Insurance
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Insureds’ direct access to capital market will continue to rise, says expert
Corporate risk is increasingly being transferred directly to the capital markets, with the trend set to accelerate and deliver yet…
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Tokio Marine HCC appoints Chubb’s Reuter to head up surety growth in Europe
Tokio Marine HCC has appointed Luc Reuter as head of surety for continental Europe, as part of the company’s plans…
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Insurance regulation in Africa: CIMA – the benefits and challenges
Understanding changing insurance markets and regulatory developments is critical to making sure multinational programmes are compliant and competitive, no matter…
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Mapfre restructures global risks business
Mapfre has reorganised its global risks business, designed to increase the capacity for large commercial risks. The insurer said Mapfre…
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JLT report sees 2018 as pivotal year for aviation insurance market
The aviation insurance market has seen premium rates flat or increasing a little, with underwriters determined to keep rates from…
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Haley extends CEO term at Willis until 2021
John Haley will stay on as CEO of Willis Towers Watson until 1 January 2012, after an extension to his…
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Nigeria’s Ensure to target retail business after Allianz deal
Nigeria’s Ensure Insurance plans to focus on retail business to achieve its corporate objective of sustainable growth and leadership in…
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Willis Towers Watson sets up French fac hub
Willis Towers Watson has established a dedicated team of three facultative reinsurance specialists in France. Operating under the Gras Savoye…
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Chubb appoints new head of high net worth in Europe
Chubb has appointed Annmarie Camp to lead its high-net-worth personal insurance business in Europe. Ms Camp, executive vice-president of personal…
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New solvency framework to drive consolidation in Saudi Arabian insurance market
Saudi Arabia's new solvency framework, introduced in 2018, will drive consolidation among the country's smaller insurance companies as minimum capital…
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FERMA secures buyer representation in EIOPA stakeholder group
FERMA CEO Typhaine Beaupérin has been granted a term as member of the European Insurance and Occupational Pensions Authority’s (EIOPA)…
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Threat of more lone-wolf terror attacks added to RMS models
An updated terror model has been developed by RMS to include new and increasing threats, such as lone-wolf terrorist attacks.…
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CII appoints new president to succeed Inga Beale
SCOR’s Jonathan Clark has been elected president of the Chartered Insurance Institute (CII) for 2018/19 at its AGM this week…
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EIOPA report sets out primary causes of insurance failures
The primary causes of failures and near misses for EU non-life insurers are under-reserving and holding insufficient technical provisions, as…
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AIG completes Validus acquisition
AIG has completed the deal to buy Bermudian firm Validus Holdings for $5.56bn...
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Last year second safest for shipping in decade as long-term losses fall by third
Last year saw the second-fewest large ships lost at sea in the past decade, which contributed to overall losses falling…
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UK MPs warn cladding ban proposals ‘not enough’
UK MPs say government plans to ban combustible cladding on certain buildings following the Grenfell Tower fire do not go…
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Allianz completes Nigeria acquisition
Allianz Group has completed its acquisition of 99.03% of the shares in Nigerian insurer Ensure Insurance from its core shareholder…
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Insurers need to ‘rethink’ sharing economy transfer options, says Lloyd’s
Insurers may need to go back to the drawing board to cover new risks arising from the sharing economy that…
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THM names new head of European business
Specialist insurance and reinsurance broker THB has named Ricardo Borges as managing director of its European division in Amsterdam, following…