All News articles – Page 77
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NewsPanic buying risks return to UK
A lack of HGV drivers and increase in wholesale global gas prices is a concern for businesses and energy suppliers
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NewsJBA and Reinsurance Solutions join forces to support African insurers for flood risk management
Nikki Pilgrim, Technical Director at JBA, explains: “The launch last year of our global flood modelling capability, driven by JBA’s FLY Technology, was a breakthrough opportunity that has allowed JBA and our clients to fill geographic gaps in traditional modelling.
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NewsTwo-thirds of Lloyd’s of London capacity now available on Tremor
More specifically, 33 Lloyd’s Syndicates representing more than 70% of Lloyd’’s Managing Agents have entered into agreements to offer coverage directly on the Tremor marketplace, representing over $33 billion of capacity.
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NewsBest’s Market Segment Report: Realistic Optimism in the Current Reinsurance Market
Offering market observations are two of the reinsurance industry’s leaders—Kathleen Reardon, chief executive officer of Hiscox Re & ILS; and Juan Andrade, chief executive officer of Everest Re Group
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NewsEU plans 120 billion euro economic boost by easing insurance rules
Britain, which is home to the world’s biggest commercial insurance market and left the EU last December, has also begun reviewing the capital rules - Solvency II. It will scrutinise how changes by Brussels could affect London’s competitiveness.
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NewsU.S. flood insurance rates to rise for 77% of policyholders - study
Under the new “Risk Rating 2.0” system from the U.S. Federal Emergency Management Agency (FEMA) taking effect Oct. 1, new premiums will be based on a property’s value, risk of flooding and other factors, rather than simply on a home’s elevation.
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News£800 million Reinsurance Scheme officially opens to help live events
Chancellor Rishi Sunak and Culture Secretary Nadine Dorries have today opened the scheme worth over £800 million to reinsure live events against Covid-related cancellation.
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NewsRansomware considerations for a hybrid workplace
There is now a much larger attack surface for cybercriminals to target due to remote and hybrid working practices
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NewsMental health takes centre stage at Dive In
The insurance industry’s D&I festival kicks off today with mental health, gender equality and racial inclusion high on the agenda
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NewsGibraltar: Light touch regulator or rock steady market of the future?
The Gibraltarian insurance market has long been viewed as a territory with light touch regulation and less strict solvency requirements compared to markets such as the UK and continental Europe.
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People & OpinionBeazley promotes new group head of strategy
Insurer Beazley has appointed Rachel Turk as its new group head of strategy - she will also join the executive committee with immediate effect.
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NewsEx-Munich Re director joins Ticker as new chief operating officer
Motor insurance focused insurtech Ticker has hired Yannis Korgialos for its executive team, appointing him as its new chief operating officer.
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NewsZurich signs five-year capacity deal with specialist motor MGA
KGM Underwriting, part of A-Plan and Howden Group, is a UK-based specialist and niche motor MGA.
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NewsDale Partners receives Lloyd’s in-principle approval for MGA creation
The new entity, Dale Managing Agency, will now submit its regulatory business plan – seeking approval from the Prudential Regulation Authority (PRA) and FCA during 2022.
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NewsAndrew Yeoman: Internet of Things could fundamentally change how insurance works
Six years ago, it struck Andrew Yeoman that there was an opportunity to give better information to insurers and this is why he made the move into insurance.
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NewsQ2 2021 U.S. commercial insurance prices continued increasing but at a lower pace
Commercial Lines Insurance Pricing Survey 2021 Q2
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NewsIda highlights impact of inland flooding
Record heat and drought conditions prompt extreme wildfire activity around the globe, according to Aon catastrophe report
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NewsEnergy underwriters must embrace decarbonisation
Insurers should view the transition to net zero as an opportunity to be proactive - IUMI
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NewsThe ART of renewals
Alternative risk transfer and parametric solutions can offer more than just relief from a hard market
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NewsInsurers ‘bullish’ about London’s future post Brexit
Technology and automation are ‘top strategic’ priorities but more complex regulations remain a challenge
