Insurance
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Asia Pacific continues to lead shipping losses but trend is positive: AGCS
The south China, Indochina, Indonesia and Philippines region continues to lead the world shipping losses table, according to the Allianz…
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Hannover Re focuses on ‘careful growth’ and sensible reserving as soft market continues
Commercial Risk Europe’s Adrian Ladbury interviews Ulrich Wallin, CEO of Hannover Re, to discuss the broad range of issues currently…
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World Bank unveils catastrophe risk financing project for Myanmar
The World Bank has revealed a new project in Myanmar that aims to strengthen the country’s capacity to respond to…
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EIOPA publishes Financial Stability Report on EU insurance sector
The insurance sector has continued to adjust to the new Solvency II regime, but is adequately capitalised and overall the…
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IGI adds legal expenses insurance to growing specialty portfolio
International General Insurance (IGI), the Dubai-based specialist commercial insurer and reinsurer, has entered the commercial legal expenses insurance market with…
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Exchange rate fluctuations hit Africa Re results
Africa Re saw a slight decline in gross written premium (GWP) for the year ending 31 December 2016, compared to…
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Axis hires data scientist for product development role
Axis Insurance has hired a leading data scientist to help it develop next generation specialty insurance products. As vice-president, data…
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Ed launches professional and executive risks business with five senior hires
Ed, the wholesale and specialty broker, has beefed up its professional and executive risks business with the addition of five…
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Mapfre acquires majority share in Indonesian insurer
European insurer Mapfre has acquired a 51% share in Indonesia-based insurer PT Asuransi Bina Dana Arta Tbk (ABDA), thereby triggering…
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Takata prepares for bankruptcy after product recall woes
Japanese airbag manufacturer Takata is expected to file for bankruptcy later this month after suffering one of the biggest product…
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Producer joins Miller’s sports and entertainment team
Jim Rainford has joined Miller in a business production role, boosting the London wholesale broker’s sports and entertainment offering. Mr…
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EPIC Insurance acquires product warranty analytics firm
EPIC Insurance Brokers and Consultants, the Californian P&C broker and employee benefits consultant, has acquired After Inc, a product warranty…
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Houston International A&H CEO makes unexpected departure
Specialty insurer Houston International Insurance Group (HIIG) has announced that Matthew Naylor will be leaving the Houston-based company effective immediately,…
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Parametric insurance: closing the protection gap in Africa
Unlike traditional indemnity insurance, parametric insurance does not cover ‘full loss’. Instead, it pays out benefits based on a predetermined…
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Blockchain technology creates first multinational insurance ‘smart contract’
The first so-called ‘smart contract’-based multinational insurance policy using blockchain technology has been successfully piloted by AIG, IBM and Standard…
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Novae appoints marine trades underwriting manager
Novae, the specialist listed Lloyd’s insurer, has announced that Sarah Cracroft has joined its marine team as marine trades underwriting…
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Travelers rolls out online management liability package
An online system that enables UK brokers to receive management liability quotes and bind coverage for their clients in minutes…
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Unison and Steadfast unveil new broker network partnership
Australian Steadfast Group has taken a stake in German-based broker unisonBrokers AG as part of a strategic partnership agreement between…
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Chubb opens new UK regional office
Chubb has opened a new UK office in Reading, as part of its investment in building a regional presence to…
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Marsh president: ‘Age of the Client’ or ‘Age of Risk or Disruption’?
The current environment is the ‘Age of the Client’ according to the president of Marsh, John Doyle. Speaking at the…