Insurance
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Construction market growth solid but risks rapidly evolving
The massive european and global construction market continues to grow and offer corporates and their insurers a rich vein of…
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Lloyd’s Lab launched to develop innovative solutions through technology
Lloyd’s has opened a new platform designed to boost its use of technology and deliver innovative solutions for clients, such…
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SCOR rejects ‘unsolicited’ €8.2bn takeover bid from Covéa
SCOR has rejected an €8.2bn takeover bid from French group Covéa and said the offer has now been withdrawn. However,…
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Large losses impact Africa Re results
Africa Re saw strong half-year growth impacted by large claims and an upward review of reserves following the 2017 catastrophes.…
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Opportunities to grow African insurance market ‘huge’
The opportunities for growth in Africa’s insurance industry are huge despite recent economic and political uncertainty, according to a new…
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Wijnants to join XL Catlin from Zurich as head of Benelux
Alain Wijnants has been appointed Benelux regional manager for XL Catlin’s insurance business. He will join the firm on 1…
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Lloyd’s head of commercial Vandendael to leave for Everest
Lloyd’s chief commercial officer Vincent Vandendael will leave the company to join Everest Insurance as CEO. The move will take…
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Markel to become world’s biggest ILS manager through Nephila acquisition
US-based insurer Markel is set to become the world’s biggest insurance-linked securities (ILS) asset manager after it announced a definitive agreement…
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Zurich and Lloyd’s launch initiatives to deliver innovation for clients
Zurich has launched a global competition to find the best insurtech startups and entrepreneurs, while Lloyd’s has opened a new platform…
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Myanmar to open insurance market to foreign insurers in October
Foreign insurance companies will be allowed to do business in Myanmar from October this year, according to the Myanmar Times.…
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European insurers focusing on profitability over growth
European insurance companies are increasingly concentrating on high margin lines and cost efficiencies, according to AM Best. The ratings agency…
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Reinsurers see M&A as a viable option to maintain relevance
The tough market conditions for global reinsurers are forcing them to review their long-term relevance, according to S&P Global Ratings.…
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Slovakia’s new IPT Act comes into force at start of 2019
Slovakia’s new Insurance Premium Tax (IPT) Act has been signed off and will come into force from 1 January 2019,…
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AM Best places Aspen’s rating under review following $2.6bn takeover agreement
AM Best has put Aspen’s financial strength A-rating under review “with developing implications” as it considers the firm’s planned $2.6bn…
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Vote with your feet on claims and ditch underperforming insurers, say risk managers
Nordic risk managers seem fairly satisfied with the claims service they receive, but say much of this is because they…
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Brazil passes GDPR-style data protection law as regimes mount around the world
Brazil has become the latest country to enact tough data protection laws along the lines of the EU’s General Data…
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Risk managers urged to use improving cyber risk tools to focus on business impact
Risk managers advised to focus on the business impact of cyberattacks by using a growing range of tools at their…
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Insurance associations’ warning on supervision of insurer cybersecurity
The Global Federation of Insurance Associations (GFIA) has warned against the introduction of potentially restrictive measures as part of the…
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Lloyd’s reviewing marine syndicates that could see loss of capacity
Lloyd’s is reviewing several loss-making syndicates offering marine cover, which could see some markets close and reduce options for buyers,…
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S&P affirms ATI rating
African Trade Insurance Agency (ATI) is celebrating maintaining its leading position in Africa, after S&P Global Ratings (S&P) affirmed the…