GRM News & Analysis
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Zurich creates new platform officer role to accelerate digital services
Zurich Insurance has appointed Frank Verkerk to the new role of group chief platform officer, which the insurer said will…
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Hopes for UK-EU financial services equivalence agreement fade
UK chancellor Rishi Sunak has said an equivalence deal on financial services equivalence with the EU has simply “not happened”,…
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UK will reform SII ‘as soon as possible’ on ‘compelling’ evidence for change
The UK government said it has collected “compelling” and “extensive” evidence to change “overly rigid” Solvency II rules, which the…
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Space: the final frontier? How risk management and data can enable innovation
Satellite launches into low Earth orbit are, to excuse the pun, rocketing. A dramatic reduction in the costs associated with…
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Reinsurance market ‘approaching equilibrium’, says Willis Re
Mid-year reinsurance renewals saw rate increases continuing for most major lines and territories, according to the latest 1st View renewals…
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London market’s relationship with Latin America examined in report
Latin American insurance markets are becoming more international and seeing regulatory improvements, according to a new report from New Dawn…
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New digital solutions team from HDI Global
HDI Global SE has formed a new digital solutions team, which will be part of the liability line of HDI…
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Berkshire Hathaway Specialty expands D&O/professional lines covers in Ireland
Berkshire Hathaway Specialty Insurance (BHSI) has added to its range of D&O liability and professional indemnity policies for customers in…
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US P&C sector positioned for a strong year: S&P
Growth in direct premiums written in the US property and casualty (P&C) sector is forecast to approach 5.8% this year,…
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AIG halves its carbon emissions in 2020
AIG halved its total carbon emissions in 2020, as it reduced its office footprint and Covid-19 prompted travel restrictions and…
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CIAM renews calls for Kessler to step aside in 2022 as Scor AGM approves separation of top roles
Activist investor CIAM said there was a “high level of shareholder opposition” at Scor’s AGM yesterday to renew Denis Kessler…
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Aon battles with DOJ over merger trial date as competition concerns mount
The $30bn merger of mega brokers Aon and Willis Towers Watson (WTW) looks certain to be delayed, and potentially scuppered,…
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AXA XL promotes David Hughes to head of hull, UK and Lloyd’s
AXA XL has promoted David Hughes to head of hull for the UK and Lloyd’s market. Mr Hughes joined AXA…
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Net-zero transition blocked by insurance innovation ‘barriers’, says ClimateWise paper
A new report by global insurance industry group ClimateWise calls for greater collaboration across the market and with government to…
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HDI Global Specialty plans expansion in Canada
Specialty lines insurer HDI Global Specialty SE has appointed Kelly Callachan as strategic relationship manager, in a move it said…
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Groupe SEB establishes reinsurance captive in France
Groupe SEB, a leading global manufacturer of small domestic appliances, has launched a reinsurance captive in France. Groupe SEB is…
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Malta added to Financial Action Task Force ‘grey list’
The intergovernmental Financial Action Task Force (on money laundering) (FATF) has added Malta to its list of jurisdictions under increased…
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WTW first broker to join Lloyd’s Ki digital trading platform
Willis Towers Watson (WTW) has become the first broker to start digitally trading complex specialty risks on the Ki platform…
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Pressure mounts on Asian insurers to exit coal after MS&AD first to adopt policy
Japanese insurer MS&AD has pledged to exit coal underwriting for new projects and cease investments in new coal power plants,…
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Court denies appeal for Australian insurers over BI test case
The Australian High Court has denied an appeal by the Insurance Council of Australia (ICA) of the NSW Court of…