All News articles – Page 87
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NewsU.S. sues to stop Aon’s purchase of Willis Towers Watson
The U.S. Justice Department filed a lawsuit on Wednesday aimed at stopping insurance broker Aon’s (AON.N) $30 billion acquisition of Willis Towers Watson because it would reduce competition and could lead to higher prices.
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NewsFlock partners with Asia’s largest insurer to reinvent commercial fleet insurance
Insurtech Flock has partnered with the European arm of Asia’s largest insurer, Aioi Nissay Dowa Insurance (AND-E UK), to transform how commercial fleet insurance is priced and distributed.
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People & OpinionSSP names new chief executive
SSP has named Colin Greenhill as its new chief executive.
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NewsCOVID erodes macroeconomic resilience - Swiss Re
Insurance resilience is lowest for natural catastrophes, with the protection gap growing to a record $1.4 trillion
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NewsLaw firm advises Howden Group amid Parhelion launch
International law firm RPC has advised Howden Group on the launch of Parhelion – the world’s first fully sustainable insurer.
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NewsAlexander Forbes open for deals after insurance sale to Sanlam
The South African retirement and investment adviser is boosting its surplus capital and selling its risk and retail business operations - which had insurance premium income of R1 billion at the end of March - to Sanlam.
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NewsAon brand replaces Anviti in India
Aon today announced that it will operate its insurance and reinsurance broking business under the Aon brand name in India effective immediately.
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AIRInsurers have paid more than £750m in interim and final BI payments to date
Since the Supreme Court’s January decision in the FCA’s test case around Covid-19-related business interruption (BI) claims, a total of £756,846,662 has been paid out by insurers for either interim or final BI claims payments across 20,347 claims, according to updated data published by the FCA yesterday (14 June 2021).
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NewsBest’s Market Segment Report: Hardening market and regulatory developments in the GCC drive interest in Captive Insurers
A wider gamut of companies is now investigating self-insurance solutions in response to hardening rates in the international commercial insurance and reinsurance markets. Additionally, companies in the region are becoming increasingly sophisticated in their risk management.
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NewsConsumer group questions extent of Covid cover in travel policies
Consumer group Which? is questioning whether travel insurers are living up to their claims that they provide “complete” Covid-19 cover after its research found that only two travel insurance providers offer all-round financial protection for policyholders, reported the BBC.
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NewsCOVID masks Brexit impact on UK-EU trade
UK trade with the EU has declined at twice the rate as trade with the rest of the world - Atradius
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NewsCyber: Breaking the culture of silence
A lack of transparency on cyber attacks is benefitting the threat actors and increasing the threat
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NewsBoE launches climate stress test for banks, insurers
It will provide central banks and supervisors globally with a common starting point for analysing climate risks under different scenarios
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NewsInsurance sector could fork out up to $3bn for Tokyo Olympics cancellation
The insurance sector could pay out between $2 to $3m for the cancellation of the impending Tokyo Olympic Games to begin 23 July, according to an analysis from Bloomberg Intelligence.
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NewsAXA France offers €300m BI settlement to 15,000 restaurant clients
AXA France has offered a €300m financial business interruption (BI) solution to 15,000 restaurant owners on the insurer’s standard insurance policy, including extended coverage for losses linked to administrative closure.
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NewsBermuda assesses G7’s outline for new global tax system
Curtis Dickinson, Bermuda’s finance minister, reacting to his G7 counterparts’ commitment to a minimum corporate tax, last night said: “It is critical that any agreed framework to establish a global minimum tax, must respect a country’s right to sovereignty in relation to its tax system.”
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NewsGallagher announces leadership changes within its Gallagher Re business
Gallagher today announces that Tom Wakefield will become chief executive officer (CEO) of its reinsurance business, Gallagher Re, subject to regulatory approval.
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NewsWTW: Global insurance industry faces IFRS 17 costs estimated at US$15 to US$20 billion
As the January 2023 transition date approaches, over 300 insurers reveal their top challenges in this comprehensive study by Willis Towers Watson
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NewsCanopius announces the launch of its algorithmic underwriting platform, Vave, as an MGA
Vave MGA is forecast to exceed $100m premium by the end of the year, and, as a digital platform with diverse capital, Vave is positioned for rapid and sustained growth.
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NewsSteps towards cyber resilience
Three proven strategies business leaders can deploy to accelerate cyber transformation
