Operations/tech
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The Corporation will guide towards no “new business” in areas like thermal coal-fired power plants and Arctic drilling from 2022 onwards. -
The entity has had a presence in South Africa since 2015 via a binder agreement with Guardrisk Insurance.
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The Charles Taylor chairman will help assess broking, InsurTech and service provider targets as an advisory council member.
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The internal venture aims to accelerate digitalisation across the group.
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The Turkish reinsurer joins more than 20 insurer shareholders.
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Regulators, investors and activists are monitoring the (re)insurance sector increasingly closely.
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Syndicate 1796 is looking to unlock "billions of dollars" of insurance coverage for low-income countries.
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The regulator says that the insurance sector had remained resilient this year but faced ongoing threats.
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There will be significant movements in the ranks of the top 10 syndicates in 2021, with Brit moving into second place and Axa XL tumbling to 7th.
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The milestone was set out in a combined all-staff townhall as the firms look forward to an H1 close.
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Natural catastrophe losses were up 40% year-on-year to $76bn, 7% above the 10-year average.
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The new Syndicate 1796 is the conduit for the initiative and is backed by 14 global (re)insurers.
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