Operations/tech
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The German carrier is reportedly wary of Chubb’s bidding firepower because of the lack of synergies any takeover would yield. -
The London company will use the funding to expand into new territories, develop new products and improve distribution.
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The potential disposal may help to alleviate competition concerns within the French market.
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The pair will depart after around a decade with the carrier.
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The sale concludes Aviva’s plan to divest from non-core geographies and focus on the UK, Ireland and Canada.
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The broker will focus on sustainable sourcing, energy efficiency, curbing business travel and switching to renewable energy.
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The Toby Esser-led broker said it would fulfil responsibilities to clients and partners.
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The trade body set out its principles about how the industry should learn from a year of remote working.
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The Corporation’s CEO emphasises the (re)insurance industry’s role in dealing with pandemic risk.
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The new recruit will be head of international war and terror underwriting and work alongside Quentin Prebble.
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The insurer said the attack impacted certain CNA systems, including corporate email.
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The funding will be used to develop and improve risk models.
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