Insurance
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Ansvar launches two new charity products for Acturis
Two new charity products have been developed by Ansvar Insurance specifically for the Acturis broker platform. The niche not-for-profit sector…
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Ironshore Singapore offers legal expenses cover for local corporates
The Singapore branch of Australian-based insurer Ironshore has introduced a new specialty, professional lines product offering after-the-event legal expenses to…
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JLT and Munich Re partner for Philippines parametric product
Global reinsurer Munich Re has teamed up with broker JLT Philippines to jointly develop a parametric insurance product for extreme…
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Britam increases income but profits fall
Kenyan insurer Britam Holdings has reported that its total comprehensive income for the first six months of the year has…
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Zambia outlook stable on improving growth prospects
S&P Global Ratings has revised its outlook on the B long-term foreign and local currency sovereign ratings on Zambia to…
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SCOR opens representative office in Kenya
Scor Global P&C is opening a representative office in Nairobi after winning approval from the Insurance Regulatory Authority of Kenya…
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Growing African insurance markets remains a challenge
Managing customers’ needs and gaining their respect are the biggest challenge for insurers across Africa, according to the results of…
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Environment becoming more complex for African insurers
The operating environment for insurers across Africa is becoming increasingly complex, according to the chairman of the Organisation of Eastern…
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Alexander Forbes changes name in Kenya
Broker Alexander Forbes in Kenya has changed its name and brand in the new entity with effect from 14 August…
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China, Macau and Hong Kong battered by Typhoon Hato
Parts of southern China, Hong Kong and Macau are counting the cost of typhoon Hato, the most severe storm to…
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New board member for IISA
Vivienne Pearson has been appointed to the board of the Insurance Institute of South Africa (IISA). Ms Pearson has been…
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Initial hurricane Harvey loss estimates up to $20bn
Hurricane Harvey, which made landfall in Texas on Friday and is still causing heavy rains and flooding in the southern…
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RIMS members continue standalone cyber trend
The number of RIMS members buying standalone cyber cover has risen again, according to the 2017 RIMS Cyber Survey. With…
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Fairfax and Mitsui Sumitomo in global strategic alliance
Mitsui Sumitomo Insurance and Fairfax Financial Holdings have entered into a global strategic alliance, which includes the acquisition by Mitsui…
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PICC in Southeast Asian acquisition talks
The People’s Insurance Company (Group) of China (PICC Group) is looking at a number of acquisitions in Southeast Asia, according…
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Tokio Marine sets up representative office in Cambodia
Tokio Marine & Nichido Fire Insurance Co, a subsidiary of Tokio Marine Holdings, has established a representative office in Phnom…
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Ironshore forms cyber response unit for all in-force policies
Ironshore has put together a Computer Emergency Response Team (CERT) to manage cyber claims across all product lines. CERT-Ironshore is…
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AGCS broadens terror policy coverage with bespoke extensions
Following recent terrorist events in Europe and Virginia, Allianz Global Corporate & Specialty (AGCS) has started offering bespoke coverage to…
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Collective actions on the rise in Germany and Europe – Dieselgate as game changer?
For many years, the pros and cons of collective redress have been intensively discussed in Germany and Europe, with the…
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AXIS ups bid for Novae in a ‘full and final offer’ of £477.6m
Bermudian insurer and reinsurer AXIS Capital has increased its cash offer for Lloyd’s insurer Novae Group to 715p per share…