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Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon
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SCOR Warns of Ukraine Conflict Impact on Q1 2022 Results
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AM Best turns negative on French life and non-life sectors
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Lockton launches Insights & Innovation Lab
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Howden Acquires 2 Italian Brokers Nord Est Insurance Broker and ASI
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UK Brokerage Group Jensten Simplifies Corporate Structure, Brands
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AUB Group confirms Tysers discussions ongoing
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New capital requirements in Japan are credit positive: Moody’s
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AM Best assigns positive credit ratings to Fortitude Re
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P&C reinsurers see profit & premium improvement: RAA
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MAPFRE outlines new strategy, targets 6% premium growth
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Insured losses from Australia floods now above $2bn, says ICA
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India’s State-Run Insurer LIC Set to Launch Record $8 Billion IPO on March 11: Sources
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QBE returns to profitability in 2021, helped by premium growth
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Mosaic activates more capacity to meet transactional liability risks
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Bahrain: Insurance market expected to grow at faster pace in 2021-2026 compared to 2015-2020
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Tokio Marine triples international profits through Q3
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Marsh McLennan appoints new director
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Sompo International Opens German Headquarters in Cologne
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Qatar: Several favourable factors fuel insurance market growth
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AXA Completes Sale of Singapore Business to HSBC
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UK Insurer Beazley Sees Opportunity (and Risk) in Cyber Market
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GCC: Insurance industry predicted to grow at CAGR of 3.2% in next 5 years
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GAIF: Insurance players discuss 3 major challenges at Rendez-Vous de Carthage
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Aon’s Reinsurance Solutions contributes to robust revenue growth in 2021
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Beazley’s Digital Division Launches, Aiming to Transform Brokers’ Access
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LMA Announces ‘At-the-Box’ or ‘In-the-Office’ Availability for Lloyd’s Underwriters
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Natural Disasters Cost Insurers $116B in 2021, or 63% Higher Than Average: Gallagher Re
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QBE Launches Sustainable Energies Unit to Support Clients’ Transition to Lower Carbon
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Insurtech MIC Global Receives ‘In-Principle’ Approval to Launch Lloyd’s Syndicate
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FERMA Launches Risk Management Tool for Remote Working
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Allianz and UniCredit Expand Longstanding Multi-Country Bancassurance Agreement
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UK Insurer First Central Weighs Sale That Could Value Business at £600M: Sources
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UK Business Closures Jump 14% as Pandemic Takes Brutal Toll on Small Firms
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Everest Re Group Signs UN Principles for Sustainable Insurance
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Climate Risk Is Top London Market Challenge, IUA Survey Shows
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In Both Hard and Soft Markets, Zurich Aims to Maintain Focus on Underwriting Discipline
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UK Insurtech Zego Expands in Europe, Targeting £20B Fleet Insurance Market
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Cyber MGA Resilience Becomes Lloyd’s Coverholder
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Lloyd’s Weighs Future of Headquarters as Market Embraces Flexible Working
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Reinsurers’ 2022 Profit Outlook Better Than Primary Insurers: Fitch
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‘Cybersecurity Failure’ Named a Critical Global Threat in WEF Survey Report
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UK Cyber Insurtech KYND Receives £3.25 Million Investment from BGF
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Canada’s Insured Catastrophe Losses Exceed C$2 Billion in 2021: CatIQ
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Global M&A to Remain Strong in 2022 as Valuations Reach Record Highs: WTW
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Fortitude Re Forms Bermuda Multi-Line Reinsurer, Buys U.S. Life Insurer
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Canada’s Insurers and Banks Rethink Return-to-Office Plans Amid Omicron Concerns
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Allianz completes $35bn reinsurance agreement with Resolution Life
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January Renewals ‘Orderly’ but Loss-Affected Programs Saw More Challenges: Carpenter
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Tokio Marine Appoints Hirai as CEO for Asia Region
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Zurich Insurance to Sell Italian Life and Pensions Back Book to Portugal’s GamaLife
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China Approves HSBC Acquisition of 100% of Insurer Joint Venture
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Reinsurance leaders see real-time data tools as ‘game-changer’
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Aspen implements e-placing platform Whitespace
