Tony Dowding
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GRM Insurance
July 26, 2023
Underwriters unhappy with pricing tools and current processes
Neither underwriters nor actuaries are happy with pricing tools and current processes and the vast majority think their pricing technology…
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M&A
July 26, 2023
Big increase in transactional risk claims notifications in 2022
There has been a substantial 25% increase in global claim notifications on transactional risk policies in 2022 but the expected…
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ESG Insurance
July 26, 2023
Institute and Faculty of Actuaries commits to biodiversity actions
The Institute and Faculty of Actuaries (IFoA) has committed to the development of effective policy frameworks worldwide and methods for…
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North America
July 25, 2023
E&S property cover for California wildfire from new Lloyd’s syndicate
A new syndicate focused on providing excess and surplus (E&S) lines property insurance for California wildfire exposed commercial risks has…
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ESG Comment & Opinion
July 17, 2023
ESG data requirements for underwriting
Earlier this year, Oxbow Partners and Better Insurance Network published a report on ESG data for underwriting, highlighting the need…
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ESG Comment & Opinion
July 17, 2023
Insurers’ ESG credentials to play a role
The relationship between insurance and ESG is an interesting one. Clearly, the insurance sector is in a great position to…
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ESG Risk Review
July 17, 2023
A central role for captives
Captives have an important role to play when it comes to ESG, from identifying risks and providing innovative coverage, to…
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ESG Risk Review
July 6, 2023
The threat to corporates and D&Os from climate litigation
Climate litigation has been around for some time but has largely focused on activists taking action against governments with the…
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Climate Change
July 6, 2023
Aon and Asia Pac climate data and analytics firm in collaboration
Aon has formed a multi-year collaboration with Asia-Pacific climate data and analytics provider AbsoluteClimo. Aon said the aim was to…
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Middle East
July 6, 2023
Growth in Middle East civil unrest sees exclusions and coverage limitations
There has been a big increase in civil unrest in the Middle East in the past year, leading to some…
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Aviation
July 6, 2023
Aviation market stable despite reinsurance challenges and outstanding claims
Despite ongoing challenges and outstanding claims, core pricing in the aviation insurance market is surprisingly stable across most sectors, with…
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Asia
July 6, 2023
India prepares insurance law reform to allow captives
The Indian government plans to introduce legislation during Parliament's monsoon session beginning on 20 July to implement comprehensive reforms in…
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GRM Comment & Opinion
July 5, 2023
The insurance market – good in parts
It’s a strange old insurance market at the moment. We’re still in a hard market phase, albeit moderating and in…
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GRM Insurance
July 5, 2023
MGA Spring Insure targets European financial lines growth with underwriter hires
Financial and professional lines MGA Spring Insure plans to significantly expand its footprint in the UK and European FinPro sector,…
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Cyber & Technology
July 5, 2023
Global cyber market improving for buyers but more capacity needed
Conditions in the global cyber insurance market are now relenting, and buyers that have the correct risk controls in place…
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GRM People Moves
July 5, 2023
EY appoints EMEIA insurance leader
Phil Vermeulen has been appointed as EMEIA insurance leader at EY. He takes over from Peter Manchester, who has led…
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Climate Change
July 4, 2023
Climate scenario models are ‘benign’ and ‘implausible’, report warns
Climate scenario models in financial services significantly underestimate climate risk, with results “far too benign” and in some cases “implausible”,…
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Brokers
July 4, 2023
BMS Group acquires Australian broker Bluebook
BMS Group is set to acquire Brisbane-based specialty broker Bluebook Insurance Brokers. The broker said the deal is the sixth…
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Africa
July 4, 2023
Sedgwick expands into Mauritian market
Sedgwick has launched operations in the Mauritian market supported by the firm’s team in South Africa, which has developed longstanding ties to…
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People Moves
July 4, 2023
Sompo International appoints head of property insurance for Iberia
Jesús García Matas has been appointed as head of property insurance for Iberia by Bermuda-based Sompo International. He joins Sompo…