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Insurance

Billion-dollar tornado losses must prompt insurers to better grasp flood risk: Aon

Some 250 tornadoes touched down in the US during April – the most for April since 2011 – a phenomenon that should invigorate insurers to redouble efforts to understand flood risk and further encourage insurance take-up to lower the protection gap, according to Aon.   14 May 2019

Insurance

Insurers must adapt to help SMEs expand globally

As a growing number of SMEs become multinational and invest abroad, there is a corresponding demand for global insurance solutions for the smaller players, which have certain differences in their needs compared to the large multinationals.   18 June 2014

Insurance

Insured loss estimates for Hurricane Dorian reach $5bn for US and Carribean, says cat modeller KCC

Catastrophe modelling firm Karen Clark & Company (KCC) has estimated that the total insured loss from Hurricane Dorian in the US and Caribbean will be close to $5 billion.   12 September 2019

Insurance

Ex-CIRC chairman charged with fraud

The former chairman of China Insurance Regulatory Commission (CIRC) Xiang Junbo has been formally charged on suspicion of taking bribes, Reuters reported on April 16.   17 April 2018

Insurance

RSG's SafeWaters hires US head of cargo from AXA

Ryan Specialty Group-owned SafeWaters Underwriting Managers has appointed Kevin Kempf as vice president, head of cargo, US.   15 May 2018

Insurance

S&P takes negative rating actions on South Africa-based Insurers

The actions follow the negative outlook on South Africa   27 November 2019

Insurance

Howden and Brit's digital syndicate Ki enter long-term capacity deal

Ki, Howden and Hyperion X to develop a fully-digital Lloyd’s placement procedure during 2021.   9 November 2020

Insurance

Prudential to buy US insurtech start-up Assurance IQ for $2.35bn

Prudential Financial is set to acquire US-based insurtech start-up Assurance IQ for $2.35 billion.   13 September 2019

Insurance

PG&E not liable for Tubbs Fire say Cal Fire investigators

Energy supplier Pacific Gas & Electric Co (PG&E), which has been accused of starting several of the wildfires that decimated parts of California last year, has been cleared of causing the Tubbs Fire by the California Department of Forestry and Fire Protection (Cal Fire), which is responsible for determining the origin and cause and of wildfires.   28 January 2019

Insurance

KPMG fined by UK regulator over Lloyd’s Syndicate 218 (Equity Red Star) audit

The Financial Reporting Council (FRC) has fined KPMG and some of its partners after an investigation found misconduct in relation to the audit of Lloyd’s Syndicate 2018 (Equity Red Star) and actuarial advice given to Equity Syndicate Management (ESML).   30 April 2019

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