All News articles – Page 74
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NewsInsurtech investment surpasses $10bn in Q3 – Willis Towers Watson
Insurtech investment surpassed $10bn in the third quarter of 2021 according to Willis Towers Watson’s (WTW) latest Quarterly Insurtech Briefing published today (27 October 2021).
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NewsCAT to the rescue: Govts, insurers must issue cat bonds for citizens’ financial protection from weather events
What it means for Indians, rich or middle class or poor, is that with cat bonds both insurers and governments will have more financial heft to insure better off citizens or aid poorer citizens.
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NewsHamilton announces Property Treaty Reinsurance consolidation
The Company will continue to write property treaty reinsurance business out of Bermuda, consolidating our peak peril catastrophe reinsurance underwriting into one hub.
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NewsCampaigners target reinsurers in Baden Baden
Only a few reinsurers have so far publicly committed to phase out coal from their treaty business
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NewsLockton launches crisis management division
Lockton’s Matt Humphries will be leading the new unit within the business’ wholesale property and casualty (P&C) division.
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NewsGuy Carpenter establishes insurtech centre of excellence
Reinsurance broker Guy Carpenter has launched its Insurtech Centre of Excellence (COE) to provide comprehensive services to reinsurance carriers and MGAs.
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NewsDavies inks deal to buy US-based property and casualty inspection firm
Davies has today (19 October 2021) signed a purchase agreement to buy property and casualty insurance inspection firm Insurance Risk Services (IRS), expanding its underwriting support capabilities in North America.
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NewsWhat are the most profitable schemes for brokers emerging from the pandemic?
Produced in association with software firm SchemeServe, the Schemes Index provides a snapshot of the most profitable schemes businesses for brokers.
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NewsCO2 crisis could spark fresh demand in supply chain cover
Surging prices of carbon dioxide (CO2) have drawn attention to the lack of suitable insurance policies available to cover business interruption (BI) to companies’ supply chains.
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NewsAllianz Insurance launches sustainable procurement charter
Working to combat climate change, the initiative will ‘help develop a shared mindset’ between the insurer and its supplier partners
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NewsFCA chair plans to step down in spring 2022
Chair of the FCA and Payment Systems Regulator Charles Randell wrote to chancellor of the exchequer Rishi Sunak on Friday (15 October 2021), notifying him of his plans to step down from his leadership positions in spring 2022.
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NewsBeazley launches Lloyd’s first ESG syndicate
Syndicate 4321 will support those businesses that invest in ESG by offering additional capacity on a multi-line basis
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NewsEIOPA welcomes Solvency II proposals from the European Commission on sustainability
EIOPA believes that it is important to explore prudential treatment of exposures related to assets or activities associated substantially with environmental or social objectives.
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NewsMore Insurers sign up to support energy transition and CTP, developed by WTW
More insurers sign up to support the energy transition and the Climate Transition Pathway (CTP) accreditation framework developed by Willis Towers Watson.
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NewsMunich Re expects rising reinsurance prices in Europe
The most serious losses in Europe this year were in connection with the floods that struck Central Europe in mid-July.
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NewsE+S Rück expects rising reinsurance prices after catastrophic weather events in Germany
E+S Rückversicherung AG, the Hannover Re subsidiary responsible for the Group’s German business, expects higher prices - in some areas markedly so - and improved conditions in property and casualty reinsurance on the German market following the devastating flood damage in the summer.
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NewsS.African insurer Santam loses appeal in coronavirus case with hotelier
South Africa’s Supreme Court of Appeal has ruled Santam (SNTJ.J) is liable to cover the impact of COVID-19 restrictions on hotel group Ma-Afrika for 18 months, rejecting the insurer’s request for a shorter time frame on the claim, Santam said on Thursday. Globally, firms like Ma-Afrika have been fighting insurers’ ...
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NewsReuters: Tension over Beirut blast probe nudges Lebanon into new crisis
More than a year since the explosion ripped through Beirut, killing more than 200 people, Judge Tarek Bitar’s efforts to hold senior officials to account for suspected negligence are facing mounting political pushback.
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NewsLloyd’s Insurance Company appoints new UK branch leadership
Lloyd’s Insurance Company SA (LIC), also known as Lloyd’s Europe, has appointed Mark Cooper as head of its UK branch, effective from 1 November 2021, subject to regulatory approval.
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NewsHannover Re commits to net zero targets in reinsurance, investments and business operations
Hannover Re’s recent move to join the United Nations-convened Net-Zero Insurance Alliance underscores its Group-wide sustainability engagement.
