Insurance
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Merger lawsuits in US labelled ‘highway robbery’ as insurance claims soar
Lawsuits objecting to corporate mergers in the US are “highway robbery”, with the cost of claims against insurance policies for…
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AXA and XL lay out further plans for combined P&C operation
AXA and XL’s joint large P&C commercial lines and specialty unit – comprising XL Group operations, AXA Corporate Solutions and…
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Large UK corporates ‘complacent’ over crisis cover: Gallagher
Gallagher warns that large UK businesses are showing signs of “complacency” over crisis insurance...
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Lloyd’s launches digital platform to help coverholders around world access market
Lloyd’s has launched a new digital distribution platform to help local insurance businesses writing policies on behalf of the market…
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Aon report reveals US cyber market growing and profitable in 2017
The US cyber insurance market continued to grow in 2017, with 170 US insurers reporting writing cyber insurance, compared to…
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Insurers increasingly use reinsurance for earnings protection and volatility reduction
Risk appetite is increasingly central to insurers’ business decisions, according to Willis Towers Watson’s latest survey. The Global Reinsurance and…
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Marsh appoints global head of cyber risk consulting
Kevin Richards has been appointed to the newly created role of global head of cyber risk consulting at Marsh. He…
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SCOR consolidates London operations and maintains push for ‘client-centricity’
Laurent Rousseau, recently appointed deputy-CEO of SCOR Global P&C, has made the next significant step in the French reinsurance group’s…
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Aon, Chubb and Lloyd’s team up for $500m global terrorism policy
Aon, Chubb and Lloyd’s have collaborated to bring a new terrorism and political violence insurance product to multinational buyers. The…
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Ironshore’s European business moves to sister company Liberty Specialty Markets
Liberty Specialty Markets (LSM) will acquire the European insurance business of Ironshore Europe following a renewal rights agreement between the…
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Fairfax enters Indian reinsurance market as locals struggle under new rules
The rising interest shown in the growing Indian insurance market by the international reinsurance market continues to gain momentum, as…
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Chief underwriting officer appointed by RSA’s Commercial Risk Solutions
RSA has appointed Mandy Hunt as chief underwriting officer for Commercial Risk Solutions (CRS), RSA UK & International. This follows…
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ATI pays out to shareholders following record-breaking year
The African Trade Insurance Agency (ATI) has approved its first ever payments to shareholders. The announcement follows ATI’s annual general…
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New head of global FINEX for Willis Towers Watson
Jeremy Wall has been appointed as head of global FINEX at Willis Towers Watson. Mr Wall has been a key…
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New director of business operations for Brokerslink
Brokerslink AG has appointed Anne Collette as director of business operations “to spearhead the continuing development of its global broking…
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ACORD publishes first cyber data breach standard to improve cover options
Global insurance standards body ACORD has published a new standard for cyber data breach after developing the wording with Aon…
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CNA Hardy appoints Buege to head new specialty unit
Commercial insurer CNA Hardy has appointed Rhonda Buege to head up a new unit that will focus on specialty business…
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Lockton sees 9.9% increase in revenue growth for fiscal year 2018
Lockton has reported record revenue of $1.57bn for fiscal year 2018, a 9.9% increase over 2017. The broker said it…
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Non-life premiums slow in 2017, but growth still driven by emerging markets
Global non-life premium growth has slowed, with an increase of 2.8% in 2017 to $2.23trn, compared to growth of 3.7%…
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Into Africa: how risk managers can use global programmes as part of their strategy in this fast-changing area
There has been an uptick in protectionism in the insurance markets of many African countries, with regulators imposing measures such…