Tony Dowding
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Asia
GIC Re and United India Insurance may be privatised
The Indian government is reported to be considering the privatisation of United India Insurance and state-owned reinsurer General Insurance Corp…
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CRE Insurance
Specialist Risk Group acquires trade credit specialist
Insurance intermediary Specialist Risk Group (SRG), has acquired Bristol-based trade credit specialist, The Channel Partnership. The senior team and staff…
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Africa
Insurance M&A to surge in 2021, says Clyde & Co
Merger and acquisition (M&A) activity in the insurance sector will surge in the first half of 2021, given the volume…
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Global Risk Manager
Hard market conditions in fourth quarter highlighted by US broker survey
All lines of commercial insurance continued to be impacted by hard market conditions and Covid-19 in the fourth quarter of…
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Global Risk Manager
Stable results and capacity for US excess and surplus lines industry in 2021
The US excess and surplus lines industry’s ongoing ability to successfully navigate the Covid-19 pandemic has led AM Best to…
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Asia
London still losing ground to New York as world’s leading financial centre
A new report from Duff & Phelps suggests that London continues to lose ground to New York as the world’s…
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Captives
Vermont licenses 1,200th captive
Vermont continues to grow as a captive domicile and has licensed its 1,200th captive insurance company. Assurance Company was granted…
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CRE Insurance
New Lloyd’s legacy syndicate launched by Apollo and Compre
Apollo Syndicate Management and Compre have launched the new Lloyd’s legacy business-focused Syndicate 1994, which has received approval from Lloyd’s.
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Captives
Guernsey expects significant rise in new captives from fast-track pilot
Last year, Guernsey licensed seven new captives, but the domicile expects to see a significant rise in 2021, according to…
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Asia
China sees steady premium growth in 2020
The China Banking and Insurance Regulatory Commission (CBIRC) has highlighted steady premium income growth in 2020 for China's insurance sector,…
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Captives
Isle of Man ramps up captive offering with digital marketing campaign
In a sure sign that the captive insurance sector is seeing considerable interest as the hard market bites, the Isle…
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Global Risk Manager
Proactive strategies needed to deal with tough US market conditions, says Brown & Brown
The US property market in 2021 is expected to see substantial rate and deductible increases, reductions in capacity, coverage restrictions…
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Captives
New Guernsey captive management facility from Davies
Davies has launched a new captive management facility in Guernsey, following regulatory approval from the Guernsey Financial Services Commission. According…
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CRE Insurance
Eiopa’s SII proposals ‘make a start’ in tackling its uneconomic aspects
AM Best believes that the Solvency II reform proposals put forward by the European Insurance and Occupational Pensions Authority (Eiopa)…
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Captives
Tennessee latest US domicile to report captive growth in 2020
Tennessee is the latest US captive domicile to report solid growth in 2020. It saw a 64% increase in captives…
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Global Risk Manager
Strong US insurance industry premium growth predicted for 2021
New projections from the Insurance Information Institute and Milliman foresee strong premium growth for the US insurance industry in 2021,…
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Asia
India’s foreign-ownership change could see global insurers entering market says Fitch
India’s proposed relaxing of foreign-ownership caps on insurers, and the listing of the country’s largest state-owned insurer, will help the…
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Global Risk Manager
Maxis GBN partners with musculoskeletal injury healthtech firm
California-based healthtech firm SimpleTherapy has partnered with Maxis Global Benefits Network (Maxis GBN) to help multinationals tackle the issue of…
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CRE People Moves
Chubb makes leadership appointments in North America financial lines division
Chubb has appointed Michael Mollica, executive vice -resident, as its new head of private/not-for-profit management liability business for North America.…
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Captives
Strategic Risk Solutions to establish Guernsey operation
Strategic Risk Solutions (SRS) is to launch an operation in Guernsey, headed by veteran captive manager Peter Child. The move…