Insurance
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Gard restructures across five business units
Maritime mutual insurer Gard is restructuring across five business units in a bid to be more client-focused and improve its…
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Marsh launches $1bn construction cover for data centres in UK and Europe
Marsh has launched an insurance facility to provide clients with construction cover for large-scale data centres in the UK and…
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New global cyber leader within commercial risk solutions at Aon
Brent Rieth has been appointed to the role of global cyber leader within commercial risk solutions at Aon. In his…
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Air India crash will harden global aviation (re)insurance market, says GlobalData
The Air India plane crash is set to harden the global aviation insurance and reinsurance markets, according to GlobalData. It…
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CFC hires former Markel CUO Nick Line
CFC Underwriting has named Nick Line, former chief underwriting officer at Markel, as its next CUO. Line will join CFC…
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Take the front foot with cyber
Sam Bye, head of cyber, Asia & Middle East, AXA XL, argues that a proactive approach to cyber security is…
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AI insurtech Concirrus expands US footprint
London-based AI insurtech Concirrus has expanded its US footprint through a new deployment with one of the world’s top ten…
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Samsung Fire & Marine to increase its shareholding in Canopius to 40%
Korea’s Samsung Fire & Marine has entered into an agreement with Canopius to purchase an additional 21% equity stake, bringing…
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Munich Re Specialty North America launches life sciences coverage
Munich Re Specialty North America has launched a life sciences coverage programme. The coverage is designed for companies involved in…
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Insurance Europe calls for changes to ‘excessive’ AML rules
Europe’s insurers have called for new proposals to strengthen the bloc’s anti-money laundering (AML) framework to be revised. Commenting on…
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Managing General Agents’ Association partners with Insurance DataLab
The Managing General Agents’ Association (MGAA) has partnered with market intelligence platform Insurance DataLab. The firm has also joined the…
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Aircraft lessors can claim for Russia jet losses under war risk policies, finds London court
A London court overseeing claims brought by six aviation leasing companies has largely ruled in favour of policyholders, in a…
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New insurtech offering from Markel Insurance
A new insurance product for insurtech businesses domiciled in UK, Europe, Australia, Asia and Canada has been launched by Markel…
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Third-party litigation funding fuelling speculative claims in Canada
The Canadian court system is being used by third-party investors to profit on lawsuits, according to a new report from law firm…
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FM names Jennifer Reno risk manager
Jennifer Reno, formerly global risk manger at QVC, has joined FM as vice president of risk management. Reno, who has…
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E&S market’s growth rate slows in US
The US excess and surplus (E&S) market continued to grow in 2024 but at a slower rate for the second…
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Cyber set to become next ‘battleground’ for BI disputes
A large systemic cyber event is likely to become the next Covid-19 and spark coverage disputes and litigation over untested…
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Use of conditions precedent rises, finds Airmic survey
Insurers are making greater use of conditions precedent to circumvent policyholder protections introduced by the Insurance Act, according to a…
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UK market softening gathers pace
The UK commercial insurance market is softening quicker than many expected and faster than most other parts of the world,…
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Dealmakers turn to M&A insurance amid tariff volatility
The US tariff announcement in April triggered a drop in demand for merger and acquisition (M&A) deals and an increased…