All News articles – Page 128
-
People & OpinionMarsh expands UK Aviation Team
Marsh, today announced the appointment of Mark Walters as a Managing Director within the UK Aviation Practice, effective immediately. Based in London, Mr Walters will report to Andy Smith, UK Chairman and CEO, Aviation, Marsh JLT Specialty. In this role, Mr Walters will provide senior insurance and risk advisory services ...
-
NewsReuters: Britain’s biggest fund manager expands engagement on climate
Britain’s biggest asset manager plans to increase the number of companies it assesses and engages with over climate change to help to accelerate global efforts to move to a low-carbon economy, it said on Wednesday.
-
NewsAgeas sells its share in UK motor and home JV to Tesco Bank
Ageas said on Wednesday it had agreed to sell its majority stake in Tesco Underwriting Ltd to joint venture partner Tesco Bank for 104 million pounds.
-
NewsBest’s Commentary: LIBOR transition poses operational and legal challenges for Insurers
With less than a year and a half to go before the London Interbank Offered Rate (LIBOR) will no longer be available, several areas of concern remain, according to a new AM Best commentary. A review of AM Best-rated insurer debt, as detailed in a Best’s Commentary, titled, “LIBOR Transition ...
-
NewsBlackSwan Technologies launches as the world’s first enterprise AI operating system
BlackSwan Technologies launches as the world’s first enterprise AI operating system, enabling any company to leverage the most advanced artificial intelligence for an unprecedented level of operational efficiency and data-driven decision making. Since it began offering its technology to a limited customer base earlier this year, BlackSwan Technologies has generated ...
-
NewsCoreLogic estimates $0.7 to $1.2 billion in U.S. onshore losses from Hurricane Delta wind and storm surge
CoreLogic today announced residential and commercial storm surge and wind loss estimates for Hurricane Delta. According to this new data analysis, insured wind losses for residential and commercial properties in Louisiana and Texas are estimated to be between $0.5 billion and $0.9 billion. Insured storm surge losses are estimated to ...
-
NewsArch Capital Group announces catastrophe loss estimates
Arch Capital Group reports that its 2020 third quarter results will be negatively impacted by a set of catastrophe events that occurred during the third quarter, including Hurricanes Isaias, Laura, and Sally, the Derecho Windstorm, California Wildfires and other minor global events.
-
NewsEmployer medical benefit costs to more than triple the rate of inflation globally in 2021, Aon Survey forecasts
The costs of employer medical benefits across the world are forecasted to rise 7.2 percent in 2021, outpacing general inflation by 5.0 percent, according to the 2021 Global Medical Trend Rates Report released today by Aon plc, a leading global professional services firm providing a broad range of risk, retirement ...
-
NewsRenaissanceRe announces estimated net negative impact from third quarter 2020 catastrophe events
RenaissanceRe today announced it currently estimates that losses from third quarter 2020 catastrophe events will have an estimated net negative impact of approximately $325 million on its third quarter 2020 results of operations. The estimated net negative impact is primarily driven by losses from Hurricanes Laura and Sally, as well ...
-
NewsReturning to profitability is key concern for aviation insurers – Gallagher
The aviation market was already hardening, and the pandemic has caused further complications
-
NewsAXIS Capital comments on third quarter 2020 financial results
AXIS Capital Holdings today announced a preliminary net loss estimate in the range of $225 million to $255 million, pre-tax ($190 million to $220 million, after-tax) for third quarter catastrophes and other events.
-
NewsAttune announces new BOP Product
Attune Insurance Services today announced the launch of a new Businessowners’ Policy with Accredited Surety and Casualty Company, Inc. (“Accredited”) serving as the carrier. The Businessowners’ Policy product written on Accredited paper is backed by a panel of reinsurers led by TransRe. Attune’s new BOP+ Businessowners’ Policy adds 135 new ...
-
NewsCovid-19 to drive Lloyd's workplace innovation - John Neal
Neal said that Lloyd’s transformation is about reducing cost of doing business
-
NewsGovernment calls for evidence in Pool Re review
It will run for six weeks, ending on 22 November 2020
-
NewsGreece and Portugal count cost of September storms
Medicane Ianos brought rough seas, damaging winds, and flooding rainfall to western and southern regions of Greece
-
NewsChina flood losses up to $32 billion
Total combined economic losses of seasonal monsoon flooding in China are likely to exceed CNY220 billion ($32 billion)
-
NewsClyde & Co expands East Africa presence with Kenya association
Global law firm Clyde & Co is pleased to announce the opening of an associated office in Nairobi, Kenya. Clyde & Co’s association with Kenyan firm Kangwana & Co complements its three existing Africa offices and further expands its “on the ground” presence in East Africa. Operating as “Kangwana in ...
-
People & OpinionAIG names Ronald Reeves Chief Diversity Officer
AIG today announced it has appointed Ronald Reeves as Chief Diversity Officer, effective immediately. This newly redefined and focused leadership role reflects AIG’s commitment to creating an inclusive workplace focused on attracting, retaining and developing diverse talent and fostering a culture of belonging for all employees. Mr. Reeves previously served ...
-
People & OpinionAllianz appoints new head of claims operations
Allianz Insurance has appointed Graham Stait to the position of head of claims operations. In his new role, Graham will be responsible for leading the development and delivery of Allianz’s claims operational strategy, leveraging enhanced people, data and digital capabilities to drive continuous improvement and positive customer outcomes. In his ...
-
NewsAllianz Insurance welcomes first online graduate intake
Enrolled across six schemes Allianz has welcomed 39 new graduates to its 2020 graduate programme. With degrees ranging from geography and economics through to history and politics the talented graduates will gain extensive exposure to the business and wide ranging career skills. The schemes are as follows: Management Trainee ...
