Insurance
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False sense of security over cyber risk following GDPR delays
Delay in the adoption and implementation of the EU’s General Data Protection Regulation (GDPR) means some risk managers have potentially…
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Hudson Structured and MultiStrat complete workers’ compensation LPT
Investment manager Hudson Structured Capital Management has invested $20.1m in preferred shares in a reinsurance vehicle that will assume $35.3m…
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UK firms lack cyber-savvy workforce to protect against security threats: Willis survey
The majority of UK businesses feel they are protected from cyber attacks but there is a worrying lack of awareness…
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MarketScout sells workers’ comp unit to fund insurtech expansion
MarketScout, the Dallas, Texas-based insurance exchange and managing general agent (MGA), has sold its workers’ compensation MGA to Specialty Program…
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New South Wales Emergency Services Levy to remain
The New South Wales Emergency Services Levy (ESL) is to remain in place until further notice, according to Fiscal Reps.…
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Juventus stadium to be rebranded as ‘Allianz Stadium’
Juventus’s football stadium is to be rebranded as ‘Allianz Stadium’ from 1 July 2017 to 30 June 2023, spanning six…
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Mining sector climbing back to profit
The world’s giant mining houses are reversing their race to the bottom, according to PwC’s Mine 2017 report. The report…
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India’s nuclear insurance pool attracts international interest
A nuclear insurance pool set up in 2015 by the Indian government to provide liability coverage for nuclear power plants…
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Terror attacks in France and Australia following London atrocity
Following the weekend’s terrorist attack in London, further suspected terrorist incidents have been reported in France and Australia. Political risk…
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Compulsory travel insurance plan mooted for visitors to Thailand
Travellers to Thailand may be forced to obtain travel insurance before they are allowed to enter the country, if a…
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Parametric insurance: closing the protection gap in Asia
As a region, Asia is particularly prone to natural disasters and extreme weather events such as earthquakes, floods, droughts, heatwaves…
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Swiss Re CS appoints new head for Australia and New Zealand
Swiss Re Corporate Solutions (SRCS), the business insurance arm of the global reinsurer, has appointed a new chief executive for…
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MPI Generali launches corporate insurance business in Malaysia
MPI Generali Insurans Berhad, a joint venture between Italian insurer Generali and Malaysia-based Multi-Purpose Capital Holdings Berhad, has opened a…
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XL Catlin boosts international pollution liability unit
XL Catlin has announced the promotion of Adias Gerbaud to head its international environmental unit. In her newly expanded role,…
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Most complex jurisdictions for accounting and tax compliance named by TMF Group
Turkey, Brazil, Italy, and Greece are the most complex jurisdictions in the world for accounting and tax compliance, according to…
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Introduction of VAT in GCC states to impact insurers
There is considerable uncertainty over the introduction of value added tax (VAT) in the member states of the Gulf Cooperation…
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Uncertainty to continue for insurers exposed to UK liability business
Insurers exposed to UK liability business continue to face uncertainties over claims levels, as a result of the change to…
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Sompo Canopius expands trade credit offering with new hires
Sompo Canopius has announced that it is establishing a new book of excess of loss short-term trade credit business, and…
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Arma Underwriting opens for business in Dubai
Dubai-based Arma Underwriting, the recently formed Lloyd’s coverholder, has received full approval from all regulators and commenced operations. Arma, which…
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Call for private sector to invest in Africa’s power industry
A new World Bank report has called for increased private sector investment in Africa’s underdeveloped electricity transmission infrastructure, a vital…