Insurance
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Insurance rates rise in all regions for first time since 2012: Marsh
Global average commercial insurance prices rose by 2% in Q4 2018, marking the fifth consecutive quarter of increases and the…
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JLT revenues up 5% ahead of MMC deal closure
JLT has reported 5% organic growth in 2018 and pre-tax profit up 25% to £233.6m, ahead of MMC’s takeover due…
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Insurtech investments surge 155% as cyber becomes focus: Willis
The value of worldwide insurtech deals increased 155% in Q4 2018 to $1.59bn, with the number of deals up 24%…
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UK’s Brexit sovereign rating watch won’t trigger insurer downgrades: Fitch
UK insurer financial strength ratings will not automatically be affected by Fitch’s decision to apply a negative watch on the…
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Growing investor class actions add to D&O market pressures
Two investor class actions launched in the UK this month have added to international pressure driving up D&O rates...
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QBE returns to profit in 2018 as rates rise 4.4% in Europe
QBE Insurance Group has turned around net losses of $1.25bn in 2017 to record a profit of $350m in 2018,…
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Ageas’s India share acquisition approved and group results improve in 2018
Ageas’s acquisition of 40% of the share capital of the Indian non-life insurance company Royal Sundaram General Insurance Co Limited…
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A market of opportunity: what buyers of international programmes need to know about Indonesia
Indonesia has a rapidly growing middle-class population and is rich in natural resources. As clients seek to expand into this…
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Insurance Europe reiterates opposition to US BEAT regulations
Insurance Europe has again stressed that the US Treasury/Internal Revenue Service’s proposed Base Erosion and Anti-abuse Tax (BEAT) regulations are…
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Germany extends UK insurers’ passporting rights for 21 months under no-deal Brexit
Germany has adopted a provision to extend passporting rights for UK insurers in the case of a no-deal Brexit...
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Swiss Re Corporate Solutions open to acquisition opportunity: reports
Swiss Re Corporate Solutions says it is open to an acquisition if the right opportunity presents it itself, according to…
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Sextortion emerges as latest cyber risk trend
A new cyber threat has emerged, whereby criminals claim to have evidence of employees using pornographic websites at work and…
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Brokerslink names Christos Gavriel regional manager for Europe
Brokerslink has named Christos Gavriel regional manager for Europe. Mr Gavriel held various international roles at AIG before running his…
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AXA XL makes €233m cat-hit loss in 2018 but revenues and rates rise
AXA XL made a loss of €233m last year as catastrophes took their toll, but revenues were up 10% –…
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Swiss Re Corporate Solutions delivers ‘disappointing’ result as Berger prepares to take charge
Andreas Berger, the incoming CEO of Swiss Re Corporate Solutions who starts his new job on 1 March, is possibly…
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SCOR Business Solutions sees tense year-end as sign of hardening market
SCOR Business Solutions, the corporate insurance arm of the French reinsurance group that now accounts for 12% of the reinsurer's…
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SMEs underestimate cyber risk, warns Chubb
Cybercriminals are cashing in on the “naivety” of small and medium-sized companies (SMEs) that believe they are not a top…
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SCOR reports record premiums with net income up 13%
SCOR reported record gross written premiums of €15.3bn in 2018, with net income up almost 13% to €322m. Group written…
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Specialty insurer StarStone appoints Agile as MGA in Australasia
Lloyd’s coverholder and managing general agent (MGA) Agile Underwriting has been appointed as a representative agent by specialty insurer StarStone…
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European insurance group concerned about negative social effects of regulation
A group of European social partners in the insurance sector, including Insurance Europe and the Association of Mutual Insurers and…