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ACE Group has made a number of key executive appointments in its multinational claims operations to support the recent creation of ACE’s global accounts division. 19 September 2014
Insurance
Telematics is improving risk assessment and fraud detection in motor insurance, but car manufacturers will be core to allow for further innovation in the segment. 24 November 2016
Insurance
The covered agreement between the EU and the US will establish a level playing field for transatlantic reinsurance business. But as it makes underwriting more attractive for reinsurers from the opposite side of the Atlantic, it is set to increase competition in both markets, adding pressure on pricing and conditions in an already soft market. Other countries like Switzerland don't want to be left behind. 19 January 2017
Insurance
Prior-year reserve releases, which have been supporting reinsurers’ profitability in the current soft market, are drying up at some reinsurers, which may help to increase rates, Munich Re chief financial officer Jörg Schneider. 9 May 2017
Insurance
If all US businesses had cyber insurance, over $5 billion a year would be lost to the insurance industry from cyber data exfiltration alone, according to catastrophe risk modelling firm RMS. 8 May 2017
Insurance
The number of completed mergers and acquisitions (M&A) in the global insurance industry fell to 387 in 2016, 13 percent down from the 444 transactions recorded in 2015, according to a new report. 16 March 2017
Insurance
Tokio Marine Kiln (TMK), a provider of specialist and corporate insurance, has appointed Marion Schmidt as aviation underwriter in the firm’s Frankfurt office. 8 September 2015
Insurance
The Association of British Insurers (ABI) is looking to help expand the industry’s opportunities to trade after the Brexit vote by identifying eight countries as priority markets. 21 November 2016
Insurance
US insurer WR Berkley has established a presence in Colombia with the formation of a company aimed at providing commercial insurance products. 7 July 2015
Insurance
Risk managers are giving greater consideration to how they will finance increasing risk exposures, such as terrorism, as socio-political events intensify, according to JLT. 1 July 2016
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