Insurance
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Liberty Specialty Markets integrates Ironshore Bermuda operations under new brand
Liberty Mutual is integrating its Ironshore Bermuda businesses into a single brand and unit called Liberty Specialty Markets Bermuda, in…
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AIR estimates Californian wildfire losses of up to $13bn
AIR estimates insured losses of between $6bn and $9bn for the Camp Fire in northern California, taking its total loss…
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New tax for environmental policies in Spain
Spain is introducing a new tax for environmental policies, according to insurance premium tax specialists Impendulo. The new tax, representing…
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Teething problems in European cyber market as claims fall short of buyer expectations
The European cyber insurance market is improving but client expectations are not always met, according to a panel of cyber…
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Unclear if slowdown in life expectancy rise a trend or blip: Swiss Re
A recent slowdown in life expectancy improvements could be the start of a new trend that will affect assumptions made…
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Jacqueline Legrand resigns as Brokerslink CEO
Brokerslink CEO Jacqueline Legrand has resigned with immediate effect...
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AIG appoints ex MetLife Japan boss as new Asia-Pacific CEO
US insurer AIG has appointed Sachin Shah as the chief executive of its Asia-Pacific general insurance business. Mr Shah, who…
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AIG faces $800m Q4 cat bill
AIG currently expects fourth-quarter pre-tax cat losses of between $750m and $800m, but said its general insurance business will enter…
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Environmental claims spread to new industries: AIG
A growing range of industries reported environmental impairment liability (EIL) claims in Europe last year, according to data from AIG...
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Data and digital innovation to transform global employee benefits, says MAXIS GBN
Major digital and data developments in the global employee benefits industry will deliver tangible cost savings and improve engagement, according…
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AM Best registers new Amsterdam subsidiary ahead of Brexit
AM Best has established a new subsidiary in the Netherlands that will allow it to continue rating companies in the…
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Lloyd’s launches next search for global insurtech talent
Lloyd’s has launched a second talent search for global insurtech innovators and entrepreneurs to bring technology-driven change to the market.…
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Court approves CNA Hardy’s policy transfer to Luxembourg subsidiary
CNA Hardy has received legal approval to transfer a book of policies written for European commercial clients from its UK…
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Lyons replaces former CRO Sankaran as AIG CFO
AIG has promoted Mark Lyons to replace its chief financial officer (CFO) and former chief risk officer (CRO) Sid Sankaran...
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Chubb launches multinational terrorism risk evaluation service
A new terrorism risk evaluation service aimed at multinational companies and large middle-market businesses has been launched by Chubb. The…
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GDP at risk from cyberattack in largest cities rises 9% in one year
The amount of GDP at risk from cyberattack in the world’s largest cities has risen nearly 9% during the past…
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Insurers give Q4 wildfire losses as AIR predicts Woolsey claims over $2.5bn
Chubb expects Californian wildfire losses to cost $225m pre-tax in Q4, with AIG on the hook for up to $175m. The…
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Climate change poses new level of risk to all corporates and directors: Clyde & Co
All corporates and directors are vulnerable to climate change risks in some way, with threats not limited to the energy…
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Tax relief promised for Zimbabwe insurers
Zimbabwe’s insurance industry has welcomed a decision to end a 2% transaction tax on insurance deals. The Zimbabwe finance minister…
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New 2% levy on motor insurance policies in Ireland
Ireland has brought in the Insurance (Amendment) Act 2018, which will bring in a new motor insurance compensation fund and…