Region
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February 20, 2024
Insurance industry in Bahrain forecast to grow
Estimates are that Bahrain's insurance market will reach $0.8bn in 2028, registering a CAGR of 2.6% from 2023-2028, according to…
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February 20, 2024
Lloyd’s appoints Schrader general counsel
Lloyd’s has confirmed Claire Schrader will be appointed as general counsel on a permanent basis, after taking up the role…
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February 20, 2024
Rate increases in Europe will need to rise above inflation, Moody’s warns
Europe’s property/casualty insurers will need to “push through” further rate increases to balance increases in claims costs, according to Moody’s.…
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February 20, 2024
Cyber gang LockBit taken down by crime agencies
One of the world’s most active cyber gangs, LockBit, claims it has been taken down by a coalition of crime…
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February 20, 2024
QBE UK narrows gender and ethnicity pay gaps
QBE UK said its gender pay gap narrowed to 21.9% in 2023 from 24.7% in 2022 and from 32.8% when…
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February 20, 2024
UK business leaders fear rising fraud and financial crime
UK business leaders are worried that worsening economic conditions are driving up financial crime and putting vulnerable customers at risk,…
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February 19, 2024
Analytics service to help UK insurers better assess ESG risk
A new service from credit information provider CRIF will enable UK insurers to assess the ESG profile of their UK…
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February 19, 2024
Gibraltar moving ahead with captive regime proposals
The Gibraltar government is pushing ahead with proposals for a captive regime in partnership with the UK. The territory has…
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February 19, 2024
Rate increases drive QBE to 131% profit growth
QBE’s net profit jumped 131% to $1.36bn in 2023 after pushing through rate increases averaging 9.7% across the business, compared…
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February 19, 2024
European firms must verify green claims before marketing, says parliament
The European Parliament’s Internal Market and Environment committees have adopted their position on rules governing how firms can validate their…
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February 19, 2024
German insurers issue new model cyber conditions
The German Insurance Industry Association (GDV) has revised its non-binding model conditions for cyber insurance to take into account the…
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February 19, 2024
Cyberattacks up 36% at ‘vulnerable’ UK law firms
Cyberattacks against UK law firms surged by 36% in the past year, according to London market insurer Chaucer, which said…
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February 19, 2024
Oklahoma sees number of captives grow by a third
Oklahoma licensed 20 new captive insurers in 2023 as the risk transfer vehicles grew increasingly popular in the hard market,…
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February 16, 2024
Mass timber will ‘transform’ construction risk landscape, warns Allianz Commercial
The projected growth in mass timber construction as the building sector transitions from concrete and steel will bring new risk…
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February 16, 2024
North American construction casualty team launched by Lockton
Lockton has launched a North American construction casualty team with the appointment of Oliver Ross as senior vice-president within the…
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February 16, 2024
Fairfax Financial says 2023 best year in its history as profits grow
Fairfax Financial Holdings Limited has reported a 29.9% increase in net earnings from $3,374.2m for fiscal year 2022 to $4,381.8m…
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February 16, 2024
Supply chain pressures ease for German companies: Ifo
The supply chain crisis that came to a head during the Covid-19 pandemic has subsided and German firms have started…
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February 16, 2024
Tokio Marine Kiln unveils new CEO and CUO
Specialty insurer Tokio Marine Kiln (TMK) has announced that Matthew Shaw, current chief underwriting officer (CUO), will succeed Brad Irick…
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February 16, 2024
Corporate Solutions boosts net income by 43% as Swiss Re rebounds after tough 2022
Swiss Re Corporate Solutions increased net income by 42% to $678m last year, as its parent group saw profits jump…
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February 16, 2024
QBE appoints Asia CEO
Rob Kosova has been appointed as CEO Asia at QBE, with effect from 1 April, subject to regulatory approval. He…