Insurance
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ILS market perfectly placed to deliver cyber solutions: BNY Mellon
Investment management firm BNY Mellon believes that the insurance-linked securities (ILS) market is well placed to deliver cyber risk transfer…
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Time to stop viewing cyber threats as ‘voodoo magic’
The time has come for risk managers and their boards to fully get to grips with cyber risks and stop…
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Dangers off west Africa but global piracy falls in Q1
There has been a downturn in global piracy during the first quarter of this year but violent attacks off the…
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Fail to innovate and become a “mere footnote in history”: Von Bomhard
Reinsurers and insurers that fail to innovate will become a "mere footnote in history", according to Munich Re CEO Nikolaus…
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SCOR posts healthy Q1 result but warns of big challenges ahead
SCOR earlier this week showed through healthy first quarter results that the highly competitive underwriting markets and volatile investment conditions…
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Corporate round-up
XL Catlin rolls out D&O cover to SMEs in Iberia, London Market Group names Aubert as new chair and Charles…
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Singapore insurers continue expansion drive but returns are not guaranteed
Singapore-based international insurers and reinsurers such as Beazley and XL Catlin continue to announce ambitious expansion plans for the Asia-Pacific…
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Lloyd’s applies for license and appoints country head in India as part of big expansion plan
Indian corporations and insurers can expect Lloyd’s to make a more aggressive pitch for their insurance business in future as…
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Asian shipping companies face concern from insurers over safety
Out dated standards, economic pressures and the emergence of new cyber exposures are threatening to scupper any advancement in shipping…
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Trade credit cover ready for takeoff in Asia: Scor
Asia-Pacific has become a major contributor to global merchandise trade (GMT), having achieved a compound annual growth rate of 12.2%…
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Plentiful reinsurance capacity holds down rates, sparks innovation
Reinsurance buyers in the Asia-Pacific region can look forward to a good year and primary buyers will benefit too. Adrian…
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Competition drives capacity to Asia in search of growth
Leading global reinsurance broker Aon Benfield sees great opportunities for growth in the Asia-Pacific region, as outlined in its latest…
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Unmitigated natural disasters
A high rate of natural and man-made catastrophes has not been matched by a take-up of insurance, creating concern about…
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Companies face new risks as EU data protection regs adopted
The European Parliament has voted to adopt the General Data Protection Regulation (GDPR) with the new rules coming into force…
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Risk managers central to non-financial reporting, says Ferma
The Federation of European Risk Management Associations (Ferma) says that risk managers and enterprise risk management (ERM) should be at…
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Insurers $4bn bill from Japan and Ecuador quakes, excluding BI
Catastrophe modelling firm AIR estimates insured losses from the M7.0 Japan earthquake that struck Kumamoto Prefecture on Japan’s Kyushu Island…
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BEPS implementation set to hit captives and global programmes
Amid a global clampdown on corporate tax evasion, new anti-tax avoidance rules in Europe could require companies to make significant…
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ECIROA hopes to kick-start DIC/DIL plan with IAIS this month
The European Captive Insurance and Reinsurance Owners’ Association (ECIROA) hopes to send a formal proposal to the International Association of…
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Trade Secrets Directive prompts review of procedures
The EU is close to approving its first pan-European rules covering trade secrets. The move will have implications for whistleblowers…
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Corporate roundup
XL Catlin hires ex-AIG man Gouraud to head client and broker management, Chubb names Luc Reuter head of surety for…