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Marsh Increases Shareholding in Marsh India from 49% to 92%
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Global Shipping Industry Faces Growing Pressure to Cut Greenhouse Gas Emissions
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AM Best Upgrades Ratings of Canada’s Co-operators General and Sovereign General
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Exor, Again, Agrees to Sell PartnerRe to France’s Covéa for $9 Billion (€7.8 Billion)
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Swiss Re Reorganizes Group Operations, Names Ladva Group CTO, as Bronder Exits
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Life insurers to see return pressure, manageable losses in 2022: Fitch
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Rising Reinsurance Prices and Demand Help to Create Stable Sector Outlook: AM Best
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Global: Primary insurers' quest for capital efficiency boosts reinsurance growth
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Marsh McLennan Agency acquires InSource
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Libya: Insurance regulator vets applications for reinsurance licence
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Willis Towers Watson Acquires Sydney-Based Aviation Broker Aerosure
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Arthur J. Gallagher Completes Minority Investment in MENA Specialist Broker ACE
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UK Broker Aston Lark Acquires Client Book of Choice Benefits
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Bahrain: Medical and life insurance business drive growth in insurance market in 1H2021
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Rise in Insurance Demand Likely to Break Premium Records in 2022: Swiss Re
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Convex Europe Receives UK Regulatory Approval
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Willis Towers Watson Launches Industry Risk Forum for Ports and Terminals
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Algeria: Takaful agencies set to open by yearend
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Insurtech Startup Kettle Raises $25M to Expand Wildfire Reinsurance Protection
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Claims Services Provider McLarens Forms Strategic Alliance With Polish Firm Saltex
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Allianz COO Stephanie Smith to depart
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Reinsurance pricing expectations high across lines, survey shows
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Guy Carpenter and Marsh to Combine South Africa Facultative Reinsurance Businesses
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Guyana Weighs Raising Requirements for Insurance Cover for Oil Spills: Official
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Apollo’s Syndicate 1971 to Open for Trading in 2022
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Climate models are becoming increasingly critical: Aeolus
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Willis Appoints 4 New Directors, Including Former Lloyd’s CEO Beale
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China’s Ant Group Reports 39% Rise in Profits on Investment Gains
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Finance System Is Getting More Dangerous, Not Safer: Allianz CEO
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Update: Zurich Insurance Will No Longer Underwrite New Oil Exploration Projects
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Rise in Insurance Demand Likely to Break Premium Records in 2022: Swiss Re
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Allianz Becomes First Wholly Foreign-Owned Life Insurer in China
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Essent secures $439mn mortgage reinsurance transaction
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WhenFresh partners with Ambiental on FloodScore Climate data
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People Moves: Allianz Global Corporate & Specialty Appoints 5 to Leadership Team
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U.S. Severe Weather Insured Losses Surpassed $20B After Rough October: Aon
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Big Europe Reinsurers See Strong 9M Earnings Despite High Natural Disaster Losses
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Berkshire Hathaway General Reinsurance Unit Launches Mideast Office in Dubai
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Aston Lark Acquires UK-Based Innovation Broking
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Reinsurers will find common ground on pricing at renewals: TigerRisk’s Gulbransen
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Markel adds three to renewable energy team
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Zurich acquires Special Insurance Services in Texas
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Ardonagh Group Closes on Acquisition of BGC Partners Insurance Units
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Aon Founder Ryan Retired at 71, Then He Built a New $10B Business
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AXA Tightens Policy for Insuring, Investing in Oil & Gas Ahead of COP26 Summit
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Generali Acquires Italy Insurer Cattolica to Boost Domestic Market Leadership
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Guy Carpenter Launches Global Insurtech Center of Excellence
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Aon and Cybereason Form Alliance to Help Protect Clients From Cyber Attacks
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Bermuda’s Tax Advantage for Re/Insurers to Be Cut With 15% Global Minimum Tax: Fitch
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Swiss Re CorSo adds Favorito as exec risk head of North America
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Coverys Launches European Casualty MGA, AEC Europe
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Re/Insurers Need a Data Strategy to Build Underwriting Transformation Programs
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Lockton Launches Silent Cyber Property Solution for Businesses
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Munich Re Doubles Q3 Profit Despite Big Storm Losses in Europe, U.S.
