Insurance
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Ferma set to publish cyber insurance guide
Ferma has teamed up with insurer federation Insurance Europe to produce a guide on purchasing cyber insurance that intends to…
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Total cost of risk in US falls again despite nat cats and emerging risks – RIMS
The average total cost of risk (TCOR) in the US has fallen for the fourth year in a row, according…
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Willis Towers Watson ready for new acquisitions
Willis Towers Watson is ready to make another acquisition just three years after the merger of Willis and Towers Watson,…
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Sompo expands weather risk offering to real estate and hospitality sectors
Sompo International has launched a new suite of weather-driven risk management products tailored for the real estate and hospitality sectors.
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French insurers book €430m loss from May and June storms
French insurers have logged losses of more than €430m and 214,000 claims from policyholders affected by recent storms and flooding…
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Kenyan economy set to stabilise, says ratings agency
Fitch Ratings has welcomed Kenya's new budget, saying it is consistent with its view that debt as a proportion of…
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‘Fiercely competitive’ MENA insurance markets to outgrow GDP
The Middle East and Northern African (MENA) insurance markets are expected to continue outgrowing the region’s GDP during the next…
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Cambridge University developing corporate risk management tools to tackle undervalued threats
The Centre for Risk Studies at the University of Cambridge Judge Business School believes corporates are undervaluing risks, and is…
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Persistent low-yield environment remains main risk for EU insurance sector
The European Insurance and Occupational Pensions Authority (EIOPA) has warned that the persistent low-yield environment remains the main risk for…
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Marsh acquires US broker Wortham Insurance
Marsh has reached an agreement to acquire US broker Wortham Insurance, which has offices in Austin, Dallas, Fort Worth, Houston…
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Aon launches updated Thai flood model to help protect growing economy
Aon has launched an updated Thailand flood catastrophe model that uses the latest scientific advances in hydrological, hydraulic and statistical…
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Tokio Marine shifts focus back to Asia with $9bn war chest for acquisitions
Fast-expanding Japanese insurer Tokio Marine has a $9bn ‘warchest’ available for overseas purchases targeted mainly at the broader Asia region,…
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Déjà vu as Q2 risks mirror 2012-2013 slowdown: Coface
Risk signals in the second quarter of 2018 are similar to the slowdown of global trade conditions in 2012 to…
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Chubb expands cyber response network
Chubb has expanded its global network of cyber incident response firms, increasing service to cover more than 50 countries in…
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No sign of a hard market despite insurer consolidation: Narim
Dutch risk managers are confident they will not face a broad market hardening this year, despite the merger and acquisition…
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Generali to raise stake in India’s Future Group to 49%, ‘underscoring commitment’ to market
Italian insurer Generali Group has confirmed this week that it has signed an agreement with Indian insurer Future Group, to…
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London market unveils new Brexit clause to deliver contract certainty
The London insurance market has published a new Brexit clause for insurance contracts, to ensure certainty for policyholders and eliminate…
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XL Catlin offers aviation insurance product in Mexico
XL Catlin has launched a new specialty aviation insurance product in Mexico. The new product suite will initially focus on…
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Counter-Terrorism and Border Security Bill: business interruption and the supply chain
The introduction of the Counter-Terrorism and Border Security Bill to the UK’s House of Commons on 6 June will, if…
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1 July confirmed as start date of the Insurance Act in South Africa
On 21 June 2018, Kuben Naidoo, the chief executive officer of South Africa’s Prudential Authority, published a communication which confirms…