualty (P&C) sect...…
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Asia
Willis Towers Watson buys stake in Indian broker
Willis Towers Watson (WTW) has bought a 49% stake in Almondz Insurance Brokers in India. Willis said the joint venture will combine WTW’s global network and expertise with Almondz’ skilled…
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Asia
AXA Affin issues telematics-based auto insurance in Malaysia
AXA Affin General Insurance has launched what it claims is the first auto insurance policy in Malaysia to use telematics, the technology that uses sensors and wireless technology to track…
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CRE Insurance
Willis Towers Watson expands financial solutions division with hire
Willis Towers Watson (WTW) has appointed Stephanie Pariot as a divisional director in its financial solutions division. The unit is focused on mitigating emerging and developed market country and counterparty…
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Asia
China expected to appoint hardliner to lead insurance watchdog
A senior Communist Party official with a reputation as a ‘graft-buster’ is slated to take over the supervision of China’s insurance sector, according to a Reuters report which cites “people…
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Asia
Asia operating three-speed insurance market: Allianz
Asia’s insurance market may have been growing at an average annual rate of 7.5% for the past nine years and its gross written premiums may account for 32% of total…
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Africa
Africa Re rating under review
The A rating of Africa Re is under review by AM Best, following deeper analysis of the corporation’s shareholder structure. AM Best said it has placed under review with negative…
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Asia
Swiss Re launches parametric typhoon policies for Hong Kong and China
Swiss Re Corporate Solutions (SRCS) has launched what it claims is the first ever typhoon warning insurance product for Hong Kong-based businesses. Dubbed Insure8, the parametric product pays out to…
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Asia
Japanese insurer warns of unknown cyber liabilities in P&C policies
Insurers could be liable for massive cyber losses they are unable to cover due to the loose wording of their property and casualty (P&C) policies. A senior executive at one…
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CRE People Moves
Willis Towers Watson appoints new global head of FINEX financial institutions business
James Jackson has been made head of FINEX financial institutions for Great Britain at broker Willis Towers Watson (WTW). The FINEX business is the company’s financial, executive and professional risk…
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CRE Legal Regulation
Ten most difficult things about global programmes
As one global insurance manager once said of his global insurance programme: “Overall, it is a tortuous, labour-intensive and time-consuming exercise, but it is important and it has to be…
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CRE Insurance
Cyber breaches double for UK insurers
Data breaches reported by UK financial services companies increased by 23% this year, with insurance companies and financial advisers reporting the largest rise in loss of client data through cyber…
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CRE Insurance
New head of global programmes for XL Catlin
Sonja Ochsenkuehn has been appointed as head of global programmes with worldwide responsibility by XL Catlin. She will have direct responsibility over XL Catlin’s global programme platform, with teams in…
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Global Risk Manager
Big fall in net income for rated Caribbean general insurers, says Best
Rated Caribbean general insurers reported a 32% decrease in overall net income, driven by persistently soft markets, low interest rates and strong competition, according to AM Best. However, despite this,…
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Africa
Is polygraph testing legitimate in the workplace?
Workplace fraud is on the rise and has reached an all-time high. According to research conducted by the Association of Certified Fraud Examiners, workplace fraud has steadily increased between 2012…
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Asia
June’s catastrophe losses reach $5bn with hefty insurance bill in US
Natural catastrophes recorded global economic losses of more than $5bn in June, according to Aon Benfield’s Impact Forecasting in its latest Global Catastrophe Recap Report. Global economic losses were driven…