Tony Dowding
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Asia
Hong Kong insurance industry grew 9.1% in 2019
The Hong Kong insurance industry reported an increase in total gross premiums in 2019 of 9.1% to $580.2bn, and an…
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CRE People Moves
Senior appointments in Beazley’s global claims team
Beazley has appointed a new global head of complex claims and a new global claims team leader for healthcare. The…
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CRE Insurance
Atradius sees 2019 revenue increase and predicts insolvency growth in 2020
Atradius has reported an increase in revenue and result after tax for 2019, with fewer large claims compared to 2018.…
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CRE People Moves
Willis Towers Watson appoints global head of FINEX financial institutions
Susan Finbow has been appointed as global head of financial, executive and professional risks (FINEX) financial institutions at Willis Towers…
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Global Risk Manager
Canopius acquires Bermudan specialty reinsurer MultiStrat Holdings
Canopius Group has acquired a majority stake in MultiStrat Holdings, a specialty reinsurance group headquartered in Bermuda. MultiStrat writes both…
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Captives
CICA elects new chair, vice-chair and board members
The Captive Insurance Companies Association (CICA) has elected Lance Abbott as chair of the board of directors of the association.…
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Global Risk Manager
IGI Bermuda gets provisional approval as US excess and surplus lines insurer
The Bermuda subsidiary of International General Insurance Holdings (IGI) has been granted provisional approval by the National Association of Insurance…
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CRE Insurance
UK government keeps IPT at 12% in Budget
Risk managers and insurers alike will be relieved that last week’s UK Budget saw no mention of insurance premium tax…
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Global Risk Manager
US commercial insurance prices continue to increase – Willis Towers Watson
The fourth quarter of 2019 saw an acceleration of US commercial insurance prices, according to Willis Towers Watson (WTW), with…
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CRE Insurance
Xenia Broking Group to buy Howden UK’s trade credit business
Xenia Broking Group has entered into an agreement to acquire the trade credit business of Howden UK Group. Xenia is…
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Asia
Covid-19 to have limited impact on Japanese non-life market – Fitch
Fitch Ratings has said the majority of Japanese insurers’ ratings are unlikely to change under the financial market turmoil resulting…
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Global Risk Manager
US P&C industry in underwriting profit but downgrades on the rise – AM Best
The US property and casualty (P&C) industry improved its net underwriting income last year, but the sector also saw credit…
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CRE Legal Regulation
New data services solution from Axco
Axco has launched a new data solution that it said will enable better insurance market understanding for customers. The solution,…
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CRE Insurance
Davies completes Keoghs acquisition after SRA approval
Davies Group has completed the acquisition of insurance law firm Keoghs, following regulatory approvals from the Solicitors Regulation Authority. According…
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CRE Insurance
Big increase in value of global insurance deals in fourth quarter
The total value of global insurance industry deals for the fourth quarter of 2019 totalled $26.71bn, according to GlobalData’s deals…
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Analysis & Opinion
Why business travel insurance matters
The unfolding coronavirus (Covid-19) crisis has focused attention on the speed with which such outbreaks can spread globally. It has…
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Captives
Atlas Insurance Management acquired by Risk Strategies
US broker Risk Strategies has acquired captive management firm Atlas Insurance Management, as part of its purchase of Atlas Group…
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Asia
India to allow 100% foreign direct investment in insurance intermediaries
The Indian government is to allow 100% foreign direct investment (FDI) in insurance intermediaries, according to India’s business daily Business…
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CRE People Moves
Chubb makes North America claims team leadership appointments
Chubb has made two leadership appointments in its North America claims operation. Bill Hazelton has been named head of Chubb…
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Captives
Guernsey Finance appoints new chief executive
Guernsey Finance has appointed Rupert Pleasant as its new chief executive, replacing Dominic Wheatley who has led the organisation for…