Insurance
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EY makes six recommendations to mitigate ransomware risk
EY has made six recommendations to help organisations better protect and defend themselves from ransomware attacks such as the recent…
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Chubb appoints Lord Adair Turner as non-executive chair in Europe
Chubb has appointed Lord Adair Turner as non-executive chairman of two European companies; Chubb European Group and Chubb Underwriting Agencies…
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High prices costly for Kenya insurers
An insurance insider in Kenya says the cost of insurance services is too high, making it unaffordable for many people…
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Risk exposure of EU insurance sector remains stable, says EIOPA
The risk exposure of the European Union insurance sector remains stable and some improvements were observed, according to the European…
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Government hopeful of smooth Kenyan election, as African finance ministers voice confidence for future
Kenya is expected to go through a smooth and non-violent election, according to Dr Geoffrey Mwau. Dr Mwau, director general/budget,…
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Large corporates emerge relatively unscathed from WannaCry
The effects of the WannaCry ransomware attack are likely to be limited in the corporate world with losses and insurance…
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Markel chooses Germany for post Brexit subsidiary
Markel Corporation announced this morning that it will establish a new German insurance company in direct response to the UK’s…
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US-EU covered agreement on reinsurance benefits members, says RIMS
RIMS, the US risk management society, has declared its support for the recently proposed US-EU covered agreement on reinsurance. In…
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IFRS 17 to make analysis of insurer accounts easier, but also add cost
Risk and insurance managers should be pleased to hear that the International Accounting Standards Board (IASB) today finally published IFRS…
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WannaCry attack brings moment of truth for cyber insurance market
The recent WannaCry ransomware attacks that affected businesses, government agencies and individuals in more than 150 countries could be a…
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Don’t transfer or merge EIOPA’s powers, says Insurance Europe
Insurance Europe has said that transferring some responsibilities away from the European Insurance and Occupational Pensions Authority (EIOPA), or merging…
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Berkshire Hathaway Specialty launches casualty coverages in UK and southern Europe
Berkshire Hathaway Specialty Insurance (BHSI) is introducing public and products liability insurance in the UK, Ireland and southern Europe, and…
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Strong overseas growth for Talanx in first quarter
The Talanx Group has reported a positive performance from all its divisions in the first quarter of 2017, with strong…
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Nigeria’s exchange rate still a cause for concern
Investors are being put off Nigeria because of its erratic foreign exchange policy, but analysts are warning the Central Bank…
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IRDAI plans new reinsurance framework and considers use of ART
India’s insurance watchdog, the Insurance Regulatory and Development Authority of India (IRDAI), has formed a new Reinsurance Expert Committee to…
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Swiss Re launches parametric insurance for Taiwan aquaculture
Global reinsurer Swiss Re has partnered with local specialist insurer Taiwan Fire & Marine Insurance to launch what it claims…
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Business on both sides of Channel form new Brexit supply chains
Businesses in mainland Europe and the UK are actively looking to break links with existing supply chains on the other…
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Duperreault has no plans to split AIG with focus on balancing P&C book
AIG’s new CEO Brian Duperreault has categorically stated that he has no plans to break up the company and believes…
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Soft reinsurance market until at least 2018, says Fitch
The soft global reinsurance market will continue until at least the end of 2017, due to large volumes of underdeployed…
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AGCS works with Praedicat to identify future catastrophe liability risks
A new risk assessment methodology means that the next generation of catastrophe liability risks for businesses will be identified far…