Insurance
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Bermuda (re)insurers to return to underwriting profitability in 2021, says Fitch
Combined ratio improvement and continued premium rate increases, offsetting increased catastrophic losses, will see Bermuda (re)insurers return to underwriting profitability…
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Ardonagh Specialty expands cross-class follow-capacity solution to property
Ardonagh Specialty’s cross-class follow-capacity solution has been expanded to include Price Forbes’ property business. A panel of underwriters including Lloyd’s…
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Geneva Association says cyber risks need government backstop or PPP
A government backstop or public-private partnership (PPP) is needed to transfer certain catastrophic cyber risks because the private insurance market…
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Over 10,000 UK BI policyholders still without Covid-19 payments
More than 10,000 UK businesses are still awaiting any form of payment from their insurers for Covid-19 business interruption (BI)…
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UK bars four EU financial services firms under post-Brexit regime
Four European financial services firms have been barred from conducting business in the UK, after its regulator said they failed…
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Generali Global Corporate & Commercial strengthens construction and engineering capabilities
Generali Global Corporate & Commercial (GGC&C) has enhanced its partnership with Protos Check, with a new agreement that the insurer…
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Lloyd’s considers future at One Lime Street
Lloyd’s could move out of its iconic home at London’s One Lime Street, according to reports. Trade publication Business Matters…
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European insurers tell EC proposed Solvency II changes would add avoidable costs
The European insurance trade association has told the EC that its proposed changes to Solvency II include elements that would…
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Global tensions can be eased through climate risk management, finds new report
Lloyd’s has published a new report that it says will help risk managers and insurers navigate the significant overlap between…
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Excess-of-loss cover to feature more in credit insurance
Large companies are increasingly opting for excess-of-loss credit insurance, with the trend set to grow further in the future. This…
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Board directors rate regulatory probes as greatest personal risk
An overwhelming majority of board directors (84%) said a regulatory investigation is the biggest personal liability they face, according to…
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UK to review London market regulations after push for more proportionate rules
A new UK parliamentary investigation into London insurance market regulation is an “opportunity” for more proportionate rules to secure the…
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Secondary perils account for greater loss share of cat events in US, says Best
Secondary perils such as wildfires, tornadoes, and severe thunderstorms are accounting for a larger share of the losses from catastrophe…
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Advent Insurance Management launches delegated authority technology platform
A global collaboration platform for the delegated authority market has been launched by Ecliptic, the technology arm of Advent Insurance…
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Leadership changes at Zurich North America including new head of captives
Zurich North America has announced a number of key leadership changes, including a new head of captives. Dawn Hiestand, currently…
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IUA business plan targets correlate with risk managers’ concerns
The International Underwriting Association (IUA) is set to focus on the problems that keep risk managers awake at night. The…
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Brokerslink shakes up board with four new directors
Global broking network Brokerslink has appointed four new board members, from Singapore, Turkey, Panama and Cameroon. The directors were confirmed…
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Rebel investors step down and prepare to battle re-election of Generali board
The rift between Italian insurance giant Generali and two of its biggest investors that are unhappy with the new strategic…
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Pool Re backs new systemic risk research to develop transfer solutions
A new research programme, led by the funded by UK terrorism mutual Pool Re and a consortium of international companies,…
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DAC Beachcroft highlights ESG, class actions and social inflation as big issues for 2022
Environmental, social and governance (ESG), class actions and social inflation all feature prominently in the latest insurance predictions from DAC…
