Insurance
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February 20, 2024
QBE UK narrows gender and ethnicity pay gaps
QBE UK said its gender pay gap narrowed to 21.9% in 2023 from 24.7% in 2022 and from 32.8% when…
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February 19, 2024
Analytics service to help UK insurers better assess ESG risk
A new service from credit information provider CRIF will enable UK insurers to assess the ESG profile of their UK…
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February 19, 2024
Property insurance market conditions stabilise as competition increases
Global property insurance market conditions remain favourable for insurers, with continued growth expected in 2024, according to Beazley, noting that…
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February 19, 2024
Rate increases drive QBE to 131% profit growth
QBE’s net profit jumped 131% to $1.36bn in 2023 after pushing through rate increases averaging 9.7% across the business, compared…
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February 19, 2024
German insurers issue new model cyber conditions
The German Insurance Industry Association (GDV) has revised its non-binding model conditions for cyber insurance to take into account the…
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February 16, 2024
North American construction casualty team launched by Lockton
Lockton has launched a North American construction casualty team with the appointment of Oliver Ross as senior vice-president within the…
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February 16, 2024
Fairfax Financial says 2023 best year in its history as profits grow
Fairfax Financial Holdings Limited has reported a 29.9% increase in net earnings from $3,374.2m for fiscal year 2022 to $4,381.8m…
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February 16, 2024
Tokio Marine Kiln unveils new CEO and CUO
Specialty insurer Tokio Marine Kiln (TMK) has announced that Matthew Shaw, current chief underwriting officer (CUO), will succeed Brad Irick…
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February 16, 2024
Corporate Solutions boosts net income by 43% as Swiss Re rebounds after tough 2022
Swiss Re Corporate Solutions increased net income by 42% to $678m last year, as its parent group saw profits jump…
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February 16, 2024
IAIS publishes updated register of Internationally Active Insurance Groups
The International Association of Insurance Supervisors (IAIS) has published its updated register of Internationally Active Insurance Groups (IAIGs) as disclosed…
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February 16, 2024
QBE appoints Asia CEO
Rob Kosova has been appointed as CEO Asia at QBE, with effect from 1 April, subject to regulatory approval. He…
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February 15, 2024
Howden enters captive market with acquisition of ARM Group
London-based international broker Howden has announced that it has agreed to acquire ARM Group Holdings Limited (ARM), the parent of…
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February 15, 2024
Dual boosts senior team for UK growth
Dual UK, managing general agent and specialist underwriting arm of Howden Group, has made several new appointments as it gears…
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February 15, 2024
WTW in co-brokerage arrangement with NY agency for Asian clients
WTW has formed a co-brokerage arrangement with the New York-based Solomon Agency Corporation, focusing on insurance brokerage, risk management and…
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February 15, 2024
New Latin America president at Crawford & Company
Leonardo Semenovitch, country manager of Brazil at Crawford & Company, has been promoted to Latin America president. This follows the…
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February 15, 2024
Gallagher announces global facultative reinsurance exec changes
Arthur J Gallagher is establishing new hubs in Singapore and Sydney for its global facultative reinsurance business and expanding its…
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February 15, 2024
Call for D&O market to plug entity cover gap
D&O insurers are being urged to help plug the gap in cover for growing UK corporate criminal liability. Recent years…
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February 14, 2024
Sompo International gets insurance licence in France
Sompo International has been granted a licence to write primary insurance in France as it continues to expand across continental…
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February 14, 2024
Marsh adds extra capacity through enhanced D&O Echo facility
Marsh has enhanced its D&O Echo facility with the provision of up to $75m of excess D&O insurance capacity, or…
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February 14, 2024
Mapfre Global Risks net profit up 40%
Mapfre’s net profit growth of 7.7% to €692m in 2023 was driven by its Mapfre Re unit, which houses Mapfre…