Insurance
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Fairfax completes Allied World acquisition
Toronto-based Fairfax Financial has completed its acquisition of Allied World Assurance Company Holdings for a reported $4.9bn. Fairfax Financial said…
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Marsh appoints John Doyle as CEO
Marsh has named John Doyle as its new CEO, following the recent departure of Peter Zaffino to AIG. Mr Doyle,…
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Zaffino to receive $15m signing-on fee at AIG
AIG’s new executive vice-president and global chief operating officer, Peter Zaffino, will receive a $23.5m pay package and $15m signing-on…
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AmTrust secures $400m loss development cover with Premia Re
AmTrust Financial Services has announced that it has entered into an agreement for a loss development cover worth $400m with…
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Insurance industry risk managers confident in GDPR compliance: AM Best
Risk managers at insurance companies are reviewing both their own firms’ compliance with the EU General Data Protection Regulation (GDPR)…
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Michel Liès to succeed Tom de Swaan as Zurich chair
Former Swiss Re CEO Michel Liès is set to become the next chairman of Zurich Insurance Group. Mr Liès is…
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Axis to buy Novae for £468m
Axis Capital is buying Lloyd’s insurer Novae for £468m, to create a $2bn London market specialty player. The Bermuda-based reinsurer…
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AIG poaches Marsh CEO Peter Zaffino
AIG has poached Marsh’s CEO Peter Zaffino to become executive vice-president and global chief operating officer. The move is one…
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PRA warns insurers about cyber risk management drill
Insurers have been urged to keep closer tabs on their cyber risk accumulation by the UK insurance supervisor. The Prudential…
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Public consultation of ComFrame in mid-2018, says IAIS
The International Association of Insurance Supervisors (IAIS) has announced plans for a public consultation of ComFrame in mid-2018. ComFrame is…
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Global non-life premium growth driven by China and emerging markets in 2016
Another “exceptional performance” in China, together with solid expansion among the emerging countries, saw global non-life premiums grow 3.7% in…
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South Africa prime for renewable energy investment conditions
South Africa has been ranked tenth among G20 countries for renewable energy investment opportunities. According to the Allianz Climate and…
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Fukushima executives go on trial in Japan
Three former executives at the Fukushima Daiichi nuclear power plant have pleaded not guilty to charges of professional negligence, in…
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Uphill struggle to reform South Korean insurance market, says Axco
The South Korean insurance market is in urgent need of modernisation, but the country’s new President Moon Jae-in will struggle…
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JLT Re poaches credit risk specialist from Guy Carp
Reinsurance broker JLT Re has announced that David Edwards will be joining its credit and political risk team once he…
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Fitch paints positive picture for Indonesia’s insurers
Ratings agency Fitch is forecasting a rise in premium growth for Indonesia’s insurance industry, on the back of a predicted…
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Chubb launches packaged policy for technology companies in the UK and Ireland
A first- and third-party policy designed specifically to cater for the insurance needs of technology developers, producers and distributors operating…
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More changes at the top for AXA’s Asian arm
AXA has announced further changes to its executive team in Asia-Pacific. Jean-Louis Laurent Josi, chief executive officer of AXA Asia…
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Liberty Specialty Markets confirms Luxembourg as EU base
Liberty Specialty Markets (LSM) has confirmed that it intends to headquarter its post-Brexit EU operations in Luxembourg. LSM will be…
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Specialist cyber insurer opens in Singapore
A new insurer has launched in Singapore, hoping to capitalise on the growing insurtech market in the country. Delta Insurance…