All News articles – Page 159
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News AgendaSwiss Re to reorganise ReAssure ahead of IPO
The reinsurer is progressing with plans for an initial public offering of shares in its closed life book consolidator, ReAssure
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News AgendaAviva UK to undergo £300m efficiency drive
New Aviva chief executive, Maurice Tulloch, has announced a series of structural changes for the insurer as part of a wider cost savings programme
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News AgendaReinsurers agree $6.2bn cover for New Zealand’s Earthquake Commission
The New Zealand Earthquake Commission has obtained $6.2bn of reinsurance cover
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News AgendaRe/insurers facing ‘new era of liability’
More robust regulation and a lack of underwriting discipline are threatening re/insurers with a ‘new era of liability’ according to a Russell Group report
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News AgendaLatent exposure warning for P&C insurers
The complex nature of casualty catastrophes (CasCat) can be linked to human behaviour and other variables that follow a less-discernible pattern - according to a new report from S&P Global Ratings
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News AgendaFive lines and five countries hit hardest by primary price rises in Europe
Unprecedented loss levels, evolving buyer demands, changing exposures, reinsurance pressures and increased operational costs are pushing insurers to reassess their business models, according to a report from re/insurance broker Aon
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News AgendaAllianz UK to buy Legal & General non-life arm and a 51% stake in LV GIG
Allianz UK will buy Legal & General Insurance outright for £242m and will also purchase a 51% stake in LV General Insurance Group (LV GIG) for £578m
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News AgendaFIDES 2019 schedule goes live; GR to publish dailies reporting live from Bolivia
The Bolivian Association of Insurers has published the programme of activities of the FIDES event to be held on 8-10 September 2019
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News AgendaMutual insurers lead the German market - CEO study
A survey of German insurance CEOs suggests mutual have the best leadership
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News AgendaRansomware attacks more than double in 2019
Number of ransomware attacks reported in Q1 2019 rose 105% from same period in 2018, according to Beazley
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News AgendaFurther consolidation of European insurers expected
After a number of transformative deals in 2018, and organic growth difficulties, increased consolidation of European insurers is expected in 2019 – finds a Moody’s report
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News AgendaFive emerging trends and 15 emerging risks for re/insurers in 2019
A clash between digitalisation and legacy hardware, climate change, the rise of 5G, genetic testing and fiscal flexibility - all listed as key emerging risks in Swiss Re’s latest Sonar report
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News AgendaNew reinsurance buyer joins Brit from Aviva
The insurer has appointed a new head of outwards reinsurance, reporting to the CUO
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News AgendaMS Amlin buys a stake of MGA Envelop
Providing capital to the cyber risk MGA since last year, MS Amlin has now bought a minority holding in the Bermudian start-up entity
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News AgendaBermuda welcomes its removal from EU offshore tax blacklist
Brussels’ decision to remove Bermuda from its list of non-cooperating tax jurisdictions has been welcomed by the island re/insurance hub’s industry stakeholders
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News AgendaThird Point CEO responds to AM Best’s negative outlook update
Dan Malloy, CEO of Bermudian reinsurer Third Point Re, responded to the rating agency’s views
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News AgendaArig ceases its underwriting operations, Central Bank of Bahrain confirms
A review by the regulator last month revealed “glaring deficiencies in the company’s governance framework”
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News AgendaGrowth slowing for US cyber market - Fitch report
The industry’s total direct written cyber premiums grew 8% in 2018 to $2bn, according to the rating agency
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News AgendaBredahl quits Third Point to take TigerRisk president and COO job
Rob Bredahl leaves his post of president and CEO at Bermuda-based hedge fund reinsurer Third Point Re
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News AgendaOnce-in-a-generation chance to address skills shortage, LMG report urges
A new report from the London Market Group is a rallying cry to address the skills challenge facing London’s re/insurance market
