Insurance
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February 28, 2024
Swiss Re calls for adaptation measures to tackle climate change
A new analysis of 36 countries and their exposure to climate change carried out by the Swiss Re Institute ranks…
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February 27, 2024
Munich Re urges European politicians to back cyber pool
Munich Re has urged policymakers in Europe and Germany to throw their weight behind a state-funded backstop for systemic cyber…
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February 27, 2024
P&C reinsurance dents Munich Re’s profits but ERGO performs well
Munich Re’s profit fell 13.4% last year to €4.58bn, despite improved performance at its primary unit ERGO, as P&C reinsurance…
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February 27, 2024
Mothers Rise Up stages fossil fuel protest outside Lloyd’s
Climate action group protestors have urged Lloyd’s to cease insurance for new fossil fuel projects, and called for a “fair…
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February 27, 2024
WTW launches Bermuda excess casualty construction facility
A Bermuda excess casualty construction facility has been launched by WTW, tailored to meet the needs of clients in the…
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February 27, 2024
Beazley highlights global cyber regulatory changes
The Portuguese Insurance and Pension Funds Supervisory Authority has recently declared that insurance contracts indemnifying the ransom payment associated with…
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February 27, 2024
Hong Kong pushing for further captive and ILS growth
The Hong Kong Insurance Authority (HKIA) is stepping up its efforts to firmly establish the territory as a leading centre…
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February 27, 2024
German insurers demand new traffic rules if cannabis legalised
German insurers are calling on the federal government to create clear rules for road traffic as quickly as possible if…
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February 27, 2024
Specialist marine MGA receives full FCA approval
Specialist marine MGA Amphitrite Underwriting London has received full authorisation from the UK Financial Conduct Authority (FCA). Amphitrite said that…
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February 26, 2024
Valencia fire sparks cladding concern as Mapfre confirms it is on cover
The fire that killed at least ten people in Valencia last week has triggered a debate in Spain about the…
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February 26, 2024
Insurance M&A activity hits bottom but may pick up in 2024
Insurance M&A activity is at its lowest level for a decade, with 346 completed M&As worldwide in the insurance sector…
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February 26, 2024
New executive director for international markets at QBE
Kevin Shallow has been appointed to the role of executive director, international markets at QBE. The insurer said his role…
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February 26, 2024
Berkshire Hathaway’s primary business sees underwriting earnings jump almost 250%
Berkshire Hathaway’s Primary Group, which includes Berkshire Hathaway Specialty Insurance (BHSI) and other primarily commercial units, increased its underwriting earnings…
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February 26, 2024
Buyers in US faced lower premium increases in Q4 2023
Premium increases in the US insurance market slowed across the board in the fourth quarter of 2023, according to The…
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February 26, 2024
US casualty insurance costs rising for multinationals
Multinational companies with US casualty exposures face higher insurance costs, as insurers and reinsurers react to persistently high loss ratios…
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February 26, 2024
Lockton CEO steps down
Peter Clune has stepped down as CEO of US-based international Lockton and will be replaced by Ron Lockton, son of…
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February 23, 2024
AGCS’s profits up 20.6% to help Allianz Commercial hit €2.6bn
Allianz Global Corporate & Specialty (AGCS) saw its operating profit jump 20.6% last year to €953m and business volume rise…
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February 23, 2024
Only half of firms retrieve data after ransomware payments
Most cyberattacks breached organisations’ networks through their supply chain, according to US-based cybersecurity firm Cybereason. It found that 41% of…
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February 23, 2024
Reinsurance pricing could be affected by influx of alternative vehicles
Alternative-reinsurance vehicles could continue to be the primary source of new capacity in 2024, according to Bloomberg Intelligence. It said…
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February 23, 2024
Air pollution rises up risk agenda in UK and EU
Air pollution is the fastest-growing insurance protection gap among climate risks, say Airmic members polled in the association’s latest survey.…