Insurance
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Hartford to buy Navigators for $2.1bn to extend global reach and specialty expertise
US insurer Hartford is set to buy rival Navigator for $2.1bn...
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UK’s proposed Brexit solution for financial services won’t work for brokers, warns LIIBA
The London and International Insurance Brokers’ Association (LIIBA) is concerned that proposals put forward by the UK Government this week…
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XL Catlin hires new head of global risk management insurance North America division
Chris Kopser has been appointed to lead XL Catlin’s global risk management insurance North America division. He will assume his…
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Chubb launches major accounts division for Asia-Pacific
Chubb has announced the creation of a major accounts division in the Asia-Pacific region. The insurer describes the new operation…
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Insured losses for flooding in western Japan could hit $4bn after record rainfall
Catastrophe modeling firm AIR Worldwide estimates that industry insured losses from the flooding in western Japan caused by excessive rainfall…
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Indian insurers braced for big claims from Kerala floods
Indo-Asian News Service (IANS) has reported that insurance experts in India expect a spike in premiums charged by reinsurers for…
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Former Anbang chairman’s appeal rejected by Shanghai court
The Shanghai High People’s Court has rejected an appeal by Anbang Insurance Group former chairman Wu Xiaohui, against a conviction…
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Thabo Twalo named as new chief underwriting officer for Munich Re of Africa
Thabo Twalo has been promoted as the new chief underwriting officer (non-life) at Munich Reinsurance Company of Africa Limited (MRoA),…
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Wallin to step down as Hannover Re CEO with Swiss Re’s Henchoz as replacement
Ulrich Wallin will step down as CEO of Hannover Re next year...
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Genoa bridge collapse to cost insurers up to €600m
Last week’s Genoa bridge collapse will cost the insurance industry between €400m and €600m, according to analysts at JP Morgan. The…
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Swiss Re insured company operating collapsed Italian bridge
Swiss Re Corporate Solutions is one of the main insurers of Italian firm Autostrade per l’Italia, which operated the bridge…
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Nigeria using technology to enable financial inclusion
Risk managers in Nigeria say new technologies are already altering the traditional way of doing business in the country. Change…
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Nigerian insurance industry not where it should be
The Nigerian public needs a good reason to buy insurance – something people are not yet seeing, warned experts at…
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Robust capitalisation is ‘rock of stability’ for reinsurers, says S&P
Global reinsurers’ robust capitalisation has provided a rock of stability in an otherwise tumultuous environment, according to S&P Global Ratings.…
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AXA committed to renewed growth across Asia in all lines: Buberl
AXA’s new management team under CEO Thomas Buberl has “high hopes” for its continued expansion in Asia under the leadership…
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South Korean insurers to bolster capital in response to regulatory reforms: Fitch
South Korean non-life insurers will increasingly rely on issuing hybrid securities, subordinated debt or fresh equity to reinforce capital adequacy,…
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Business booming in east Africa, says Hapag-Lloyd
Hapag-Lloyd is to continue its focus on the growing market in east Africa, with a new weekly service along the…
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H1 $20bn insured disaster losses almost half the ten-year average, finds Swiss Re
First-half nat cat and man-made disaster losses of $20bn were well down on the $35bn ten-year average, according to preliminary…
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The benefits of international programme training
For insurance products and classes of business, there is no shortage of training and education programmes available to brokers and…
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NotPetya did not trigger cyber war exclusions, concludes Marsh
The NotPetya cyberattack did not meet criteria for ‘warlike’ activity and therefore should not have triggered the war exclusion in…