Insurance
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MAXIS Global Benefits Network adds Axa Italy to network
Axa Italy has become the latest member of MAXIS Global Benefits Network (GBN), the international employee benefits network co-founded by…
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Swiss international healthcare plan from Allianz Worldwide Care
Allianz Worldwide Care has launched a range of expat health insurance plans for groups and individuals in Switzerland, in partnership…
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Fire safety federation calls for new UK national agency post-Grenfell
The head of the UK’s Fire Sector Federation has called for a new National Fire Safety Agency to address fire…
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Four in ten UK brokers unaware of GDPR: survey
A survey of 250 UK insurance brokers has revealed that 39% are unaware of the EU’s General Data Protection Regulation…
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Cyber losses dwarf premium income as business takes the hit, says ex-FBI man
The gap between cyber premium income and cyber losses is widening and requires a “team effort” to redress the balance…
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Ethiopia bids to boost exports and control spiralling inflation
Risk managers are being warned of increasingly difficult business conditions in Ethiopia – home to one of Africa’s largest populations.…
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RIMS report outlines terrorism risk insurance options
A new report on terrorism insurance has been published by RIMS, entitled Terrorism Insurance: Understanding the Boundaries of Coverage for…
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Insurers pushing boundaries of insurance, finds Swiss Re study
The insurance industry is expanding the scope of insurance through innovation and extending cover to an increasing volume of intangible…
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Hurricane flood losses may exhaust US’ NFIP funds
The argument for greater private sector participation in US flood risk is gaining momentum as the US federal flood insurer…
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Brokerslink launches cyber risk management and insurance facility PoCydon
Switzerland-based global broking company Brokerslink and specialist cyber risk Lloyd’s broker Safeonline have launched a new cyber risk management and…
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UN issues disaster risk warning for Asia-Pacific
The risk of natural catastrophe in Asia-Pacific is outpacing resilience and could push those in the most disaster-prone areas into…
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Zurich hires new commercial underwriting chief for Singapore
Global insurer Zurich has appointed Anish Jadav as its new chief underwriting officer for its commercial insurance business in Singapore.…
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AIG estimates up to $3.1bn in Q3 cat losses
AIG has announced that its pre-tax losses from third-quarter catastrophes will range between $2.9bn and $3.1bn, net of reinsurance. Of…
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Bermuda’s insurance industry foots 25% of hurricane bill
Bermuda’s insurers and reinsurers are expected to pay for at least 25% of total insured losses, currently estimated at $100bn,…
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Dive In festival widens global reach
The insurance industry’s festival for diversity and inclusion – Dive In – attracted record numbers of attendees, with 7,000 people…
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Beazley steps up European expansion plan through new Dublin base
Beazley, the Lloyd’s-based international specialty insurance and reinsurance group, has underwritten the first policy through its new Dublin-based insurance company…
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NAIC calls for re-evaluation of Financial Stability Board’s G-SII process
The US National Association of Insurance Commissioners (NAIC) has said the decision to de-designate AIG as a Systemically Important Financial…
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EIOPA calls for stronger mandate to intervene
An even stronger European regulatory approach is needed as far as cross-border activities are concerned, and the European Insurance and…
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Scor estimates €430m cat costs amid $95bn market loss
The trio of hurricanes to hit the US and the Caribbean – Harvey, Irma and Maria – combined with the…
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Continental Reinsurance appoints Souvik Banerjea to lead in Nairobi
Souvik Banerjea, formerly of Africa Trade Insurance, has joined Continental Reinsurance Kenya as managing director for the Nairobi subsidiary. Mr…