Insurance
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Corporate round-up
AIG names new UK environmental head, Swiss Re Corporate Solutions obtains South Africa licence and Arthur J Gallagher names Chilton…
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Oil price to hit insurance demand and further pressure rates
Energy insurers are likely to come under renewed pressure at renewals as oil companies look to cut costs in response…
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Marsh calls for collaborative effort to finally solve BI risk transfer problems
Marsh has called for the 'golden triangle' of buyers, insurers and brokers to work together to finally solve problems with…
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Diekmann reports another good year for AGCS but worrying macro outlook
Allianz Global Corporate & Specialty (AGCS), the industrial insurance arm of Munich-based Allianz group, delivered increased revenues and profitability in…
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AXA reports strong result, but little growth for ACS
Europe's second-largest insurer AXA SA has reported a healthy set of results in 2014, although premiums fell slightly at its…
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Swiss Re grows corporate insurance business as reinsurers enjoy profitable 2014
Swiss Re continues to target growth in its direct corporate insurance business as tough market conditions put reinsurance premiums under…
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Capacity glut spurs another deal as Fairfax bids for Brit
M&A activity in the international insurance and reinsurance sector intensified this week with news of a £1.2bn bid for Lloyd's-based…
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Zurich’s corporate business reports premium growth but decline in profits
Zurich Insurance Group Ltd has reported continued growth in its Global Corporate business in 2014, but adverse development in prior…
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AIG’s commercial business delivers stable results but group profit down
AIG's commercial business has reported marginally improved profits and flat revenues for 2014, although fourth quarter results were tarnished by…
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IRM to publish cyber risk quantification framework to better assess exposures
The Institute of Risk Management (IRM) is set to publish a cyber risk quantification framework to help risk managers better…
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MAPFRE Global Risks reports slight fall in profit and premium
MAPFRE's Global Risks, the Spanish insurance group's primary corporate unit, posted reduced premiums in 2014 despite making gains in the…
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AXA CS invests in parametric insurance as transfer options grow
Quicker settlement of claims and a sharp focus on buyers' needs are among the lure of parametric insurance products, according…
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M&A activity likely to pick up but won’t arrest soft market
Experts agree that M&A activity involving risk transfer companies is here to stay. Buyers will be pleased to note that…
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Benefits of new UK insurance contract law explained
UK insurance contract law will be 'radically' altered and brought into the 21st century by the Insurance Act that was…
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Corporate round-up
Ardian agrees to buy JLT's stake in Siaci St Honoré, Equinox gets official Lloyd's backing for Dutch business, ACE launches…
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Customers must come first says RSA CEO
Insurers need to put clients first and continually improve service, the Chief Executive of RSA, Stephen Hester, told risk managers…
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WEF delivers cyber risk framework to help business manage threats
Aon Risk Solutions has lauded the merits of a new cyber risk framework developed by the World Economic Forum (WEF),…
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Corporate round-up
Swiss Re Corporate Solutions names Ole Nyborg Head of Claims for EMEA, Lloyd's MGA Northcourt brings new nuclear liability capacity…
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European buyers still benefiting from price competition: Marsh
Insurance buyers in Europe, the Middle East and Africa (EMEA) are benefiting from rate reductions as increased competition places further…
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Big brokers report organic growth in 2014 despite headwinds
The big two global insurance brokers, Aon and Marsh, have reported increased earnings and much improved organic revenue growth in…