Insurance
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April 26, 2024
Ferma members told AI will bring risk and reward for corporate insurance buyers
The growing use of artificial intelligence (AI) by insurers promises big benefits for corporate insurance buyers, but also comes with…
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April 26, 2024
Aon’s revenues up 5% as it completes $13bn NFP deal
Aon’s revenues rose 5% in the first quarter of this year, by $199m to $4.07bn, with Commercial Risk Solutions delivering…
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April 26, 2024
UN launches new net-zero insurance forum to replace NZIA
The United Nations Environment Programme (UNEP) has disbanded the Net-Zero Insurance Alliance (NZIA) and replaced it with the Forum for…
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April 26, 2024
Pen extends fleet capacity deal with Zurich in Republic of Ireland
Pen Underwriting has extended its long-term strategic collaboration with Zurich in the Republic of Ireland in support of Pen’s highly…
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April 26, 2024
Mapfre Global Risks boosts profit by 58% despite reduced premiums
Mapfre’s large corporate and industrial unit Global Risks posted a 58% boost to its net result that hit €10.7m for…
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April 26, 2024
Talanx confident of ‘significantly exceeding’ full-year forecast
Hannover-based insurance and reinsurance group Talanx has reported a quarterly consolidated net income of €572m. The group – which contains…
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April 26, 2024
US insurers’ profitability unlikely to be impacted by Baltimore bridge collapse
The Baltimore bridge collapse incident is unlikely to impact the profitability of US insurers, according to GlobalData, despite being one…
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April 26, 2024
WTW posts 4% higher revenue on mixed rating environment
WTW reported $2.34bn in first-quarter revenue, up 4% overall and 5% on an organic basis from the year-earlier period, in…
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April 26, 2024
New toolkit from TT Club to assist development of ESG policies
Transport and logistics mutual insurer TT Club has produced a toolkit to assist those it insures meet the complex demands…
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April 26, 2024
Gallagher reports 20% revenue increase in Q1 with premiums up 7% at renewal
Arthur J. Gallagher reported double-digit revenue increases in both of its major business segments in the first quarter of 2024,…
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April 26, 2024
Marsh launches global alternative risk solutions practice
A new global alternative risk solutions practice has been launched by Marsh, bringing together its expertise in parametric solutions, alternative…
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April 25, 2024
Insurtech partners with USAID on climate adaptation programme
UK-based insurtech Blue Marble is to scale an innovative financial product in Kenya to strengthen the climate adaptation of coffee…
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April 25, 2024
ICEYE in data collaboration with Juniper Re on flood and wildfire
Satellite-powered disaster management solutions provider ICEYE has formed a new data collaboration with Juniper Re, the reinsurance broking arm of…
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April 25, 2024
Senior appointments in Lockton’s crisis management team
Lockton has made two senior promotions within its crisis management team. Helen Sandford has been appointed head of special crime…
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April 25, 2024
European rates up overall but financial and cyber lines falling: Marsh
European insurance rates rose by a further 3% in the first quarter of 2024 across the board, but the softening…
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April 25, 2024
New CEO of Davies’ multi-sector global consulting division
Pino Vallejo has been appointed as the new CEO of Davies’ multi-sector global consulting division, formerly known as Sionic. He…
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April 25, 2024
Cyber cat consortium launched to help transfer systemic risk
Ariel Re and Hiscox Re & ILS have launched an “industry first” cyber catastrophe consortium to ultimately boost coverage in…
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April 25, 2024
London market to remain closed for construction SPPI cover
The London insurance market is unlikely to start offering single project professional indemnity (SPPI) cover for construction firms again anytime…
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April 24, 2024
Rates fall in most regions during Q1 but rise in Europe and US: Marsh
Average commercial insurance rates fell in the UK, Asia, Canada and the Pacific during the first quarter of this year…
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April 24, 2024
Chubb says Q1 saw ‘best rates’ as it books $2bn profit
Chubb chairman and CEO Evan Greenberg said the group saw “the best rates and pricing” for more than a year…