All News articles – Page 109
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NewsPeter Cullum backed broker duo to form Manchester ‘powerhouse’
The two brokers are currently in talks about another local broker joining the business as part of its growth plans
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People & OpinionMarkel hires Trevor Gandy to lead talent, diversity, and inclusion initiatives
Markel Corporation (NYSE: MKL) announced today that Trevor Gandy has joined the company as Managing Director, Talent, Diversity and Inclusion, effective January 1, 2021. In this new role, Gandy will further shape the company’s diversity, equity, and inclusion strategy for its global workforce. He will work closely with the company’s ...
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NewsMS Amlin Underwriting launches Phoenix 1 Re
Phoenix 1 Re Pte. Ltd. is the landmark first locally issued ILS to provide capacity to a local cedant, solely focused on the Pan-Asia region.
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NewsGCC Secretary General welcomes reopening of Saudi Arabia-Qatar airspace
GCC Secretary General Dr. Nayef Mubarak Al Hajraf has welcomed the reopening of airspace and land and sea borders between Saudi Arabia and Qatar, announced by Sheikh Ahmad Nasser Al Sabah, Kuwaiti Foreign Minister.
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NewsBreakthrough reached in Gulf dispute with Qatar
The development is the latest in a series of Middle East deals sought by Washington - the others involving Israel and Arab states - aimed at building a united front against Iran.
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NewsNetwork boosts Lloyd’s and London market offering for its brokers
Network specialist Compass London Markets has joined forces with wholesaler Bishopsgate, meaning its brokers will enjoy an improved offering to Lloyd’s and London market.
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NewsThe Journal, 3rd edition: Construction Risk
StrategicRISK and Swiss Re Corporate Solutions launch the third edition of The Journal examining construction risk
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NewsRate movements moderated by availability of capacity - Guy Carpenter
Price increases at the January 1, 2021 reinsurance renewals were moderated compared to initial expectations by abundant capital levels and an increased willingness on the part of reinsurers to deploy capacity in several sectors, according to Guy Carpenter.
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NewsInsurer Santam accepts liability for some rejected COVID-19 claims
South African insurer Santam will begin assessing payouts for some previously rejected coronavirus-related claims after recent court judgments on such cases but still intends to challenge one finding against it. Like other insurers around the world, Santam had rejected some business interruption claims related to coronavirus lockdowns. While it said ...
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NewsAmazon, Berkshire, JPMorgan healthcare joint venture to shut business next month
The not-for-profit venture was meant to address high costs in the world’s most expensive healthcare system and to initially focus on “transparent” healthcare for the U.S. employees of the three companies.
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NewsApplied Underwriters’ expansion continues with launch of US based D&O Division
Steve Menzies, CEO of Applied Underwriters, today announced the creation of a US based division of its Applied Financial Lines business unit to provide a variety of D&O coverages in the US under the direction of newly named President of the Division, Stephen McGill.
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NewsNexus acquires Marine business from Hiscox MGA
Hiscox will continue to provide underwriting capacity for the business alongside other existing markets, led by long-standing supporters Talbot and AXA XL. HMM will become an integral part of Millstream and the business will continue to operate as usual.
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Newsbms launches asia operations
BMS Asia will initially focus on M&A insurance broking, enhancing the group’s existing capabilities in that class of business in London, Canada and Australia.
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NewsHow events in 2020 have delivered a sweeping shock to Risk Transfer Markets - Howden Broking
Titled Hard Times, the report offers a detailed retrospective and forward-looking analysis on a period of transformational change (and challenge) for clients and markets alike, as well as providing detailed insights into renewals.
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NewsReason and logic govern firming reinsurance landscape: Willis Re 1st View Renewals Report
The Willis Re 1st View report is a thrice-yearly publication including specific commentary on key trends throughout the world’s major reinsurance classes and regions
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NewsSix business risks for 2021
The need for robust organisational resilience plans and resources to ensure employee wellbeing are essential in the ‘new normal’
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NewsPremia expands reinsurance capacity with Elevation Re formation
This arrangement enables Premia to support run-off reinsurance opportunities with additional capacity and allows investors in Elevation Re to participate alongside Premia in the rapidly-expanding P&C run-off market through a unique and innovative structure.
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NewsEnstar announces reinsurance of $690 Million of Continental Casualty Company’s Legacy Excess Workers’ Compensation Business
The closing of the transaction is subject to regulatory approval and other closing conditions.
