Insurance
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Standalone cyber market best way to meet demand for cover, argues JLT
JLT believes that a standalone cyber insurance market is the best way to deliver the depth and breadth of cover…
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Cyber exposures higher than property with mismatch in insurance protection: Survey
Companies spend four times more insuring property than cyber risks, despite the fact they now value cyber assets above those…
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XL Catlin expands in M&A insurance space
XL Catlin has expanded its suite of M&A insurance products aimed at supporting deals in the global transactional risk market,…
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Certainty of coverage most common reason for global programme, Aon survey finds
The most common reason for purchasing a multinational insurance programme is certainty of coverage, followed by cost savings and statutory…
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APAC companies top the charts for risk preparedness: Aon survey
Global companies’ preparedness for the top 10 risks they face has deteriorated and risk readiness of global firms is at…
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China and Australia to cooperate on cyber crime
The respective governments of Australia and China have pledged to formally collaborate in the fight against transnational crime and to…
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Chinese regulator warns insurers over liquidity risks, capital management and internal controls
The China Insurance Regulatory Commission (CIRC) has warned insurance companies that they must guard against liquidity risks with regular cash…
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Data breaches up 39% in Q1 2017: Beazley
Beazley has recorded a 39% in the number of data breaches reported by its clients in the first three months…
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Advertorial: What’s a steering wheel?
In the past few months: a self-driving pod developed by Oxbotica made its debut in Milton Keynes, England; a self-driving…
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Bermudian market records premiums of $92.3bn in 2016
Members of the Association of Bermuda Insurers and Reinsurers (ABIR) posted global net income of $10.2bn in 2016, with gross…
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FM Global to set up European hub in Luxembourg
FM Global has decided to set up a European hub in Luxembourg post-Brexit, to ensure full access to clients on…
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AIR Worldwide rolls out cyber risk model
A cyber risk modelling tool for commercial insurers has been released by AIR Worldwide, the cat risk modelling company. AIR…
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Liberty Specialty Markets names new broker head
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Kerry McKay to the newly created role of…
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Trump orders review of ‘systemically important financial institutions’ process
The US President, Donald Trump, has told the Treasury to put a temporary ban on identifying non-bank financial companies as…
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Aon’s flagship survey reveals ‘worrisome’ fall in preparedness for leading risks
European companies’ preparedness for the top 10 risks they face has deteriorated and risk readiness of global firms is at…
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AWAC to offer drone training to its clients
Clients of Swiss-based specialty insurer Allied World Assurance Company Holdings (AWAC) in the US can now get help with deploying…
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Alternus brings alternative capital to primary market
The Schinnerer Group has brought the first dedicated commercial insurance solution backed by alternative capital to market for retail clients…
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US forces warn Somali piracy resurgence driven by famine
Risk managers involved in the marine sector and those with goods transiting the Horn of Africa have been warned famine…
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Ivory Coast joins ATI member countries
Ivory Coast has joined the African Trade Insurance Agency (ATI) in a bid to reach emerging country status by 2020.…
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Barbican launches quote-and-bind portal for DUA business
Specialty insurer Barbican Insurance Group has implemented what it said is a pioneering new policy quote-and-bind portal, which will significantly…