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Insurance
The Association of British Insurers (ABI) says that the floods caused by storms Desmond, Eva and Frank during December and over the New Year in the UK are set to cost ABI members £1.3 billion in payouts to customers affected. 11 January 2016
Insurance
Insurance Europe, the European re/insurance federation, has said it feels the industry came through Solvency II stress tests carried out by the European Insurance and Occupational Pensions Authority (EIOPA) very well and is baffled by why EIOPA has made such a long list of recommendations following the tests. 16 December 2016
Insurance
The International Underwriting Association has added two London Market executives to its board. 14 May 2015
Insurance
While many of its rival reinsurers are seeking alternative growth opportunities through fee income relating to advisory services, technology or the use of alternative risk-transfer structures, Hannover Re’s chief executive officer Ulrich Wallin believes sufficiently profitable traditional risk transfer business will remain available for the foreseeable future. 25 May 2017
Insurance
Alleghany Corporation, the parent company of TransRe, enjoyed solid growth in 2016 but its profits dipped on the back of mixed investment results and a highly competitive property/casualty market. 23 February 2017
Insurance
AkinovA hosted its first ‘Ask The Experts’ private event and Q&A evening in May, bringing together some of the insurance, forensics, capital markets, modelling and legal industries’ leading experts on cybersecurity. Bermuda:Re+ILS summarises some of the points made at the event. 24 July 2020
Insurance
Just as paying kidnappers is widely outlawed, with people understanding that doing so encourages more crime of this nature, bending to the ransom demands of online criminals will also fuel bigger and more prevalent ransomware attacks in the future. 13 September 2016
Insurance
ERS, provider of vehicle insurance, has appointed Neil Joslin as head of personal injury claims and Jacquie Ensinger as head of counter fraud. 4 January 2016
News
Ajit Jain, Warren Buffett’s right hand man, has revealed the new chief executive of reinsurer Gen Re in an internal memo issued today (Friday May 20) in which he also expresses concerns that Gen Re has become less relevant in the market. 20 May 2016
Insurance
Insurance technology firm Quindell has agreed to acquire the remaining 50.1 percent stake that it does not already own in PT Healthcare Solutions Corporation (PT Health) in consideration for the issue of 9,466,666 ordinary shares of 15 pence each in the company. 10 September 2015
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