Insurance
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Commercial lines pricing up in MENA region survey finds
Commercial lines pricing has increased in the MENA (Middle East and north Africa) region, according to the latest MENA Insurance…
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Integro UK founders to leave firm
International specialty insurance broker and risk management firm Integro Insurance Brokers has announced the departure of John Sutton and Toby…
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Barbican Protect hires Martin Eyres as underwriting director
Barbican Protect, the UK insurance arm of Barbican Insurance Group, has appointed Martin Eyres as underwriting director. Based in London,…
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Allied World launches three PI products in Australia
Allied World Assurance Company Holdings has launched three new professional liability products in Australia: Directors and Officers liability insurance, Architects…
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London market issues Brexit recommendations to government as £8bn of EU premium at risk
European risk managers are already seeking to reduce their exposure to the London insurance market because of uncertainty over how…
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Ogden rate cut costs Aviva £475m, but investors shrug it off
The UK government’s decision to significantly reduce the assumed rate of return on investments for personal injury claimants and thus…
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Human rights risks mount with supply chain due diligence not fit for purpose: Maplecroft
Human rights risks are surfacing closer to home for western companies at the very time that legislation to clamp down…
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Buffett claims BHSI ‘destined’ to be leading global P&C player
Warren Buffett has told investors that Berkshire Hathaway Specialty Insurance (BHSI) increased its premium income by an impressive 40% last…
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ICMIF to launch mutual microinsurance scheme with India’s DHAN foundation
The International Cooperative and Mutual Insurance Federation (ICMIF) has announced that it will work with the Development of Humane Action…
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Hong Kong looks to establish itself as reinsurance and captive hub
The Hong Kong Financial Services Development Council (FSDC) has released a report which calls for action to be taken to…
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Lloyd’s syndicates keen to tap Indian opportunity, says local lawyer
Lloyd’s syndicates are not wasting their time as they prepare to enter the Indian insurance market following regulatory approval given…
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AIG to set up European subsidiary in Luxembourg to serve clients post Brexit
AIG plans to set up an insurance company in Luxembourg to access the European Economic Area (EEA) and Switzerland post…
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Sompo develops online reputation insurance for corporates
Japanese insurer Sompo has launched a new insurance policy designed to protect a business from online attacks on its reputation,…
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Swiss Re opens KL office and appoints new Japan head
Swiss Re Corporate Solutions (SRCS) has commenced operations at its newly opened Malaysian office. Based in Kuala Lumpur, the office…
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Allied World launches new products in Australian liability market
Allied World, the Switzerland-based international insurance and reinsurance group, continues its expansion in the Australian market with the launch of…
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Number of wealthy Africans on increase as extreme poverty numbers rise significantly
Seven of the 10 most economically unequal countries in the world are in Africa, most of them in southern Africa,…
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Risk management at heart of new weather risk-related deal
African Risk Capacity (ARC) has formally teamed up with the African Development Bank (AfDB) to strengthen mechanisms to manage weather-related…
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Hyperion hires Johnson to lead FP’s Asian marine business
Mark Johnson has been appointed chief executive of FP Marine Risks, the Hong Kong headquartered specialty marine business of UK-based…
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Cameroon and IMF move towards three-year economic programme
The International Monetary Fund (IMF) has started talks with Cameroon to develop a three-year economic and financial programme for the…
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Sompo Canopius heavy industry capacity boosted by Travelers syndicate
Sompo Canopius AG’s heavy industry team has secured additional capacity for its mining cover from Travelers Syndicate 5000 at Lloyd’s.…