Insurance
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Fitch forecasts steady underwriting profit for Japan’s non-life insurers
Japan’s non-life insurers can expect to maintain a modest underwriting profit despite an expected cut in auto insurance premiums, according…
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HDI appoints crisis management chief
Karina Rodriguez Diaz has been recruited by corporate insurer HDI Global to lead its crisis management practice in Australasia. Ms…
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Zurich NA combines specialty products unit with commercial
Zurich North America has announced it is bringing its specialty products business together with its commercial insurance unit. The insurer…
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Salvatore leaves Zurich NA to lead specialty at The Hanover
Bryan Salvatore has been appointed executive vice-president and president of specialty at The Hanover Insurance Group, effective 12 June. In…
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Insurers ‘scratching the surface’ of ERM, says report
Enterprise Risk Management (ERM) will become a reality for insurance companies during the next decade rather than a concept, with…
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Digitalisation could lead to higher risk appetite for BI supply chain covers
Digitalisation could help companies better manage business interruption (BI) risk and thus lead to increased appetite for BI supply chain…
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Allied World sets up UK commercial unit
Allied World Assurance Company has launched a new division to house its UK commercial business. The new unit will be…
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Index-based insurance at point of take-off
Index-based insurance could be at the point of taking off, according to Jonathan Dixon, chair of the International Association of…
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AmTrust announces $300m private placement to bolster balance sheet
AmTrust Financial Services, the US specialty insurance group, has announced that it will issue common equity to raise gross proceeds…
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Boardrooms need young blood, warn insurers
Taking a long-term view is essential for success in Africa, according to leading insurers and reinsurers operating in the market.…
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Stephane Rutili appointed Euler Hermes South Africa country manager
Credit insurer Euler Hermes has appointed Stephane Rutili as country manager for South Africa. He will report to Luca Burrafato,…
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EIOPA to issue guidelines to prevent “race to bottom” on regulation
The European Insurance and Occupational Pensions Authority (EIOPA) is to publish guidelines for national regulators in the EU, to prevent…
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Buyers rally against standalone cyber market
Leading risk managers have urged the insurance market to cover cyber risks in existing policies rather than develop a standalone…
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New independent insurance regulator for Hong Kong
In Hong Kong, the Insurance Authority will replace the Office of the Commissioner of Insurance (OCI) in regulating insurance companies,…
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Survey shows Chinese insurers are well capitalised
The vast majority of Chinese insurers are well capitalised, according to a survey carried out by the Chinese insurance regulator,…
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Credit risk spikes at eastern European businesses
Businesses trading with eastern European suppliers and customers are at an increased risk of payment default, according to Atradius. New…
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IBM develops tools to help clients deal with GDPR
IBM Resilient has developed capabilities to help clients prepare for new data rules under the European Union’s General Data Protection…
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BIBA appoints chair of new cyber risk group
UK broker association BIBA has appointed John Pennick of Berkeley Insurance Group as chair of a new cyber focus group,…
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Ironshore boosts M&A insurance programme capacity to £100m
Ironshore International’s mergers and acquisitions and tax insurance unit has increased its consortium programme capacity to £100m, up from its…
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TMK launches VFX and post-production media insurance
Tokio Marine Kiln (TMK) has launched a hybrid product, VFX and Post-Production Media Insurance, for companies specialising in online or…