Insurance
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IUMI launches Africa focus
The International Union of Marine Insurance (IUMI) has launched a focus on Africa as it holds its annual conference in…
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IUA drafts broad exclusion to tackle silent cyber exposures
The International Underwriting Association (IUA) has drafted a broad clause to address silent cyber risk. The clause can be inserted…
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FM Global rolls out cyber risk review for clients
FM Global is launching a cyber risk assessment for its clients, helping buyers to measure their resilience to cybersecurity threats…
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Insurance will play crucial role in Africa’s success
Insurance will have a vital role to play if Africa is to achieve its potential, delegates heard at the International…
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Insurers urged to innovate to compete with Chinese competition
Marine insurers have been urged to innovate if they want to successfully compete with Chinese entities, as China steps up…
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IUMI plans collection of major claims data
A project to collect hull and cargo claims data and then analyse major losses in terms of loss severity, frequency,…
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China Re to acquire Chaucer Group for $950m
China Reinsurance is set to spend close to a billion dollars acquiring specialty insurer Chaucer from Hanover Insurance. The deal,…
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Allianz leads 16 insurers in sustainability index
Germany’s Allianz has topped a list of 16 P&C insurers featured in the 2018 Dow Jones Sustainability Index. It is…
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Cyberattacks hit German manufacturers for €43bn
Cyberattacks have struck two thirds of German manufacturers, costing them €43bn, according to findings of a survey by IT association…
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No new reinsurance trade barriers but many still exist, says Global Reinsurance Forum
The Global Reinsurance Forum (GRF) is concerned that significant reinsurance trade barriers are still in place worldwide, despite no new…
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AXA completes $15.3bn deal for XL
AXA has completed its acquisition of XL Group for $15.3bn. Fitch has upgraded the ratings of XLIT Ltd – a…
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Structuring an international programme to avoid surprises
International insurance programmes are no longer simply for large multinationals. As the world has got smaller, many medium-sized companies are…
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Geopolitical tensions impacting mining supply chains
Geopolitical tensions impacting on supply chains are increasing volatility in the mining sector, as the industry faces a fairly bleak…
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Engineering insurance rates unsustainable warns association
Engineering insurance rates are unsustainable following years of soft market conditions and could see carriers exit the market to the…
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WTW appoints head of corporate risk for Asia
Global broker Willis Towers Watson (WTW) has promoted Scott James Burnett to head of its corporate risk and broking (CRB)…
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UK’s cyber agency challenges boards to get more technical
The UK’s cybercrime agency has directed five questions at company boards to help them defend organisations against cyber risk ahead…
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The Carlyle Group becomes majority shareholder in Sedgwick for $6.7bn
Private equity firm The Carlyle Group has bought KKR’s majority share in Sedgwick for $6.7bn. The risk, benefits and claims…
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Construction market soft but recent heavy losses could spark change
Brokers and insurers speaking at CRE’s latest event agreed that the construction market remains extremely soft with no immediate signs…
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Insurer results and specialty focus good news for corporate risk managers, for now…
The latest set of half-year insurer results strongly support the notion that the market believes the cycle is dead and…
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H1 nat cat and disaster losses almost half the ten-year average
Insured nat cat and disaster losses during the first half of 2018 were almost half the ten-year average, making any…