All News articles – Page 102
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News
Bermuda chosen for Gildenbrook Group’s reinsurance platform
The new entity includes a reinsurance platform in Bermuda, an alternative asset manager in the British Virgin Islands and a fintech development firm in Singapore.
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Swiss Re and Diameter Health join forces for breakthrough in digital health data
Swiss Re and Diameter Health join forces to offer first-ever scalable solution to use electronic clinical health data for life insurance underwriting.
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News
In support of a green economy
Europe suffers from some of the most severe fossil-fuel-company insured losses in the world, according to PCS data
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News
Cyber: Lessons from the Sunburst hack
The SolarWinds attack has awoken risk managers to the threat of Trojan-Horse type supply chain incidents
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News
Hard market drives captive usage
Airmic urges insurers and brokers to place a stronger emphasis on claims capabilities at renewals
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News
COVID-19 prompts “evolution in risk management”
Prior to COVID-19, a pandemic/health crisis was not a ‘top ten’ risk for 82% of firms globally - risk survey
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Pandemic’s second wave threatens to derail Dubai’s tourism surge
Dubai, one of the few destinations open to international travellers since July, has yet to impose the toughest restrictions after record daily infections in the UAE, in the hope that vaccinations will spare a repeat of last year’s lockdown.
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Ping An Insurance annual profit drops for first time since 2008
The insurer reported a 4.2% drop in annual net profit, in part due to a slowdown in agent sales.
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News
Vaccination delay could cost EU economy 90 bln euros - Allianz study
The EU faces a potential 90 billion euro ($108.19 billion) hit to its economy this year unless it catches up with the pace of COVID-19 vaccinations in other regions, a study showed on Wednesday.
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News
Cyber insurers see ‘strong growth’ for coverage after spate of online scams amid lockdown
Despite this, insurers must have adequate capacity to cover evolving cyber fraud
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News
AM Best: UK Commercial Property Insurers Looking Beyond Difficult 2020
Disputes around non-damage business interruption (BI) cover, which made 2020 a difficult year for U.K. commercial property insurers, should subside in 2021.
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News
Insurer AIG pays $12 million fine in NY pension transfer probe
The settlement is the second in a probe by the New York State Department of Financial Services (NYDFS) into an industry in which life insurers take over corporate pension plans.
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News
Insurance systems are like a costly pre-Covid lease you can’t get out of - Stubben Edge
Chris Kenning, chief executive of Stubben Edge, on how to avoid getting locked into legacy systems that prevent an insurance business from meeting the demands of the modern market
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IUA appoints Zurich commercial head as new chairman
The International Underwriting Association (IUA) has appointed head of commercial insurance at Zurich UK, Robert Kuchinski as its new chairman.
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Irish regulator fines commercial retail broker €41,385 for overcharging customers
The broker’s fine also covers the fact that it issued unclear communications regarding fees
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News
Three trends driving the growth of parametric insurance in 2021 – FloodFlash
FloodFlash’s chief executive, Adam Rimmer tells Insurance Times about the three trends driving the growth of parametric insurance
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People & Opinion
AXA XL names Sylvie Gleises as Head of Client Management, APAC & Europe
She will develop AXA XL’s client strategy and oversee its implementation across the region
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People & Opinion
AXIS Re names Katie Partington Howarth as Chief Underwriting Officer
Based in Bermuda, she will be a member of the Reinsurance Leadership Team, reporting to AXIS Re CEO Steve Arora.
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News
Generali may subscribe to rival Cattolica’s cash call
Italian insurer Generali will look at the terms of capital increase plans of smaller rival Cattolica and will likely subscribe to it but only pro-rata, its Chief Executive Officer Philippe Donnet told la Repubblica on Friday. The company will achieve its 2021 financial targets and will be able to pay ...