Insurance
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Expert panel questions validity of ‘light-touch’ Brexit solutions
UK insurers and reinsurers have been advised to consider longer-term options offered by mature insurance centres to maintain access to…
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China Re brings Chinese renewable energy risks to London
China Re, now the biggest reinsurance group in Asia and eighth globally by premium income, has announced the launch of…
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EU bans Boeing Max as Global Aerospace confirmed lead insurer
The EU has banned all Boeing 737 Max aircraft from flying in Europe over safety concerns, with more than half…
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UK P&I Club issues maritime burn risk guide
UK P&I Club has warned of burn risks to personnel at sea and issued a prevention guide for shipowners. UK…
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AGCS launches product recall for emerging automotive risks
Allianz Global Corporate & Specialty (AGCS) has launched product recall cover for UK manufacturers of automotive component parts, although the…
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ArgoGlobal appoints CUO for Europe and Asia
Lloyd’s insurer ArgoGlobal has appointed Alfredo Alonso chief underwriting officer for Europe, Middle East and Asia. Mr Alonso will take…
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Tokio Marine names team to lead surety expansion in Nordics and Europe
Tokio Marine HCC has appointed Henning Skaarup as head of surety in the Nordics, as the company looks to expand…
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Lockton appoints new COO for Asia
US-based independent insurance broker Lockton has hired a former JLT executive as its first chief operating officer (COO) for Asia.…
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Chubb leads on Willis-brokered Ethiopian Airlines crash as safety fears mount
Chubb is the lead underwriter of the Ethiopian Airlines plane that crashed on Sunday with Willis Towers Watson the broker,…
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New head of global operations for Lloyd’s
Lloyd’s has appointed Hayley Spink as head of global operations. According to Lloyd’s, in her new role she will provide…
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Mactavish warns UK firms not grasping full Brexit risk
UK companies must ensure they have done everything possible to protect their business from Brexit or face lawsuits brought by…
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Reputational harm insurance making progress
Buyers can access expanding insurance protection for reputational damage with improvements in loss-of-profit cover and cyber protection...
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Munich Re launches battery cover to help decarbonisation
Munich Re said its new product for insuring battery performance is a “key piece of the puzzle” to decarbonise the…
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Insurance Europe reveals European insurance data
Total premiums in Europe increased by 4.7% to €1,213bn in 2017, with property/casualty growing by 4.4% to €371bn, according to…
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NAIC report details US property/casualty market share
The top ten property/casualty companies in the US have a cumulative market share of 47.79%, according to the US National…
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China’s regulator orders insurers to strengthen supervision of their brokers
The China Banking and Insurance Regulatory Commission (CBIRC) has ordered insurance companies to strengthen supervision of their intermediary partners such…
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MENA insurance markets see growth but face economic and political challenges
The Middle East and North Africa (MENA) insurance markets have seen strong growth during the past decade and remain attractive…
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New Estonian law opens market to insurance mutuals
Estonia has passed a new law that opens its market to mutual and cooperative insurance. The amendment to the Estonian…
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Chubb increases stake in China’s Huatai Insurance Group
Huatai Insurance Group has become the first domestic Chinese financial services holding company to convert to a Sino-foreign equity joint…
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Zurich launches AI supply chain risk service in Europe
Zurich has partnered with AI supply chain risk management firm riskmethods to provide its European commercial customers with new technology-driven…