Insurance
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Risk managers rank digitalisation as riskiest megatrend
Managing cyber risk amid accelerated and super-scale digitalisation is the megatrend that will have the greatest impact on Asian companies…
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Insurers call for PPPs to manage the move to green economy
The transition from the current economy to a greener alternative will need government support and greater involvement from insurers in…
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AIG names Fitzsimons CFO as Lyons moves into new role
AIG has shaken up its executive team and named Shane Fitzsimons executive vice-president and CFO, where he will replace Mark…
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Negative outlook for Colombia and Costa Rica’s insurance industry, says Best
AM Best is maintaining a negative market segment outlook on Colombia’s insurance industry, and has assigned a negative market segment…
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Reinsurance protects Allianz from Storm Bernd losses
Although Allianz has lifted its gross estimate from European flood claims by +22% to €1.1bn, reinsurance appears to have limited…
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European buyers faced moderating rises in Q3 as market looks to have peaked, says Marsh
Price increases for commercial insurance in continental Europe and the UK moderated during the last quarter, finds Marsh’s Global Insurance…
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Insurers make pitch to risk managers for real-time data services
Risk managers should embrace data strategies that use real-time data and a single version of the truth in order to…
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Property market on cusp of ‘big change’ from data revolution, says AXA XL’s Richème
Property underwriting is on the cusp of “big change” on the back of improved data but will remain hard for…
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Fidelis renews quota share with Berkshire Hathaway for 2022
Bermuda-based Fidelis Insurance has renewed its 20% whole account quota share with Berkshire Hathaway for 2022. The insurer said this…
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Parima chief calls for greater action from risk managers on climate change
Franck Baron, chairman of the Pan-Asia Risk & Insurance Management Association (Parima), has called on risk managers to ensure their…
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Companies told to act now on climate risk reporting ahead of mandatory regs
The head of climate and sustainability strategy at Marsh has called on companies to accelerate their climate change reporting plans…
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Insurers face near-term $100bn-plus nat cat loss per year, finds AIR
Insurers face an average annual nat cat loss bill of about $106bn in the short term, compared to $75bn a…
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MGA CFC growth boosted by big PE deal
CFC, the tech-driven MGA, has received further “significant” investment from PE firms EQT Private Equity and Vitruvian Partners. Upon completion,…
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Parima’s digital conference on resilience gets underway
The annual conference of the Pan-Asia Risk & Insurance Management Association (Parima) began today, with an opening session on the…
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Marsh offers better D&O cover for clients with strong ESG risk management
Marsh has launched a D&O scheme that will reward clients with strong ESG risk management with better cover. The move…
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SiriusPoint inks deal with Parameter Climate
Bermuda specialty insurer SiriusPoint has announced a strategic partnership with Parameter Climate, a full-service climate underwriting and distribution advisory firm.…
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Chris Wallace named head of UK at QBE
Chris Wallace has been appointed executive director of QBE’s UK insurance business, taking over the role from Cécile Fresneau, who…
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WTW appoints sustainability leader Fox Carney to resilience hub
Willis Towers Watson (WTW) has appointed sustainability expert Diana Fox Carney as a strategic adviser in its Climate Resilience Hub.…
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Employee benefits market needs to develop risk engineering services, say experts
Employee benefits (EB) insurers must start thinking beyond pure risk transfer and begin offering more risk engineering-type services to unlock…
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UN calls on insurers to stop underwriting carbon-intensive industries
The insurance industry needs to redirect its investments and underwriting away from carbon-intensive industries and align its activities with the…