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Lloyd’s Re/Insurer Apollo Receives $90M Investment From Alchemy Partners
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China’s Anti-Graft Watchdog to Inspect Financial Regulators, State Banks, Insurers
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Howden Acquires Norwegian Broker Aneco Forsikringsmegling AS
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Financial Services Groups Urge G20 Leaders to Set ‘Clear, Credible, Ambitious’ Climate Goals
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Chubb to Buy Some of Cigna’s Asia-Pacific Businesses for $5.8 Billion
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India Plans to Let Foreign Investors Hold 20% Stake in Life Insurance Corp.’s IPO
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Germany’s Getsafe Raises $30M, Led by Swiss Re; Eyes Becoming Full Carrier
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Egypt: 3 agencies agree on optional insurance cover for locals working abroad
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Broker New Dawn Risk Group Launches Europe Subsidiary in Malta
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Hub International Completes Purchase of Canada’s National Home Warranty Group
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Singapore Plans to Review Cybersecurity Strategy and Laws
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EU reinsurers urge UK regulator to delay Solvency II changes
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Climate Reckoning Is Coming for the World’s Government Debt
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Gallagher Acquires Grand Cayman’s Briat, UK’s Manchester Underwriting
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Boutique Broker McGill and Partners Launches Bermuda Operation
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Aston Lark Acquires UK Insurance Broker S. Johnson & Co.
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Allianz Transfers Legacy Life Portfolio to Resolution Re, Using Quota Share Reinsurance
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Re/Insurance Cyber Rates Could Double Before 2023, as Attacks Skyrocket: S&P
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Willis Re Launches Flood Model for MENA Region
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UK Financial Services Sector Calls for Eased Visa Requirements to Keep Competitiveness
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Australia Insurtech Startup Cover Genius Raises Funds, Boosting Valuation to A$1 Billion
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Allianz in Talks to Transfer Block of Life Assets to Free Up Regulatory Capital: Sources
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UN Launches Disaster Insurance Program for Developing Countries
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Mexican Insurtech Startup Offers Quick Claims Payments for Earthquake Damage
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Is Climate Litigation Covered by Insurance?
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Social Inflation or Science: What Is Fueling Climate Litigation?
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Fortegra Europe Opens Branch in Czech Republic
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Vantage launches Construction and Political risk business
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UK Insurers Cautiously Willing to Underwrite Fire Safety Risks
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Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada
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Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P
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Debt surge in emerging markets may hurt insurance outlook: Swiss Re
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Zurich Insurance Weighs Selling Some Australian Non-Core Assets
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Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds
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Corvus, SiriusPoint announce investment & underwriting capacity partnership
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Munich Re backs energy storage systems provider ESS
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Climate Change Could Force 200 Million People to Leave Their Homes by 2050
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Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s
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Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform
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London Financial Employees Return to Offices Despite Rising Virus Cases
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P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter
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Britain Looks to Revisit Data Privacy Regulations
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WTW, Applied Systems target real-time pricing enhancements
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Reinsurance environment “most attractive in a decade”: SCOR’s Launay
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Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions
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Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio
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Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims
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“Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger
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Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s
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Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer
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Rates need to and will harden further: Swiss Re CEO Mumenthaler
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Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters
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Rise in Insurance Demand Likely to Break Premium Records in 2022: Swiss Re
Saturday, 12 04 2021, Category: Insurance and Reinsurance, Country: World
Strong growth and record premiums are projected for the global insurance industry, as demand for risk protection increases, according to Swiss Re Institute’s latest sigma study.
Source:
Insurance Journal