Insurance
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Cyclone Debbie insured losses expected to peak at $900m
The total insured losses from Cyclone Debbie have reached $897m, with just a minimal amount of claims expected to trickle…
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Insurers welcome new “overdue” Hong Kong regulator
Insurers in Hong Kong have heralded the imminent arrival of the Insurance Authority, which will replace the Office of the…
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Pool Re hire aimed at boosting SME take-up
Pool Re has appointed Howard Cheetham as head of distribution, tasked with increasing the uptake of terrorism insurance around the…
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Ironshore appoints Australia head
Specialty insurer Ironshore International has hired William Lewis as managing director of its Australian operations. A private equity attorney, Mr…
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Everest poaches Engelbrecht from AIG for energy unit
Jeff Engelbrecht has joined Everest Insurance from AIG, as a senior executive within the US energy team. He will be…
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IUA pushing for new trade agreement between the UK and EU
The International Underwriting Association (IUA) is continuing to push strongly for the right for UK-based insurers and reinsurers to accept…
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Shipping sector braced for ‘perfect storm’, warns AGCS report
Despite the number of large ships reporting total losses reaching an all-time low last year, Allianz Global Corporate & Specialty’s…
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Market tries to allay buyers’ fears it won’t be ready for Brexit
A clear majority of UK risk managers are worried that the insurance market is not prepared for Brexit and that…
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Insurers making slow progress on innovation
The insurance industry is failing to keep pace with the changing needs of risk managers as their organisations adapt to…
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TT Club announces robust financial results for 2016
TT Club, the international transport and logistics insurance provider, has announced that it achieved $5.2m surplus for the year ended…
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Large claims still a battle despite Insurance Act
Despite the implementation of the Insurance Act and Airmic’s lobbying efforts, many buyers continue to be disappointed by their insurers…
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Insurance Act engagement falls short: Airmic
The insurance act has failed to increase insurer and policyholder engagement as hoped, with market participants instead relying on legal…
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London ILS initiative will proceed despite political uncertainty: Aubert
The shock result of the UK election and resulting political uncertainty may delay the planned introduction of an insurance-linked securities…
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Better knowledge, expertise and cyber data needed from risk transfer partners
Insurers and brokers must better share information on cyber risk and losses to help companies manage the threat, say UK…
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Farewell to John Hurrell: A decade of positive evolution
John Hurrell steps down as Airmic CEO at this year’s conference in Birmingham, after nine years in charge. We speak…
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Supply chain market evolving, but needs kick start
The supply chain insurance market has made significant strides in recent times and risk managers are being offered broader coverage…
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Africa’s economic future gets global boost
A plan to reshape Africa’s economic future is being hatched in Berlin by some of the world’s top policymakers and…
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Chubb increases terrorism, political violence and war insurance capacity
Chubb has increased its insurance capacity for terrorism, political violence and war risks to $150m/€150m from $100m/€100m. Chubb said the…
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Risk managers hope writing is on wall for annual renewal
Leading insurance managers and Airmic are frustrated by the annual renewal process and have called on insurers to streamline a…
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Hurrell challenges insurance market to use data to remain relevant
The insurance industry must focus on gathering better data and improving risk analysis to offer customers true solutions to complex,…