All News articles – Page 137
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NewsZurich launches dedicated Climate Change Resilience Service
Zurich today announced the launch of its Climate Change Resilience Services to help businesses better prepare for current and future risks associated with climate change.
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NewsChina’s general insurance industry growth to slow down in 2020 due to COVID-19, says GlobalData
The China’s general insurance industry is forecast to grow by 3.8% in 2020, compared to 5.7% registered in 2019, according to GlobalData, a leading data and analytics company.
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NewsPolicyholders need to home in on balance sheets to take advantage of test case verdict
Although claims preparations can now go ‘full steam ahead’ following the publication of the High Court’s ruling, projected profits and losses must be considered for quantum purposes
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NewsClimate change and ESG transforming mining risk
Mining companies must incorporate ESG, above all climate change into their risk mitigation strategies in order to survive in the future - WTW
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NewsCOVID-19: Mid-market firms hit by social engineering
Cybercriminals targeted businesses that remained open during lockdown, making them more susceptible to cyber attack
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NewsFCA called out as ‘shining example of regulatory intervention’ for test case action
Legal professionals are applauding the FCA’s prompt response to the conflict between insurers and policyholders surrounding Covid-19-related business interruption (BI) claims as the High Court yesterday published its verdict on the eight-day test case that sought to clarify non-damage BI policy wordings and their interpretation.
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NewsBriefing: Customers will face more agony despite test case ruling
The FCA ruling will only help some clients and, even then, there will be arguments over payouts. The FCA ruling closes one chapter on this unedifying experience for the insurance industry. There are lessons to be learned.
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NewsFrance is Next For Lemonade’s European Expansion
Lemonade plans to make its new multi-risk insurance available in France by the end of 2020, but French residents can already sign up for the waitlist now. This marks the third European country to get Lemonade, following the Netherlands’ launch earlier this year, and Germany in June 2019. Upon launch, ...
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People & OpinionAXIS Re Global Markets Promotes Camilo Rodriguez to Head of International Credit & Surety
AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS), today announced the promotion of Camilo Rodriguez to Head of International Credit & Surety in its Global Markets division. Mr. Rodriguez will continue to work from the Zurich office and report into the President of Global ...
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NewsLloyd’s of London backs FCA BI test case ruling
Lloyd’s of London has welcomed the FCA test case ruling as it will “bring coverage clarity for many policyholders with certain non-damage business interruption cover extensions. This is according to a statement released by Lloyd’s.
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AnalysisFCA test case is a ‘complex judgment’ that will take time to understand
Insurers have supported the High Court process over the past few months, which saw the claimant – the FCA - seek clarity for customers who have made business interruption claims related to Covid-19. The verdict was published yesterday. But it will take time to comprehend and for any appeals ...
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People & OpinionBeazley underwriting hires to support growth across APAC
Specialist insurer Beazley has appointed four underwriters in Asia Pacific to support ongoing growth in the region. Dindson Phua and Mike Lu have joined the international financial lines team while Reeta Ambaram joins the specialty treaty team. Jordan Schwarz is relocating to the Singapore office as part of the mergers ...
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People & OpinionAIG Appoints James Nash President and Chief Executive Officer of Japan
AIG today announced that James Nash has been appointed President and Chief Executive Officer, AIG Japan Holdings KK. Mr. Nash will report to Jon Hancock, Chief Executive Officer of International General Insurance and will be based in Tokyo. He is expected to join the company by early 2021.
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NewsMetLife Digital Accelerator Partners with 10 Startups to Develop Financial Wellness and Engagement Solutions
MetLife announced its third annual class of startups to participate in the MetLife Digital Accelerator powered by Techstars. The Accelerator supports MetLife’s strategic approach to technology and innovation by working with external partners to simplify and create differentiated experiences for our customers.
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NewsAXA XL Unveils Comprehensive Disaster Recovery Report by Cambridge Centre for Risk Studies
AXA XL, in collaboration with the Centre for Risk Studies (“CCRS”) at Cambridge Judge Business School, has released a comprehensive report demonstrating the impact that (re)insurance has on the speed and quality of recovery following natural disasters.
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NewsZego partners with Swedish e-scooter operator ahead of UK roll out
Zego has teamed up with a Swedish e-scooter operator as the insurtech gears up to roll out its rental vehicles in the UK. Brokered by Marsh, Zego will provide insurance for the Swedish e-scooter company’s UK fleet
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NewsCII urges industry to develop an approach to pandemics to avoid further test case scenarios
The professional body says that building trust across the industry is a ‘key concern’
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NewsDARAG announces transfer of reinsurance business with Axeria Re
DARAG, a leading legacy acquirer, today announced the conclusion of the transfer of reinsurance business with the Maltese reinsurer Axeria Re – part of the April Group – and the original insurer located in France. The transfer of reinsurance business delivers economic, operational and legal effect to Axeria Re. The ...
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People & OpinionCanopius hires president to spearhead significant US expansion
Canopius Group today announces it has appointed Lisa Davis as President and Chief Underwriting Officer of Canopius USA, effective October 1.
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NewsHigh Court rules in favour of FCA for majority of Covid-related BI wording interpretations
Policyholders who had business interruption (BI) claims linked to the coronavirus pandemic but rejected by insurers have today been vindicated, as the High Court has ruled in favour of the FCA’s interpretation of non-damage BI policy wordings across the majority of key contention areas.
