All News articles – Page 72
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NewsBloomberg: AIG, underwriters lean on reinsurance with prices poised to jump
AIG and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those policies probably means price hikes are coming.
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NewsSwiss Re: World insurance market set to exceed USD 7 trillion in premiums for the first time
Swiss Re Institute’s latest sigma study forecasts the global insurance industry to reach a new record in global premiums by mid-2022, exceeding USD 7 trillion.
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NewsIncoming Hiscox chief exec plans to build on broker relationships and boost digitisation
Hiscox group chief financial officer Aki Hussain is set to take the leadership reins from current chief executive Bronek Masojada on 1 January 2022.
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NewsBrexit continues to be a major concern for businesses – Aviva
Its latest Risk Insight Report 2021, published this week, found that 25% of businesses believe Brexit is one of the largest risks they face - company leaders ranked it as the fourth biggest risk on their agenda.
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People & OpinionGallagher appoints new managing director for Rentguard
Gallagher has appointed Adam Finch as managing director of landlord and property specialist broker Rentguard.
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NewsSIRC2021: Insurance industry is ‘an important partner’ for Asia’s economies – Singapore finance minister
The insurance industry is an important partner for Asia when it comes to the transition to a low carbon economy, according to Laurence Wong, minister of finance at the Monetary Authority of Singapore, the country’s central bank and financial regulatory authority.
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People & OpinionWTW appoints new global head of broking from Aon
Willis Towers Watson (WTW) has appointed Hugo Wegbrans as global head of broking and broking strategy within its risk and broking business segment.
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NewsDIFC Insurance community expands with Gen Re establishing Middle East presence in the centre
Second insurer owned by Berkshire Hathaway Inc. to expand its presence in the region; strengthens DIFC’s position as a centre of excellence for insurance and reinsurance locally and globally
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NewsInsurers to increase technology spend post-Covid – BlackRock
Nearly two-thirds of insurers are looking to increase their spend on technology over the next two years following accelerated digital transformation driven largely by the Covid-19 pandemic, according to research by investment management firm BlackRock.
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NewsGIC Re witnesses over four-fold jump in net profit to Rs 1,010 crore
General Insurance Corporation of India (GIC Re) on Wednesday reported an over four-fold jump in its net profit to Rs 1,010.55 crore for the quarter ended September 30.
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NewsOver two-thirds of UK workers ready to quit
The “Great Resignation” is here and job loyalty is a thing of the past as pandemic burnout begins to bite, finds Randstad UK
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NewsThe cost of a sustainable supply chain
How sustainability initiatives within the full lifecycle of goods and services benefits the bottom line and enhances reputations
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NewsOperational technology breaches grow by 83%
Cybercriminals are targeting critical infrastructure with ransomware as they are considered easy prey - Skybox Security
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NewsAllianz’s total revenue growth soars despite natural disaster burdens
Allianz’s total revenue growth has increased 9.5%, equalling €34.4bn – up from €31.4bn last year – in what the global insurer’s SE top boss stamps as its best third-quarter results yet announced yesterday (10 November).
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NewsZurich’s property and casualty GWP up by 11%
Zurich reported that its property and casualty (P&C) gross written premiums were up by 11% at £31.2bn on a like-for-like basis in its Q3 trading update.
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NewsCOP26: Global resilience index launches
GRII will help sectors across the global economy quantify the value of building climate resilience, and the costs of doing nothing
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NewsFlood Re chief exec urges focus on ‘Build Back Better scheme’ as ‘resilience is not being prioritised’
To tackle the “increased frequency of flooding and extreme weather events”, the UK must focus on using property flood resilience (PFR) measures for building repairs as part of Flood Re’s Build Back Better (BBB) scheme because currently, “resilience is not being prioritised”, according to Flood Re chief executive Andy Bord.
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NewsDemand for supply chain insurance to rise
The global supply chain crisis has exposed the limits of business interruption insurance - DBRS Morningstar
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NewsCOP26: Risk management “central” to climate mitigation
Insurance industry has a “unique contribution” in advancing understanding and sharing of climate-related risks - report
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NewsCOP26: International Sustainability Standards Board launches
Move represents a “major step forward in establishing consistent, comparable global reporting standards” - TCFD
