Insurance
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Moroccan insurers taking next step towards risk-based solvency
Moroccan insurers are likely to gradually reduce their equity exposure and hold more government bonds in their investment portfolios when…
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Cat losses lead to $23.5bn underwriting loss for US P&C industry in 2017
A doubling of catastrophe-related insured losses in 2017 resulted in a net underwriting loss of $23.5bn for the US property…
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Regulator shuts down five Philippine insurers
Risk managers in the Philippines may find there are fewer insurers able to take their business after five non-life insurers…
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Marsh becomes first broker to sign up to blockchain consortium
Global broker has become the newest member of the Enterprise Ethereum Alliance (EEA), one the largest open-source blockchain initiatives at…
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AGCS launches entertainment insurance in Asia
Allianz Global Corporate and Speciality (AGCS) is expanding its entertainment insurance coverage to Asia, with launches planned in Singapore, Hong…
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New president at AIG Korea
The new president and chief executive of AIG Korea, Douglas Min, has assumed office according to a report in the…
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CEO severance package change at Aspen fuels takeover talk
Shares in Bermuda (re)insurance group Aspen surged this week following news that severance payments made to senior executives in the…
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XL Catlin develops Brexit policy clause
Policies written by XL Catlin’s London market operations will be backed up by its new Dublin-based European company, as the…
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ISO cyber cover initiative rolled out to US states
The majority of US states and territories have implemented a new cyber insurance programme developed by Verisk’s ISO, designed to…
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Uncertainty to prevail despite transition deal
The EU and UK are on course to agree a transitional Brexit arrangement later this week, but business uncertainty is…
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Nat cats put a dent in Talanx’s industrial lines business result
Despite what it called “an exceptionally severe burden caused by natural catastrophes in the 2017 financial year”, Germany’s Talanx group…
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India’s GIC Re to open Lloyd’s syndicate in April
India’s state-owned reinsurer, GIC Re, has announced that it will begin operations as a Lloyd’s of London syndicate in April…
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Arch names new CEO, inks deal with Freddie Mac
Bermuda’s Arch Capital Group has confirmed that Marc Grandisson has been promoted to the position of president and CEO of…
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Fire prevention on container ships will be focus at IUMI as Maersk Homan loss likely to break records
Fire prevention on container ships is likely to dominate proceedings at the International Union of Marine Insurers (IUMI) spring meeting…
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Continental Re premium up 32%
Nigeria-based reinsurer Continental Re has seen gross premium rise 32% in 2017. The reinsurer said the consolidated gross premium for…
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International insurers get closer to French buyers
A number of international insurers have been looking to bring their expertise and products to commercial insurance buyers in France,…
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Effective network management is key to successful global programmes
Risk managers require many things from their insurer when it comes to serving their global insurance programmes. To begin with,…
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Aviation sector looks to address cyber risks
London market insurers have published a model exclusion, in a bid to clarify cyber cover for aviation policies. At the…
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PwC survey of insurance CEOs reveals optimism but concern about technological change
Insurance CEOs around the world are bullish about their organisations’ revenue prospects in the next three years, but are concerned…
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Climate change risks outweigh opportunities for P&C (re)insurers, says Moody’s
The property and casualty (P&C) insurance and reinsurance sectors face significant challenges from climate change, according to Moody's Investors Service,…