Insurance
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Iran sanctions: it’s still uncertain what will happen, but here’s what could happen
On 12 January this year, US President Trump announced his intention to not renew US sanctions waivers that underpin US…
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Lloyd’s CFO John Parry to quit for new challenge
Lloyd's is on the lookout for a new chief financial officer following John Parry’s decision to leave the corporation after…
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The implications of GDPR for captives
The EU General Data Protection Regulation (GDPR) comes into force on 25 May 2018 and will harmonise data protection rules…
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No broad-based market turn, says Arch’s Grandisson
Market conditions for global insurers are only improving slightly, according to Arch Capital’s new CEO Marc Grandisson. Speaking to analysts…
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Insurers face growing talent gap, warn industry leaders
The insurance sector must act to correct a “worrying employment gap” as it struggles to attract top talent, according to…
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Industrial firms must do more to reduce BI risk and claims: HDI
HDI Global has published new guidance to help engineering companies develop business continuity management (BCM) and prevent business interruption claims,…
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Japan set to back Asean parametric disaster insurance fund
The Japanese government is set to fund the launch of a parametric disaster insurance pool designed to provide Asean nations…
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RMS launches new HD model for Japanese earthquakes
Risk modelling firm RMS has released its new Japan Earthquake and Tsunami High Definition (HD) model. According to RMS, the…
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TMK partners with Australian insurtech firm
Corporate and specialist insurer Tokio Marine Kiln (TMK) has entered into a strategic alliance with Australia-based insurtech firm Evari, which…
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CNA CEO Robusto trumpets 2% Q1 rate increase
CNA CEO Dino Robusto said his underwriters achieved an overall rate increase of 2% in the first quarter of 2018,…
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Sompo International gets S&P rating upgrade with ‘strong’ ERM
Sompo International Holdings, the Bermuda-based specialty insurer, announced today that Standard & Poor’s Global Ratings (S&P) raised the financial strength…
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Equifax data breach cost reaches $243m with insurers covering $60m
Credit reference agency Equifax has revealed that last year’s data breach, which is thought to have compromised the data of…
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Swiss Re shifts P&C operations to South Africa
Swiss Re has been given a licence to operate property and casualty (P&C) business in South Africa. It said the…
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UK nerve agent attack exposes insurance gap that needs rethink: Pool Re
The recent nerve agent attack in UK city Salisbury, which hospitalised three victims and closed parts of its shopping district…
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Mapfre global risks premium income wilts at Q1
Revenues fell 7.6% at Mapfre to €7.3bn at the Q1 stage, on the back of premiums worth €6.2bn, down 7.2%.…
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JLT restructures for specialty lines growth in 2018
Most classes of reinsurance and specialty lines saw a moderation or end to price reductions at the recent renewals, according…
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Comoros-based (re)insurer appoints pair of new NEDs
Sir Bernard Zissman and Tim Eppel have been formally welcomed onto the board of Klapton as non-executive directors. The board…
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Insurer urges risk managers to act ahead of Grenfell fire safety report
Risk managers should consider reviewing fire strategies ahead of expected changes to UK fire safety regulations following last year’s Grenfell…
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Managing the risks associated with workplace sexual harassment and misconduct around the world
Sexual abuse, harassment and misconduct continue to place higher up the political and social agenda globally, following a raft of…
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UK P&I Club tackles maritime risk with new technology
UK P&I Club is set to provide cutting-edge, data-driven technology for maritime and port threats that it says will help…