All News articles – Page 91
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NewsJohn Glen MP: Strong yet flexible regulation causes a ‘conundrum at the heart’ of the industry
Biba 2021: As the industry slowly emerges from the FCA’s regulation storm and the UK government considers the evolving international landscape of regulation, officials will need to conduct “creative work” to make arrangements that will benefit both Britain and the European Union (EU), said John Glen MP, insurance minister and ...
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News‘More work to do’ on business interruption cover as lockdown lifts
With businesses opening up again post-lockdown, there is more to be done around business interruption (BI) insurance, said an expert panel at Biba’s resilience-themed conference last week.
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NewsFM Global releases earthquake map
The Netherlands, France, Switzerland, Italy have all seen above-average movement to higher risk zones
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NewsColonial Pipeline attack exposes ransomware “pandemic”
CISA urges organisations to take action to strengthen cyber security following US critical infrastructure attack
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NewsBeazley’s GWP doubles to 16%
Lloyd’s market specialist insurance and reinsurance underwriter Beazley has reported its gross written premium (GWP) doubling by 16% to $971m in its first quarter trading results for 2021.
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NewsBy Miles and Covéa Insurance enter new UBI partnership
Covéa Insurance and insurtech By Miles have entered a new partnership catering to the increasing demand from customers for usage-based insurance (UBI).
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NewsZurich’s premium up by 14% in property and casualty
Zurich has reported a strong top line with its gross written premium (GWP) in the property and casualty (P&C) segment increasing by 14% to $11m (£7.78m), this was $9.67m in 2020.
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NewsAllianz Holdings records 10.6% drop in GWP for Q1 2021
Allianz Holdings, which comprises of Allianz Insurance and LV= General Insurance, has recorded a 10.6% drop in gross written premium (GWP) for the first quarter of 2021 – this has fallen from £1026m in 2020 to £917m this year.
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NewsAon and Willis Towers Watson (WTW) Step Toward the Close of Proposed Combination with Agreement to Sell Set of WTW Assets to Gallagher
Aon and WTW today announced they have signed a definitive agreement to sell Willis Re and a set of Willis Towers Watson corporate risk and broking and health and benefits services to Arthur J. Gallagher & Co. (Gallagher). These businesses will be divested for a total consideration of $3.57 billion. ...
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NewsTerror risk grows as lockdown eases
Public transport and facilities remain an attractive target for terrorists as passengers return, warns Pool Re
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NewsCloud dependency brings systemic risk potential
During the last six months, Amazon, Google and Microsoft Azure have all experienced significant service outages - CyberCube
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NewsRSA takeover set to complete by end of May
RSA has confirmed that its deal with Canadian insurer Intact Financial Group and Danish insurer Tryg will complete by the end of May, as it has now received the required regulatory approvals.
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NewsAXA XL names new chief underwriting officer
AXA XL has appointed Anish Jadav as chief underwriting officer (CUO) for retail, property and casualty (P&C), UK and the Lloyd’s market.
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People & OpinionZurich appoints group chief underwriting officer
Zurich Insurance Group has promoted Hayley Robinson from UK chief underwriting officer to the role of group chief underwriting officer.
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NewsInsurercore sets sights on US and Irish markets amid platform relaunch
Digital risk appetite directory Insurercore has set its sights on the US and Irish insurance markets after the Covid-19 lockdown helped to bolster business on its platform.
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NewsUS motor disruptor accepts world’s first bitcoin premium and claims
San Francisco-based disruptor Metromile has become the world’s first insurer to accept payments in bitcoin cryptocurrency.
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NewsInsurer AXA halts ransomware crime reimbursement in France
In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France that reimburse customers for extortion payments made to ransomware criminals.
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NewsVantage Risk enters ILS Market with upsized $225 million Vista Re Cat Bond
Vista Re follows the launch of AdVantage Retro I Ltd., a collateralized reinsurer established by Vantage in December 2020 which allows investors to partner with Vantage to access selected reinsurance risks.
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NewsArthur J. Gallagher is in talks to buy Aon, Willis Assets
An agreement could be reached in the coming weeks, said the people, who asked to not be identified because the matter isn’t public. Assets in Germany, Spain, France, and the Netherlands as well as Willis Towers’ reinsurance business will be part of the package deal, the people said.
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NewsItaly’s REVO SPAC aims to raise 200 mln euros for insurance deals
Two known Italian business executives said on Monday they would list a 200 million euro ($243 million) special purpose acquisition company (SPAC) in Milan by the end of May to target opportunities in the insurance sector.
