All News articles – Page 120
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NewsAXA XL and Xtract partner to digitise commercial auto claims
AXA XL’s insurance business has entered into a multiyear partnership and licensing agreement with Xtract to digitise, expedite and transform the commercial auto claims management process in the US.
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NewsThe Next Phase: North American Insurance (Pandemic Accelerates Change in the Insurance Landscape)
As the “longest year” enters its final weeks, Fitch provides its view of the possible longer term implications of the coronavirus pandemic for the North American insurance industry.
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NewsOne in five cancel insurance amid financial pressure of pandemic – Premium Credit
Rising premiums have seen more customers turn to premium finance
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NewsInsurance shares soar on vaccine hopes
Insurance shares have risen sharply as markets reacted favourably to the announcement from pharmaceutical giant Pfizer that it had developed a Covid-19 vaccine that was 90% successful in trials.
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NewsFCA’s focus on fair value marks industry ‘step-change’
Industry experts say that the ‘status quo has to change’ and that the concept of fair value now needs to be embedded within organisational culture and business models
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NewsCinven and GIC to acquire specialist insurance broker Miller
Cinven, the international private equity firm, and GIC, Singapore’s sovereign wealth fund, today announce that they have reached an agreement to acquire leading specialist insurance and (re)insurance broker, Miller, from its partners and corporate member, Willis Towers Watson (“WTW”)
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NewsMunich Re with solid profit for the quarter, considering high losses
Given the ongoing high level of uncertainty regarding the further economic and financial consequences of COVID-19, Munich Re will again not issue profit guidance for 2020 with its Q3 statement.
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NewsStart-Up Reinsurer Conduit Aims for $1.1 Billion London Listing
Conduit, which will be led by its founders Neil Eckert and Trevor Carvey, expects to use the money raised to write reinsurance in property, casualty and specialty classes.
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NewsGlobal ransomware attacks rise 110% in September
Overall, there was a 40% rise in ransomware attacks in the first three quarters of 2020 compared to the same period last year
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NewsGuy Carpenter launches Probabilistic Vietnam Flood Model
The fully probabilistic model provides countrywide coverage and enables insurers to assess their exposure to floods, which affect 70% of the country’s population.
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NewsAllianz cautious on outlook despite surprise profit rise
After a short period of economic recovery, the recent increase in infection rates has led many governments to intensify containment measures again to limit the spread of COVID-19. As the challenging socio-economic conditions persist, Allianz Group demonstrated its resilience again in the third quarter of 2020 and recorded a solid ...
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NewsBuffett’s Berkshire suffers in pandemic even as Apple boosts profit
Some Berkshire operating businesses have rebounded from their spring depths, and analysts were encouraged that revenue fell just 3% from a year earlier. But COVID-19, hurricanes and low interest rates hurt profit from insurance businesses, which include the Geico auto insurer, and the Precision Castparts aircraft parts unit projected thousands ...
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NewsBoss Hester to net millions in cash windfall upon RSA sale
RSA boss Hester has shares that could be worth millions if the deal goes through
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NewsHow risk and insurance supports sustainability
Energy companies need partners and advisors that can help them make the move to a renewable future
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NewsSilent cyber: Can you hear it?
With events such as WannaCry classified as a cyber catastrophe event, silent cyber issues have developed into coverage disputes
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NewsToo good to turn down? RSA told latest offer better than Zurich’s 2015 bid
RSA is getting ”more than fair value” from the £7.1bn consortium offer being put forward, according to analysts at Jefferies.
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NewsRSA mulls multibillion pound consortium bid
The British insurer has been seen as an attractive acquisition target for some time
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NewsLloyd’s told new blueprint requires total London Market support
In launching the Blueprint Two report, Lloyd’s chairman Bruce Carnegie-Brown said the impact of the Covid-19 pandemic, which has led to a shift towards remote working, had hastened the market’s ambitions.
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NewsGlobal insurance pricing up 20% in Q3
All regions, except Latin America (9%), reported double-digit pricing increases, led by the UK (34%), Pacific (33%), and the US (18%) - Marsh
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NewsBrokers define hard market and struggling economy as their biggest concerns
Research by Aviva also signposts Brexit as the potential cause of an economic decline
