Tony Dowding
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Asia
Australian floods to put pressure on reinsurance rates
Recent floods in Australia are set to dampen near-term earnings and further elevate the insurance industry’s loss burden from natural…
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Asia
Sedgwick appoints head of Asian forensic advisory services division
Sedgwick has appointed Linda Sim as head of its forensic advisory services division in Asia. According to Sedgwick, a global…
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CRE Insurance
Allianz to acquire Aviva Poland for €2.5bn
Allianz is to acquire Aviva Poland in a deal worth €2.5bn, making Allianz the fifth-largest insurer in Poland and consolidating…
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Construction
Generali partners with satellite-imaging specialist for large construction project risks
Generali Global Corporate & Commercial (Generali GC&C) and NHAZCA, a specialist in satellite and geohazard risk assessment, have announced a…
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CRE Legal Regulation
Canadian insurance law firm Alexander Holburn joins Legalign Global
Legalign Global has strengthened its network with the addition of Canadian law firm Alexander Holburn (AHBL). Legalign Global is a…
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CRE Insurance
New CEO for Davies’ legal solutions business Keoghs
Davies has promoted Allison Carr to CEO of its legal solutions business Keoghs, following the retirement of current CEO John…
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Analysis & Opinion
The need for resilience in the face of uninsurable risks
The desire to mitigate risks and improve resilience is nothing new, but risks are changing and evolving at a faster…
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Asia
Insurance sector FDI increase to 74% approved by Indian parliament
The Indian parliament has approved a bill to increase foreign direct investment (FDI) in the insurance sector from 49% to…
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Captives
VCIA’s president criticises Washington’s captive law
Washington state’s new captive bill is poorly drafted and sets a terrible precedent on regulation in other domiciles, according to…
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CRE Insurance
January renewals saw global reinsurance capital return to pre-pandemic levels
Global reinsurance capital returned to its pre-pandemic level at the January 2021 renewals, according to AM Best, despite extraordinary losses…
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CRE Legal Regulation
China removes 51% cap on foreign ownership of insurance companies
The China Banking and Insurance Regulatory Commission (CBIRC) has removed the 51% cap on foreign ownership of insurance companies. The…
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Global Risk Manager
Credit insurers warn of weak recovery in 2021 for Mexico with increasing bankruptcies
The Covid-19 pandemic exacerbated an already weak economic situation in Mexico and caused a severe economic contraction of more than…
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Asia
Hong Kong insurance industry reports premium and profit growth for 2020
The Hong Kong insurance industry saw total gross premiums grow by 4.9% to $608.4bn in 2020 compared to the previous…
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Global Risk Manager
US P&C pandemic losses will take several years to determine, says Fitch
The amount of ultimate pandemic losses in numerous products underwritten by US property and casualty (P&C) insurers, including business interruption…
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CRE Insurance
Investment firm BC Partners takes majority stake in Davies
Professional services and technology business Davies has announced a major new investment in the firm. Funds advised by investment firm…
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Global Risk Manager
US P&C insurers saw underwriting profit grow in 2020
The US property and casualty (P&C) industry improved its overall profitability in 2020, according to AM Best, despite the impacts…
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CRE Insurance
Miller launches new platform in Bermuda
Charlie Simpson has joined Miller to lead the broker’s new platform in Bermuda. Miller said the move continues its international…
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Global Risk Manager
Capital levels of Mexico’s insurers remain sound, says Best
Mexico insurance industry’s capitalisation remains sound, according to AM Best, despite a downswing in the credit quality of its fixed-income…
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CRE People Moves
New Dawn Risk moves into Latin America
New Dawn Risk Group is expanding into Latin America with the appointment of Manuel Sicard. According to the specialist insurance…
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Global Risk Manager
Marsh highlights transactional risk insurance growth in the US and Canada in 2020
Merger and acquisition (M&A) deal volume soared to record highs in the second half of the year, prompting growth of…