Insurance
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AIG ditches $1.9bn P&C premiums in first half as recovery plan kicks in
AIG has slashed commercial property and casualty (P&C) premiums by $1.9bn in the first half of this year and is…
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Expert judging panel announced for joint CRE-Ferma 2016 risk management awards
Commercial Risk Europe and Ferma have secured a star-studded lineup of risk and insurance management experts to act as judges…
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Insurance Act ride likely to be bumpy but should usher in professionalism: Hertzell
The UK Insurance Act that comes into force next week is likely to initially cause a spate of legal disputes…
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France a hotspot for civil unrest: Maplecroft
Companies face "significantly" more disruption from civil unrest in France than any other western European economy, according to a new…
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New Generali chief promises to continue focus on P&C as he reports ‘solid’ results
Generali reported "solid" half-year results but conceded that its financial performance continues to be impacted by volatile markets and low…
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Signs of hardening spotted but pack still writing for volume: Charman
There are signs of resistance by more "professional" insurers to pressure on terms and conditions in key insurance markets such…
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Corporate round-up
AIG extends D&O policies to cover Brexit risk, Liberty Specialty Markets names Kadidja Sinz as new head of Europe, Chubb…
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Typhoon Nepartak adds to rising nat cat losses
Taiwan and mainland China are counting the cost of Typhoon Nepartak, which struck in early July. Meanwhile, the reinsurance industry…
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Consolidation expected in Philippines insurance sector as regulator doubles capital floor
A strong push by the IC to rebuild confidence among policyholders is expected to lead to M&A.
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Asia insurance growth remains strong but headwinds building: Swiss Re
Asia’s share of global premiums has risen strongly in the past decade from 22% to 30% and is expected to…
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Mixed picture ahead for Hong Kong insurance market
The Hong Kong non-life insurance market currently faces strong headwinds from slowing domestic economic growth and the ongoing correction in…
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Philippines regulator beefs up measures to protect ‘burgeoning army’ of policyholders
Risk managers with exposures in the Philippines should feel more confident about the security of their insurance coverage, based on…
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Pressure builds on Philippines President to enact nat cat pool
Recently installed Philippines President Duterte is reportedly coming under rising pressure to give his stamp of approval to the long-awaited…
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IC postpones introduction of risk-based framework
The Philippines Insurance Commission (IC) informed the national Department of Finance at the end of June that it had decided…
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Insurers look to the future
The global insurance industry convened in Singapore for the annual IIS congress. Nicholas Pratt was there.
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We live in interesting and ageing times
The keynote speaker at the IIS Global Insurance Forum 2016 in Singapore was the country’s senior financial official – deputy…
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European terror attacks signal growing risk to certain business sectors
The spate of terror attacks in Europe during the past weeks signals increasing risk for public-facing businesses and will lead…
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Insurance claim lie may not be fraud rules UK Supreme Court
A decision by the UK's Supreme Court last week ruled that making a lie on an insurance claim that is…
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Nat cats dent US and Bermudian insurer profits
Insurers and reinsurers in the US and Bermuda have seen their profits hit by higher natural catastrophe losses this year.
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UK Supreme Court bolsters fight against insurance fraud
The UK Supreme Court ruled this week that a fraudulently exaggerated insurance claim can be reopened if new evidence comes…