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Insurance
The cyber insurance market has not developed as much as it should have in the past 20 years and remains “frustratingly immature”, Inga Beale, CEO of Lloyd’s, told delegates at the Organisation for Economic Cooperation and Development (OECD) conference in Paris last week. 28 February 2018
Insurance
The re/insurance industry loss from extratropical cyclone Friederike (also called David) is currently estimated at €1.466 billion, according to the Zurich-based catastrophe insurance data provider PERILS. 28 February 2018
Insurance
Reech Corporations Group has agreed a significant seed investment in German insurtech start-up FinanzRitter, in the latest addition to its growing pan-European portfolio of fintech businesses. 28 February 2018
Insurance
Allianz Group’s digital investment unit Allianz X has invested $30 million in fintech firm C2FO that connects buyers and suppliers of goods and services with working capital funding needs. 27 February 2018
Insurance
The move of the the European operations to Brussels after Brexit is a logical move as mainland Europe insurance operations grow faster than in the UK and the prospects look good, said Richard Pryce, CEO QBE European Operations. 27 February 2018
Insurance
The Central Bank of Ireland has appointed Kieran Wallace of KPMG as provisional administrator to CBL Insurance Europe (CBLIE), according to a Feb. 26 statement. 27 February 2018
Insurance
The British Insurance Brokers' Association (BIBA) is calling for urgent progress following a UK government response to Treasury Select Committee’s report on transitional arrangements for exiting the European Union. 27 February 2018
Insurance
The supervisory boards of Deutsche Rückversicherung and the Association of German Public Insurers (VöV) appointed Frank Schaar as CEO of both companies with immediate effect. 26 February 2018
Insurance
Marine insurance provider Skuld reported a 9.4 percent year on year net increase in mutual P&I (protection and indemnity) gross tonnage in renewals for 2018. 26 February 2018
Insurance
Germany-based legal expenses insurance provider ARAG has appointed David Haynes as director on the company’s board. 26 February 2018
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