Insurance
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Philippines insurers struggling to balance growth with profitability: AM Best
While the Philippines non-life insurance sector has enjoyed another solid year, with gross and net premiums both outpacing growth in…
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Fidelis to form MGA partnership with Nexus
Bermuda-based Fidelis Insurance is backing Rob Ashton, former head of specialty at Hiscox Re, to establish a partnership with Nexus,…
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Tokio Marine Kiln to offer insurance for drone testing
Japan-based speciality insurer Tokio Marine Kiln (TMK) is to provide insurance for the testing of drone-based services. The policy, which…
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StarStone appoints global head of accident and health
StarStone, the London-based global specialty insurer, has announced the appointment of Jeff Herman as global head of accident and health…
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QBE hires new CRO for Australia and NZ division
QBE Australia and New Zealand has appointed Mark Baxter as new chief risk officer (CRO), replacing Anna Gould, who takes…
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BIBA launches pollution product for environmental contractors
The British Insurance Brokers' Association (BIBA) has launched an insurance package for environmental contractors in the UK. The scheme is…
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Evan Greenberg says ‘facilitisation’ of insurance is not sustainable
Evan Greenberg, Chubb’s chairman and CEO, has further clarified his criticisms of brokers, made in his annual letter to shareholders…
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Delphine Traoré Maïdou named Africa CEO of the Year
Delphine Traoré Maïdou has won CEO of the Year for the significant contribution she made to Africa’s economy as CEO…
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Study proves link between nanoparticles and heart disease
New research into the health impact of nanoparticles finds that inhaled nanoparticles can enter the bloodstream and put healthy people…
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ILS market continues its relentless expansion despite lower returns, says Willis Towers Watson Securities
Non-life insurance-linked securities (ILS) capital has continued to grow and is “firing on all cylinders in early 2017”, according to…
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Aon completes $4.8bn sale of benefits unit to Blackstone
Aon has completed the sale of its benefits administration and HR BPO platform to private equity funds affiliated with Blackstone.…
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Lloyd’s market agrees delegated authority framework
The Lloyd’s Market Association (LMA) and the UK’s Managing General Agents’ Association (MGAA) have formally agreed a framework to support…
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Lloyd’s market steps up diversity policies
The majority of Lloyd’s insurers have now implemented diversity and inclusion (D&I) policies, according to the market’s second report on…
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Liberty Specialty appoints new head of casualty
Liberty Specialty Markets (LSM) has appointed Stuart Sutherland as head of casualty. Mr Sutherland will join LSM at its London…
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UK commercial motor premiums to rise by up to 29% in 2018: ERS
UK commercial motor insurance premiums are forecast to rise by up to 29% by January 2018, according to Lloyd’s motor…
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Aspen ups ceded premium levels in specialty lines
Aspen Insurance CEO Chris O'Kane explained in a recent call with analysts why the group is starting to make more…
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Kenya grows hospital insurance covers
Overall membership of Kenya’s National Hospital Insurance Fund (NHIF) grew by 16.5% to 6.1 million in 2015/16, a pointer to…
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Allied World sees improvement in global markets insurance segments
Allied World Assurance Company (AWAC) has reported an improvement in its global markets insurance segment in its first quarter results…
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Law Union & Rock targets 50% premium growth in 2017
Law Union & Rock Insurance plans to grow its gross premium by 50% this year, retain 90% of existing customers,…
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Four African countries at significant risk of political instability
Four African countries could face significant political and economic risks this year, if their leaders were to change, according to…