Insurance
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Pioneer Underwriters adds to fin services unit in New York
Pioneer Underwriters has appointed Rolando Rodriguez as vice president of diversified financial services at Pioneer Special Risk (PSR). He is…
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Broker remuneration: Let’s sort it out this time!
The thorny topic of broker remuneration raised its ugly head again last month and we have to say this has…
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US casualty market to soften despite AIG troubles
Softening US casualty insurance market conditions looks set to continue, despite massive reserve additions at AIG. In February, AIG posted…
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London bids to improve claims handling in subscription market
Key underwriting groups in the London market have approved a Single Claims Agreement model proposed by brokers, which will allow…
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Insurers strive to improve claims process
As competition becomes increasingly fierce in the insurance market, underwriters are trying to improve claims handling and service. Initiatives range…
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HDI Global maintaining a smooth line
Recent results from the international insurance and reinsurance market, not least AIG, have shown once again how difficult it can…
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Generali in for the long run
The international corporate insurance market is becoming increasingly difficult as carriers struggle to balance stubbornly competitive underwriting conditions and low…
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Energy insurance stuck in soft market, but conditions can change quickly warns Willis
Global energy insurance markets are still stuck in a softening market, albeit a decelerating one, according to Willis Towers Watson’s…
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Kenya court ends motor insurance price fixing deal
It’s back to the drawing board for Kenya motor vehicle insurers as the regulator-sanctioned price-fixing deal implemented in 2010 has…
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Zurich buys Sydney-based travel insurance provider Cover-More
Zurich Insurance Group has acquired 100% of the issued share capital of Cover-More Group Limited, a leading travel insurance and…
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Agriculture to drive African economies
Africa must focus on agriculture to drive growth and create jobs on the continent, according to Akinwumi Adesina, president of…
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Supply chains targeted in largest global cyber breach
The largest ever global cyber espionage campaign, that specifically targeted supply chains to access thousands of organisations across the world,…
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Storm Zeus estimated €192m insured loss
Insured property losses from storm Zeus, which affected parts of France last month, are estimated at €192m, according to Zurich-based…
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Alliant consolidates specialty operations into one division
California-based broker Alliant Insurance Services has combined its portfolio of industry specific specialty insurance practices into a single unit, Alliant…
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Brit boosts specialty division with Singapore hire
Brit Ltd has appointed David Lim as CEO, Brit Global Specialty Singapore with effect from 15 May 2017. Following the…
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United Airlines reels from reputation hit
If the future of United Airlines’ chief executive, Oscar Munoz, is not yet decided, his company’s name seems destined to…
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S&P affirms Cameroon rating while warning of political risks
Standard & Poor’s Global Ratings (S&P) has affirmed its B long-term and B short-term sovereign credit ratings on Cameroon, with…
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Miller hire boosts its US MGA business
Richard Boughton has joined Miller in a business production and broking role, with a view to further growing the London-based…
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Significant barriers to implementation of IAIS standards, says Fitch
Fitch Ratings has warned that significant barriers to implementation of the new International Association of Insurance Supervisors (IAIS) standards remain,…
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No need for rushed changes to Solvency II’s ultimate forward rate, say insurers
The European Insurance and Occupational Pensions Authority’s (EIOPA) plans to make changes to the Solvency II ultimate forward rate (UFR)…