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CRE Insurance
Lloyd’s sees Brexit as opportunity in France
Lloyd’s believes that Brexit will create opportunities to expand its business in France, according to Guy-Antoine de la Rochefoucauld, the market’s representative in the country. Lloyd’s underwrote more than €550m…
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Asia
A good year ahead for Asian insurance buyers: Aon
Overall, 2017 should be a positive year for risk managers and insurance buyers, thanks to abundant capacity and decreasing rates, even in areas of growing exposure such as cyber and…
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CRE Insurance
Claims service prompting buyers to switch carriers: Van Santen
Insurance buyers are increasingly concerned by poor claims experience, according to Thierry van Santen, chief executive of Allianz Global Corporate & Specialty (AGCS) in France. Speaking at the AMRAE conference…
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CRE Insurance
AI technology set to speed up motor claims and cut costs
New artificial intelligence (AI) technology to streamline and speed up motor damage claims is to launch in Europe. Tractable said its AI technology, which has already launched in the US…
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Africa
IMO gives climate change boost to Kenyan university
International Maritime Organization (IMO) has selected Jomo Kenyatta University of Agriculture and Technology (JKUAT), Kenya, to host the regional Maritime Technology Cooperation Centre (MTCC) for the Africa region, as…
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Africa
Chubb names new director of claims
Chubb has promoted Steve Parry, currently claims director for UK and Ireland, operations and integration, to the role of director of claims for Europe, Eurasia and Africa. In his new…
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Analysis & Opinion
Risk in spotlight for Chinese regulators
China has been undergoing significant legal and regulatory reform in the (re)insurance sector for some time and this is set to continue into 2017. The China Insurance Regulatory Commission (CIRC)…
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Captives
Vermont reports continued growth in captives in 2016
Vermont licensed 26 new captive insurance companies in 2016, down slightly from the 33 captives licensed in 2015, according to the Vermont Department of Financial Regulation. The new captives bring…
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Captives
Charles Taylor opens captive services office in Panama
Charles Taylor, a provider of professional services to the insurance sector, has opened an office in Panama to market captive insurance services to businesses across Latin America. The office will…
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CRE Legal Regulation
NAIC appoints representative to OECD
Oklahoma insurance commissioner John Doak has been appointed as the National Association of Insurance Commissioners’ (NAIC) representative to the Organisation for Economic Co-operation and Development (OECD). Through his p... Want…
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Asia
International reinsurers flock to Mumbai to tap “huge opportunity”
International reinsurers continue to announce the creation of onshore reinsurance operations in India following the recent relaxation in rules designed to attract fresh risk capital to this rapidly growing market.…
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Africa
New platform launched to boost pan-African business opportunities
A new pan-African platform is being launched next month to promote the ease of doing business in Africa, increase the investment attractiveness of the continent and facilitate the implementation of…
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CRE Risk Management
Deutsche Bank receives record fine for money laundering scandal
Deutsche Bank has been fined £503m by UK and US authorities for a “serious” failure to put adequate control systems in place to prevent money laundering. The total includes the…
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CRE Insurance
ILS market up to $75bn in 2016
The insurance-linked securities (ILS) market increased to $75bn last year from $70bn in 2015, according to Willis Capital Markets and Advisory (WCMA). In an update on the ILS sector, WCMA…
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CRE Insurance
M&A drives rating upgrades for western European insurers: AM Best
Mergers and acquisitions (M&A) and enhancements to risk management were the key drivers for financial strength upgrades for western European insurers and reinsurers in 2016, according to analysis of AM…
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Africa
New scheme to boost cross border trade in Africa
The Djondo Fellowship has launched a fellowship programme for businesses in Africa, aiming to support African companies to profitably expand beyond their domestic economies and become multinational champions of African…
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Asia
Flood model launched for Vietnam on back of insurance market boom
JBA Risk Management, the London-based risk modelling firm, has released what it says is the first ever high resolution, multi-peril flood model for Vietnam to help the insurance industry better understand flood risk…
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Asia
Berkshire Hathaway expands to Malaysia and makes plans for Japanese cat market
US-based insurance and reinsurance group Berkshire Hathaway continues its energetic drive into the corporate insurance market in the Asia-Pacific region, as it announced its expansion into Malaysia and also reportedly…
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Africa
African banks filling the gaps left by international groups withdrawing
The world should learn lessons from African banks, according to Christine Lagarde, International Monetary Fund (IMF) managing director, who said they are supporting businesses and countries as they grow. But…
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Africa
SSA states benefiting from rating upgrades
Uncertainties are set to dominate the global economic climate but, for the first time since mid-2015, Coface has made more upgrades than downgrades in its country risk assessments covering business…