Insurance
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Risk managers face more prescriptive cyber rules
Data protection rules in the EU and US are becoming more prescriptive as governments look to tackle the rising cyber…
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Verizon and Singapore’s NTU Business School team up to tackle cyber risk
Verizon Enterprise Solutions, part of the New York-based communications and wireless group, and Singapore-based Nanyang Technology University's (NTU) Business School,…
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UK government introduces whiplash cap Bill
The UK government’s plans to reduce the discount rate applied to large personal injury compensation awards were announced days after…
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UK P&I Club appoints EMEA regional director
The UK P&I Club has appointed Susanne Murphy EMEA regional director as part of its growth plans in the Europe,…
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Nigerian banks will suffer higher credit losses in 2017 due to economic and liquidity concerns, as dollar shortage continues
The Nigerian banking sector faces another difficult year in 2017, according to an S&P Global Ratings report, with 10 banks…
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Insurers object to ‘crazy’ personal injury award rate set to increase motor premiums
The UK insurance industry has labelled a decision by the UK government to slash the discount rate for serious personal…
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Zambia remains on negative outlook, says S&P
Following the trend of recent rating activity across Africa, S&P Global Ratings has affirmed its B/B long- and short-term foreign…
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South African insurers can expect clouds and silver linings, says S&P
Insurance growth in South Africa is likely to be muted in the next year, according to a new report from…
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African states amend private public partnership rules
A number of African states, including Benin, Mali and Tunisia, have amended their public-private partnership (PPP) rules, according to lawyers…
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UAE insurance market posts 2016 profit and premium growth
The United Arab Emirates (UAE) insurance market posted a profit in 2016, following an extremely challenging year of underwriting and…
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AXA’s 2016 results meet five-year targets
AXA CEO Thomas Buberl said the group is on track to fulfil its strategy targets, set out in its Ambition…
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Political risk still a threat in South Africa, warns Fitch
Political and social pressures are likely to test the South African government’s commitment to fiscal consolidation, warned Fitch after the…
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Lloyd’s urges insurers to protect assets from climate change devaluation
Insurance companies should act to identify and mitigate the risk of investment assets vulnerable to potential changes in climate change-related…
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Storm Egon losses to top €200m
Storm Egon, which hit parts of France and Germany last month, is estimated to cost insurers €212m, according to data…
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SCOR Business Solutions appoints new head
SCOR Global P&C has appointed Rachel Conran as head of SCOR Business Solutions, the business unit dedicated to large corporate…
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NAIC slams EU-US covered agreement and calls for renegotiation
The US National Association of Insurance Commissioners (NAIC) has said it is concerned “with the disparate treatment some EU jurisdictions…
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RSA states aim to ‘outperform’ market as profits rise 25%
RSA said 2016 marked a “turnaround” in its fortunes as the insurer reported a 25% increase in operating profits to…
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Validus Specialty poaches cyber duo from Nationwide
Validus Specialty, the wholly owned subsidiary of Validus Holdings, has launched a US cyber insurance unit based in New York,…
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Chubb sets up Single Global and Large Account segment for Europe
Chubb is to establish a single Global and Large Account segment for Europe, headed up by Suresh Krishnan, who has…
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Insurance Europe concerned by compulsory robotics insurance plans
Insurance Europe has told the European Parliament that it would not support a compulsory insurance scheme proposal for manufacturers of…