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Alternative Risk Transfer
Organisations believe that their cyber assets are more valuable than plant, property and equipment (PP&E) assets despite spending four times more budget on insurance protecting the latter risks, according to the latest Aon/Ponemon report. 25 April 2017
Insurance
UK motor insurer Direct Line’s full year 2016 results were hit by a sharp reduction of the personal injury (Ogden) discount rate in the UK, but management remains optimistic about the company’s outlook. 7 March 2017
Insurance
To encourage what it calls sustainable underwriting, French reinsurer SCOR has created a so-called scoring grid to help insurance and facultative underwriters assess environmental, social, and governance (ESG) practices in sensitive sectors and lines of business. 6 September 2017
Insurance
The Travelers Companies' profits fell in the first quarter of 2017, which the company blamed on a $62 million pre-tax impact from the UK’s Ogden rate adjustment, a lower underlying underwriting gain and higher catastrophe losses. 20 April 2017
News
Aggregate shareholders’ funds for companies included in the Willis Re Index, which examines the results of the world’s biggest reinsurance groups, increased by 4 percent to $344.1 billion as at 31 December 2016, according to the latest Reinsurance Market Report from Willis Re. 20 April 2017
Insurance
Global investment in insurance technology surged in 2017, with Europe emerging as a new insurtech hub outside the US, according to new research from advisory firm Accenture. 22 March 2018
Insurance
Asta, a third-party managing agent at Lloyd's, has announced its investment in a new London and Dubai reinsurance managing general agency (MGA) Arma Underwriting. 27 February 2017
Insurance
Zurich Insurance Group has made a series of appointments as it plans to combine its corporate and commercial businesses into a single commercial insurance unit. 21 September 2016
Insurance
Bermuda-based property/casualty re/insurer Sompo International is acquiring the renewal rights to Novae’s financial institutions (FI) portfolio which had annual gross written premiums in excess of $25 million. 31 May 2017
article
Atlanta-based Crawford & Company, a provider of claims management solutions, has appointed Kieran Rigby as the president of international, encompassing the UK, Europe, Asia-Pacific and Latin America regions. 12 April 2017
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