Through the offering, ports can now secure an additional cover...
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New research from Beazley reveals AI is the biggest challenge facing digital health and wellness firms
Beazley’s research found fewer than a third (30%) buy the essential...
Lloyd’s partners with World Bank Group in bid to boost guarantees to $20bn by 2030
Lloyd’s CEO, John Neal, said, “Collaboration is the hallmark of the...
Re/Insurance firm Vantage announces launch
Hendrick said, “2020 has reinforced the riskier nature of our world and the re/insurance markets. Risk changes constantly, and we in the insurance industry must demonstrate our ability to evolve with it, to offer clients coverage that meets their current challenges. To do that, we brought together some of the brightest, most experienced minds in re/insurance to approach the new world of risk in a fresh way — with curiosity at its core and creativity as its engine. At Vantage, we will address the risks others avoid with smart technology and robust analytics.”
Reinsurer Conduit rises 5% after pricing $1.1 billion London IPO
Insurers and reinsurers have faced hefty claims in relation to the coronavirus pandemic.
But this has also encouraged new and returning players into the market, who can capitalise on rising premium rates without the burden of existing loss-making business lines.
Inigo Insurance Group to start underwriting at Lloyd’s in January
“The Lloyd’s market promises to be an exciting place in 2021 and I am delighted we are going to be a part of it. This is a great opportunity to build a highly focused business, which attracts good underwriters and gives them the freedom, and the tools to succeed,” he added.
30 named storms: Record Hurricane Season in US comes to a close
The season also saw the second-highest number of hurricanes on record after 13 of the storms reached hurricane status. There were six major hurricanes with top winds of 111 mph (178 kph) or greater. NOAA said an average season has 12 named storms, six hurricanes and three become major hurricanes.
Rusty pilots making flying errors is next aviation headache
“Regular flying keeps your mind in the cockpit,” said Mohan Ranganathan, an aviation safety consultant who was an adviser to India’s Directorate General of Civil Aviation. “Being away from flying for such a long time brings in some complacency. Add loss of income, uncertainty about jobs or the future of the airline, that brings in additional stress. With an increase in stress levels, proficiency drops.”
Markel Singapore appoints Marine Underwriter
Before joining Markel, she was an underwriter at MS Amlin where she was responsible for underwriting a P&I portfolio. Prior to that, she was at Charles Taylor developing its P&I portfolio
Charles Taylor appoints Bobby Gracey as global head of fraud
Damain Ely, CEO, Charles Taylor Adjusting, said “As Insurers across the world look to control claims costs, the conditions for a greater level of claims fraud can increase, so developing counter fraud capabilities becomes essential. This is the time to support our clients further by developing our counter fraud expertise. Bobby has demonstrated his strong knowledge and experience, making him the obvious choice to lead our global fraud function. We are delighted that he is joining us.”
Aon launches digital cyber insurance for small and middle market businesses
CHICAGO, : Aon plc today announced the launch of a digital insurance solution for small and middle market businesses. With this new offering, businesses across a wide spectrum of industries can go through the full end-to-end process of buying and...
Cyclone Burevi slams into eastern Sri Lanka
The cyclone is likely to damage coastal buildings and power lines and unleash flash floods, the island’s disaster management center said, advising those living near its path to stay indoors.Those evacuated, from the Trincomalee district expected to be hit the hardest, have been moved into 237 relief centers until the cyclone passes, disaster officials said.
U.S. insurers dig into corporate diversity practices as lawsuits pile up
Insurers are meeting company officials to examine diversity practices before renewing or signing new so-called D&O policies to cover lawsuits against directors and officers, insurers and brokers said.
Before pricing coverage, insurers want details about top-level succession planning and how companies recruit, they said.