Insurance
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AGCS opens S Korea office as Asia expansion continues
Allianz Global Corporate & Specialty (AGCS), the corporate and specialty arm of the German insurer, has opened a new office…
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Ferma calls for organisations to set up cyber risk governance group with risk managers at the helm
Ferma and its audit counterparts have called on European organisations to set up internal cyber risk governance groups led by…
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DAC Beachcroft appoints expert insurance consultant to Chile office
International law firm DAC Beachcroft has appointed insurance law expert Edmundo Agramunt as a consultant in its Chilean office. Mr…
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Africans have been urged to work together to reduce health risks
Stakeholders across Africa have been urged to work together to improve health coverage across the continent. The call came at…
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Companies underestimate financial cost of cyber attacks says Lloyd’s
Businesses underestimate the financial impact of cyber attacks by failing to include holistic costs, according to Lloyd’s, as it published…
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Latin American non-life market premium falls in 2016, Mapfre research finds
The non-life insurance market in Latin America declined by 11.3% in 2016, with total premium volume of around $78.7bn, according…
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AF Group launches fronting insurer AF Specialty in US
US insurance provider AF Group has launched AF Specialty, a new brand focused on providing fronting capacity to insurance carriers,…
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Newline launches new affinity and special risks business
Newline Group has set up a new business line focused on UK and international affinity and special risks products. Led…
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Sompo Canopius boosts credit risk unit with another hire
Sompo Canopius has appointed Tim Watson as credit and political risk underwriter, in line with its plan to expand in…
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Bond launched as pandemic solution
The World Bank, through the International Bank for Reconstruction and Development (IBRD) is launching bonds that ultimately will help finance…
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South Korea government warns firms not to pay ransomware demands
The South Korean government has urged companies not to cave in to ransomware demands from cyber criminals after a South…
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Japan sees surge in cyber insurance
Insurers have reported a sharp increase in the adoption of cyber insurance policies among Japanese businesses. Mitsui Sumitomo Insurance said…
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Five insurers quit Philippines market over capital requirements
Five insurers will exit the Philippines’ non-life insurance market by the end of the year because they see new capital…
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New Petya virus holds corporate networks to ransom
Cyber security experts have issued a fix for the widespread global cyber attack, thought to be a variant of the…
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Apple and Cisco target cyber insurance discounts for their corporate users
Businesses using Apple technology should be treated to reduced premiums for their cyber insurance because of its superior security, according…
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Construction safety a top concern for China to address: Parima conference
Basic safety measures are lacking on many Chinese construction sites despite the rising public anger over the Tianjin explosion of…
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Neon announces two underwriting appointments
Neon Underwriting, the Lloyd’s insurer owned by Great American Insurance Group, has strengthened its underwriting management team with the appointment…
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Supply chain issues high on agenda of Chinese risk managers: Parima conference
Risk managers in China have become increasingly aware of the growing risks in their supply chains, thanks to a number…
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Wells Fargo to sell commercial insurance business to USI
Wells Fargo & Co has announced that it is selling its commercial insurance operations to USI Insurance Services, the New…
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China’s involvement in Africa greater than realised
China has a greater involvement in Africa than previously realised, according to a new report from McKinsey, and that is…