Allianz
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Thomas Kang joins Allianz from Willis Towers Watson.
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The business unit was established in 2018 to monitor the company’s group-wide cyber exposure.
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Analyst Michael Huttner predicts that rising rates could allow Zurich to recover pandemic losses in just a year.
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Analyst Michael Huttner forecasts lower pandemic-related losses for the Axa unit than for Allianz.
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Giulio Terzariol said underwriting losses from the virus would mean P&C operating profit would come in up to 20 percent below target this year. -
AGCS swings to a EUR141mn loss, while the pandemic impact across the whole P&C unit totals EUR400mn.
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The Judicial Panel on Multidistrict Litigation will determine whether federal BI lawsuits should be consolidated.
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The company wants to remove coal-based companies from its investment and insurance portfolios by 2040.
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The carrier joins a growing number of peers withdrawing targets because of Covid-19 uncertainty.
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BBVA will contribute insurance operations with GWP of about $325mn last year to a new joint venture.
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The deal was subject to speculation in October but has come in below the expected EUR1bn value.
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Oliver Baete tells Bloomberg that the pandemic was like a “meteorite” for the insurance industry.
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