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Munich Re announces withdrawal from Russian business

Munich Re announces withdrawal from Russian business

by AIP Online Bureau | Mar 17, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“Existing contracts in Russia and Belarus will not be renewed,” the Munich-based company said on its website Wednesday. The same applies to Munich Re’s investments in the region Exceptions will only be made if ending business “would negatively affect persons or...
Your connected car knows you. The tussle for that data’s hitting high gear

Your connected car knows you. The tussle for that data’s hitting high gear

by AIP Online Bureau | Mar 17, 2022 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Technology

Companies in Europe and beyond are vying for control of the crown jewels of the connected car era: your vehicle’s data “If you don’t have access to data in the future, eventually you’ll be squeezed out. You’ll not be efficient, you’ll not have the right services, you...

Lloyd’s of London fines Atrium Underwriters over $1 mln for ‘Boys’ Night Out’ bullying

by AIP Online Bureau | Mar 17, 2022 | International News, Non-Life, Reinsurance

Lloyd’s said in its “notice of censure” that Atrium failed to take adequate steps to deal with an employee’s “systematic campaign of bullying against a junior employee over a number of years” and failed to notify Lloyd’s of...
MS Amlin expands in Asia Pacific with double hires

MS Amlin expands in Asia Pacific with double hires

by AIP Online Bureau | Mar 17, 2022 | International News, Non-Life, Reinsurance

Will Ho, CEO, MS Amlin Asia Pacific Pte Ltd, commented: “We are committed to growing our presence in the Asian market by investing in talented individuals London: MS Amlin Underwriting Limited (MS AUL), the Lloyd’s global (re)insurer, today announces the appointments...

China asks state insurers to review exposure to Russia, Ukraine

by AIP Online Bureau | Mar 16, 2022 | International News, Non-Life, Reinsurance

The development underscores Beijing’s efforts behind the scenes to minimize risk to its own institutions even as it continues to maintain strong trade ties with Russia in the face of crippling sanctions imposed by the West on that country Beijing: China has told top...
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