Insurance
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April 24, 2024
Property risk and flood mapping platform expands to Europe
Geocoding and property intelligence expert Addresscloud has partnered with flood risk management firm JBA Risk management to map the flood…
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April 23, 2024
Action needed to bridge $800bn Asian climate finance gap
Asian governments, regulators and businesses need to sustain collective commitment and action, strengthen climate disclosures and support the de-risking and…
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April 23, 2024
Courage and collaboration needed to manage emerging construction sector risks
The construction sector’s long-term outlook is positive, but it faces a number of challenges, not least the number of emerging…
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April 23, 2024
Munich Re ‘more likely’ to exceed 2024 profit target after €2.1bn gain in Q1
Munich Re has posted a preliminary net profit of €2.1bn for the first quarter of 2024, significantly outrunning analysts’ expectations…
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April 23, 2024
Insurance Europe calls for EC to ‘get it right’ on Solvency II
Changes to Europe’s Solvency II regulation at technical level must be “fully aligned” with the intentions of the political agreement…
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April 23, 2024
Zurich North America names professional liability, cyber leader
Zurich North America has named Kara Higginbotham head of professional liability and cyber for US national accounts. Higginbotham, based in…
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April 23, 2024
Arch Insurance International names deputy CEO
Arch Insurance International has appointed Kirsten Valder as deputy CEO, responsible for developing the group’s London market and UK regional…
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April 23, 2024
Sompo pledges lead capacity for growth in France and Spain
Sompo International is making a big effort to grow in France and Spain, with more continental European markets likely to…
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April 23, 2024
Transactional risk market set to rebalance on back of M&A activity, says Chubb
Chubb’s new international transactional risk platform will initially focus on EMEA risks but will look to expand further in a…
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April 22, 2024
Global insurers’ market capitalisation grows as results improve
The aggregate market capitalisation of the top 25 global insurers grew 8.3% to $3.02trn on a quarter-on-quarter basis during the…
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April 22, 2024
MNK Group acquires Costa Rican insurer Oceánica de Seguros
UK-based MNK Group has acquired Oceánica de Seguros, an insurer based in San José, Costa Rica. The deal, completed through…
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April 22, 2024
New chief underwriting officer for Markel’s Indian operations
Priyanka Gautama has been appointed as chief underwriting officer for Markel’s Indian operations, subject to regulatory approval. Operating from Markel’s…
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April 22, 2024
Rates drive change in AM Best’s London market outlook to positive
Rating agency AM Best says strong pricing is driving underwriting profitability and behind its positive outlook on the London insurance…
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April 22, 2024
North American broker M&As slow in first quarter to Covid-19 levels
Mergers and acquisitions among North American insurance brokers and agents fell 18% in the first quarter, falling to the lowest…
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April 22, 2024
AI must be carefully monitored but will benefit insurance industry, say experts
The insurance industry is poised to benefit from the use of artificial intelligence but adopters of the technology must stay…
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April 19, 2024
Marsh tracks slowdown in global Q1 rate hikes
Marsh’s global insurance rate index increased 1% in the first quarter of this year, compared with 2% in Q4 2023,…
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April 19, 2024
Markel names head of terrorism in London
Chloe Gordge has been appointed as Markel's new head of terrorism in London. Gordge will lead the day-to-day running of…
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April 19, 2024
Insurers defend Nord Stream’s €400m lawsuit as act of war
Insurers for the Nord Stream gas pipeline damaged by blasts in 2022 have denied coverage in defence of a lawsuit…
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April 19, 2024
Allstate posts nat cat loss of $343m for March
US insurer Allstate incurred a $343m pretax catastrophe loss in March, significantly lower than the same period in 2023. The…
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April 19, 2024
UAE flash flood losses manageable as insurers adapt to changing weather
The recent extreme weather that caused severe flash flooding in the United Arab Emirates (UAE) is expected to prompt swathes…