Property
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Rousseau takes charge at restructured SCOR Business Solutions, promising to increase ‘client-centricity’
SCOR has reorganised its growing SCOR Business Solutions (SBS) unit in a move it says will make the firm more…
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Global rates rise for second quarter but European market remains soft
Global commercial insurance rates have risen for the second consecutive quarter, up 0.9% on average, driven by increases in property…
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Insurers call for end of desktop fire safety studies
UK government proposals to strengthen fire testing for cladding systems on residential buildings have met with criticism from insurers and…
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Cat modellers warn Europe of hail risk as storms cause $1.5bn US loss
US wind and hailstorms in April 2018 are expected to cost insurers at least $1.5bn, according to Aon Benfield’s Impact…
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Japan set to back Asean parametric disaster insurance fund
The Japanese government is set to fund the launch of a parametric disaster insurance pool designed to provide Asean nations…
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RMS launches new HD model for Japanese earthquakes
Risk modelling firm RMS has released its new Japan Earthquake and Tsunami High Definition (HD) model. According to RMS, the…
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Insurer urges risk managers to act ahead of Grenfell fire safety report
Risk managers should consider reviewing fire strategies ahead of expected changes to UK fire safety regulations following last year’s Grenfell…
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Post-Grenfell Tower tests reveal UK fire safety standards ‘broken’: ABI
A new report by the Association of British Insurers (ABI) says UK building control systems are “broken” after results of…
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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…