Property
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JD.com buys 33.3% share in Allianz China General Insurance
Chinese e-commerce giant JD.com is to acquire a third of Allianz China General Insurance as part of its push into…
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HWI launches new underwriting venture in Hong Kong
A new Hong Kong-based managing general agent (MGA) has been launched by independent insurer HWI International Group. NuVu Underwriting Hong…
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RKH Specialty signals Asia push with new CEO appointment
International broking group RKH Specialty has appointed Stuart Beatty as its new chief executive for Asia-Pacific, a position he previously…
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The Geneva Association warns of huge cyber and healthcare insurance protection gaps
Insurance protection gaps for cyber and healthcare risks are more acute than the much-discussed natural catastrophe shortfall, according to new…
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Above-average 2018 Atlantic hurricane season predicted
New research from the University of Colorado predicts that the Atlantic hurricane and storm season will be just above average…
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US winter storms hit $3bn in March: Impact Forecasting
US winter storms are estimated to have caused $3bn in economic losses last month, with insurers picking up two thirds…
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Final loss estimate for Cyclone Debbie put at $1.3bn
Perils, the Zurich-based catastrophe data provider, has issued its fourth and final estimate for the losses suffered by property insurers…
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Berkshire Hathaway opens Perth office for specialty insurance
Commercial insurer Berkshire Hathaway Specialty Insurance (BHSI) has expanded its Australian presence with an office opening in Perth, Western Australia.…
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Insurers expect gradual turn in French and European market
Insurers at this year’s Les Rencontres de l’AMRAE believe large losses and rising interest rates should bring about a steady…
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AXA to buy XL for $15.3bn
AXA said it has taken a “major leap forward” along its strategic journey, through the planned acquisition of XL Group…
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Asian commercial rates fall despite first global increase in five years: Marsh
Global commercial insurance rates rose for the first time in five years during the last quarter of 2017, almost exclusively…
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AXA CS sees revenues up 2% to €2.3bn but earnings halved
While total revenues were up 2% last year to €2.3bn, AXA Corporate Solutions saw underlying earnings fall by 59% to…
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UK rate increases fail to materialise, with market largely flat: Willis
UK corporate insurance buyers have avoided the hefty rate rises some predicted following record catastrophe-driven losses in the insurance and…
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Counting the cost of 2017’s huge nat cat losses
Last year’s natural catastrophe losses were the highest ever recorded, according to some market observers, while others place them very…
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Double-digit rate hikes for US cat-exposed commercial property programmes: Willis
Commercial property insurers in North America are looking for double-digit rate hikes on catastrophe-exposed insurance programmes, following last year’s record…
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AGCS results dented by nat cats but group performance solid
Allianz Global Corporate & Specialty (AGCS) saw operating profit more than halve to €156m in 2017 and its combined ratio…
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Ferma plans moves to boost cyber insurance
Ferma is planning guidance on buying cyber insurance to help risk managers obtain cover that better reflects their needs. Following…
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January storm losses in Europe match annual total for 2017
Insured losses from European windstorms this January, causing an estimated bill of more than $2bn, have already matched total insured…
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World Bank secures $1.36bn earthquake cat bond
The World Bank has arranged a catastrophe bond to cover $1.36bn of earthquake risk in four countries. Secured by Aon…
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French market stable but rate increases more likely
Insurance rates in France remain stable, but interest rate rises or further heavy losses could yet see the market harden,…