Insurance
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Grahame Chilton steps down as CEO of Gallagher’s UK business
Grahame Chilton is to step down from his role as CEO of Arthur J Gallagher’s UK brokerage and underwriting business.…
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Credit Suisse returns to capital markets to top up operational risk bond
An insurance-linked securities (ILS) deal worth CHF146m ($148m) has been put in place to cover operational risks for investment bank…
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UK trade credit claims hit record Q1 high on back of Carillion fallout: ABI
The UK has seen its highest level of trade credit insurance claims since 2009 with the £54m paid out in…
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Study reveals resurgence of Europe’s mutual and cooperative insurance sector
Europe’s mutual and cooperative insurers have seen a resurgence in business in recent years, according to a study jointly published…
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Chinese group in offer to acquire National Bank of Greece’s insurance subsidiary
The National Bank of Greece has received one binding offer from Shanghai-based investment company Gongbao for a majority stake in…
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US commercial insurance pricing sees modest increase in first quarter
There was a modest increase in commercial insurance prices in the US in the first quarter of 2018, according to…
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Geographic expansion offers both risk and rewards – Best
According to a new AM Best report, an insurer’s decision to expand into new states can have impacts on both…
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Online gaming company’s insurer pays out for record €90m win
An insurance subsidiary of online gaming company Lottoland has paid out to cover a jackpot win of €90m. Gibraltar-based Fortuna…
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African initiatives in parametric insurance for agriculture
Parametric or index-based insurance can play a significant role in closing the insurance protection gap – the gap between insured…
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XL Catlin looks to plug motor terror gap
XL Catlin has launched a global terrorism product for commercial motor fleet operators, helping plug a gap that currently exists…
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Loss ratios rising in engineering and construction market, reports Swiss Re
Underwriting performance in the engineering and construction insurance sector has deteriorated in recent times with loss ratios and claims rising…
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Construction market shows tentative signs of rebalance as capacity exits
There are tentative signs of a hardening, or at least flattening, in the huge European and global construction insurance market…
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XL adds cyber cover to UK liability offering
XL Catlin is offering a coverage extension to its UK general liability product that provides cyber insurance for mid-sized and…
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The insurer’s perspective
Richard Taylor is managing director of European Risk Frontiers sponsor HDI Global’s UK branch. He tackled the big questions posed…
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France to win World Cup based on insurable value, predicts Lloyd’s
Research from Lloyd’s predicts that France will win the 2018 Fifa World Cup, based on the insurable value of its…
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Dixons Carphone breach could be first significant test of GDPR rules
UK telecommunications retailer Dixons Carphone has reported the first significant data breach since the introduction of the General Data Protection…
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Supply chain risks spike 30% last year in vulnerable auto sector: JLT
Manufacturers in the auto industry need to focus on supply chain risks posed by tier-two and tier-three suppliers because, together,…
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Technology should see insurers share more data, say industry leaders
Insurers are looking to harness disruptive technology to better share data, despite the distraction of Brexit, according to insurance leaders.…
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Gallagher takes majority stake in Swiss broker Hesse
Gallagher has acquired a 65% stake in Swiss commercial broker Hesse & Partner AG and Hesse Consulting. Based in Zurich,…
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JLT appoints new partner to M&A unit
JLT Specialty has appointed Hayley Tennant as partner in its mergers and acquisitions (M&A) insurance practice. Ms Tennant joins JLT…