Insurance
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HDI Global’s fire book restructure ahead of schedule at half-year stage
Torsten Leue, chairman of the board of management at Talanx, parent company of HDI Global and Hannover Re, said the…
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Growing Brexit liability risk as validity of insurance questioned: Mactavish
Mactavish said companies, including directors and officers, face a growing threat of being sued for failing to prepare for no-deal…
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MAS issues new rules to strengthen cyber resilience of financial industry
The Monetary Authority of Singapore (MAS) has issued a set of legally binding mandatory requirements to raise cybersecurity standards and…
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Reinsurers must up cyber modelling game
The reinsurance market faces a massive opportunity to grow the cyber market by teaming up with governments and the insurance-linked…
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Liberty Mutual results hit by ‘unusual volatility’ and adverse liability trends
Liberty Mutual reported significantly reduced net profit and slightly lower net written premium volumes in the second quarter of 2019…
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Sompo expands into small business space in US and Mexico
Sompo International Holdings, the Bermuda-based specialty insurance and reinsurance arm of Japanese giant Sompo, has announced that its Sompo Global…
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Hannover Re posts healthy profits on the back of ‘long-overdue’ price rises
Hannover Re says price increases obtained during 1 June and 1 July renewals were in some cases “appreciable”, will continue…
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European commercial prices continue upward trend led by property: Marsh
Prices for continental European commercial insurance coverage increased for the third consecutive quarter, as average commercial insurance pricing rose nearly…
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Zurich posts best combined ratio for a decade on the back of Greco’s turnaround
Mario Greco, group chief executive officer of Zurich Insurance Group, appears to be in a race with AIG’s Brian Duperreault…
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AIG turnaround finally underway as it reports another underwriting profit
The commitment from Brian Duperreault, president and chief executive officer of AIG, when he took over the company back in…
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Insurers welcome move to simplify policy language in Namibia
Insurers have welcomed the news that the Namibian finance minister has tabled a Financial Institutions and Markets (FIM) bill, which…
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ATI opens west Africa office
African Trade Insurance Agency (ATI) has opened a west Africa regional office, in Benin. The office launch caps a six-year…
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Lloyd’s retraction supports strong price momentum in Asia and Pacific: Marsh
Asian commercial insurance prices rose by 3.5% in the second quarter of this year, following a 4% increase in the…
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Japanese firm ordered to pay a further $35.5m for criminal cartel conduct
The Australian Federal Court has ordered Japanese shipping company, Kawasaki Kisen Kaisha Ltd (K-Line), to pay a fine of $35.5m…
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Hormuz crisis means Indian importers face huge hike in marine cargo premiums
Indian companies that import crude oil, petroleum products, chemicals and fertilisers from the Arabian Gulf and through the Strait of…
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Parima teams up with MAXIS GBN in Beijing for focus on employee benefits
The Pan-Asia Risk & Insurance Management Association (Parima) is this week supporting an event focused on employee benefits for risk…
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Corporate debt dynamics increase risk of hard landing for China’s economy
Recent efforts by the Chinese government to cushion its economic slowdown, partly sparked by the trade dispute with the US,…
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Risk managers need to check supply chains as South Korea-Japan spat hots up
Japan’s decision at the end of July to drop South Korea from its whitelist of countries with approved export status…
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Reserve releases, lower large losses and ‘market recovery’ boost Munich Re result
Munich Re generated a profit of €993m in the second quarter of 2019, up from €728m, and a decent increase…
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Aviva under pressure to reveal plans for Asian business in half-year results
Investors and analysts are putting pressure on Aviva, the UK multi-line insurer, to provide confirmation during its quarterly results statement…