Insurance
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Asia contributes to 42% increase in insured global disaster losses in 2016
Insured losses from global disasters increased by 42% in 2016 to $54bn from $38bn, according to Swiss Re Institute’s sigma…
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AM Best upgrades credit ratings of Endurance Specialty Holdings and subsidiaries
Following the completed acquisition of Endurance Specialty Holdings by Sompo Holdings, AM Best has removed Endurance Specialty Insurance Ltd. (Bermuda)…
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Singapore insurance sector posts lower profits as competition intensifies
Intense competition in a mature and competitive economy meant that Singapore’s non-life insurance sector posted premiums slightly up but reduced…
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APAC to lead insurance M&A deals: KPMG
Asia Pacific is predicted to be at the forefront of renewed mergers and acquisition (M&A) activity in the global insurance…
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BIBA and Mactavish partner to launch claims resolution scheme
The British Insurance Brokers’ Association (BIBA) has teamed up with insurance governance company Mactavish to launch a resolution scheme for…
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New challenges emerge for European insurers in 2017
European insurers will face a greater set of challenges in 2017 than last year, according to credit rating firm Dagong…
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Myanmar courts foreign insurers via Thilawa SEZ
Myanmar has stepped up its economic liberalisation efforts by opening up its special economic zone (SEZ) in Thilawa to international…
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Australia’s Insurance Council declares catastrophe in wake of Cyclone Debbie
A category four cyclone that hit the northeastern coast of Australia on Tuesday 28 March has led to mass evacuations…
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Lloyd’s set to announce Brussels or Luxembourg as new EU subsidiary Wednesday
Lloyd’s is set to choose between Brussels and Luxembourg for its new EU subsidiary and will announce its decision tomorrow,…
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Insured global disaster losses rise 42% in 2016
Insured losses from global disasters increased by 42% in 2016 to $54bn from $38bn, according to Swiss Re Institute’s sigma…
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Data analytics promises tighter risk management: Insurance Europe
Wider use of big data analytics offers clear benefits to risk management and ultimately insurance buyers, according to Insurance Europe.…
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Stable German reinsurance buying trends underpinned by natural catastrophe exposures
Germany’s largest cedants are buying more reinsurance, partly to cover their exposures to natural catastrophes, but continue to maintain high…
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Ogden rate change could triple personal injury claims: Marsh
Companies that face increased costs following the new discount rate for personal injury claims introduced by the UK government last…
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Chubb launches online broker platform for SME clients
Chubb Ignite is a new online platform for brokers and their small and medium-sized (SME) and middle market clients in…
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Brad Gow named head of cyber products at Endurance Specialty
Bermuda-based Endurance Specialty Holdings Ltd has appointed Brad Gow to the new role of global cyber product leader within Endurance…
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Hong Kong posts big growth in total gross premiums in 2016
The Hong Kong insurance industry saw total gross premiums increase by 22.7% to $448.8bn in 2016, according to provisional statistics…
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THB industrial cyber risk package includes alternative firewall technology
A cyber security protection package for industrial businesses has been launched by a partnership comprising broker THB in conjunction with…
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Maritime risks on increase across Africa
In 2016 there was a 21% decrease in the number of attacks and boardings of ships globally. However the picture…
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Kenya insurance industry registers 12.3% growth in 2016
Kenya’s insurance industry continued its growth path last year, with new data showing that gross premiums increased by 12.3% to…
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Enko Capital launches Africa investment fund
A new fund has been launched to promote African investment, with $200m of assets under management. The Enko Africa Debt…