All News articles – Page 122
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NewsBeware BI underinsurance
While nobody wants to pay unnecessary premiums, it is essential to be clear on policy wordings and gross profit calculations
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NewsRate rises fuel premium income growth for Hiscox
The insurer also saw no further rises in its Covid-19 claims estimate
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NewsMAPFRE’S earnings in the first nine months of the year stand at 450 million euros (-2.7 percent)
The evolution of key economic figures must be considered in the context of the COVID-19 crisis, which has led to a slowdown in economic activity and brought about temporary lockdowns in most of the countries where MAPFRE operates.
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NewsEverest Re Group Reports Third Quarter 2020 Results: Net Income of $243.1 Million and 16% Growth in Gross Written Premium YOYr
Everest Re Group has reported that for the three months ended September 30, 2020, net income was $243.1 million, or $6.07 per diluted common share, compared to net income of $104.4 million, or $2.56 per diluted common share, for the three months ended September 30, 2019.
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NewsSwiss Re swings to 9-month net loss amid pandemic
This result reflects a strong performance in the third quarter, with Group net income of USD 444 million. Reinsurance increased its net premiums earned in the nine-month period, driven by improved market conditions and demand for large transactions.
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NewsBanks and insurers must comply with a new European Union law on sustainability-related disclosures from March
The EU approved the law last year to increase transparency on how banks, insurers, financial advisers and funds consider sustainability risks in their investment decisions and advice to investors.
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NewsNorthern Philippines braces for Typhoon Goni
Goni will take a similar path as of Tropical Storm Quinta (Molave), increasing the vulnerability of people affected
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NewsTractable’s AI solution to save adjusters 360,000 hours annually as insurer partner deploys it across Japan
It solves a long-standing problem in the market with the speed at which motor claims can be solved
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NewsToo few companies disclose financial hit from climate change, regulator says
Too few companies specify their prospective financial hit from climate change under a voluntary global disclosure code that needs wider backing from asset managers and others to be fully effective, a global regulatory body said today.
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NewsRSA and RoSPA join forces to encourage safer & more active lives
RSA today announces a new charity partnership with the Royal Society for the Prevention of Accidents (RoSPA). The two organisations are collaborating on a number of initiatives to highlight risks and to help reduce the number of people who are seriously injured or killed in accidents at home or on ...
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NewsPeak Re first HK based reinsurer to issue public hybrid securities
Peak Re has announced that its wholly-owned subsidiary Peak Re (BVI) Holding Limited, has successfully completed the issuance of USD250 million of perpetual subordinated guaranteed capital securities (the “Securities” or the “Transaction”) at 5.35 per cent. The Securities are rated Baa2 (hyb) by Moody’s, and unconditionally and irrevocably guaranteed by ...
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People & OpinionJohan Slabbert succeeds Tom Clementi as Chief Executive Officer of MS Amlin Underwriting
MS Amlin Underwriting has announced the appointment of Johan Slabbert as Chief Executive Officer (CEO). Slabbert will take up the role on 01 November 2020, subject to regulatory approval. Slabbert succeeds Tom Clementi, who will step down from his position as CEO on 31 October 2020 after 4 years in ...
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NewsAxis Capital Reports Third Quarter 2020 Results
”This was a quarter in which the world and our industry were impacted by exceptional levels of cat loss activity.” Albert Benchimol, President and CEO of AXIS Capital
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NewsSwiss Re puts pioneering data and analytics platform at the service of global health and joins The Trinity Challenge
Swiss Re is joining The Trinity Challenge, a global coalition that aims to better predict and prevent outbreaks, epidemics and pandemics by harnessing the power of data and analytics. Swiss Re has integrated COVID-19 related health, economic and social data in one unique platform: the Risk Resilience Center. As a ...
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NewsHurricane Zeta on course to strike New Orleans
(Bloomberg) — Hurricane Zeta is strengthening as it spins across the Gulf of Mexico, threatening to slam into New Orleans Wednesday (Oct. 28) evening as a Category 2 storm capable of uprooting trees and causing massive power outages.
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NewsRecord-breaking InsurTech fundraising in Q3 2020, as ‘funding gap’ widens
Solid investor appetite for new and mature opportunities in the InsurTech sector was again in evidence during Q3 2020, as US$2.5 billion was raised by InsurTech firms across 104 deals, up 63% and 41% respectively over the prior quarter. Deals included two US$500 million rounds, but the mid-tier funding gap ...
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NewsQatar Insurance Company (QIC) has seen its gross written premiums grow by 4%
The leading insurer in the Middle East North African (MENA) region announced its financial results for the first nine months of this year, following a meeting presided over by Sheikh Khalid bin Mohamed bin Ali al-Thani, QIC chairman and managing director.
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NewsRenaissanceRe Holdings reports significant YOY increase in its profitability for the third quarter of 2020
RenaissanceRe today reported net income available to RenaissanceRe common shareholders of $47.8 million, or $0.94 per diluted common share, in the third quarter of 2020, compared to $36.7 million, or $0.83 per diluted common share, in the third quarter of 2019. Operating loss attributable to RenaissanceRe common shareholders was $131.7 ...
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NewsAM Best awards PCA rating of A to Group Ark Insurance
The PCAs reflect Ark’s consolidated balance sheet strength, which AM Best categorises as very strong, and its adequate operating performance, neutral business profile and appropriate enterprise risk management. The assessment is based on the group’s five-year business plan.
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NewsMarsh Commercial to administer new Government Film and TV Production Restart Scheme
Marsh Commercial is to administer the UK Government’s new £500 million scheme to kick-start film and television productions struggling to get COVID-19 related insurance. The Film and TV Production Restart Scheme, led by the Department of Digital, Culture, Media and Sport (DCMS) and Her Majesty’s Treasury (HM Treasury), will help ...
