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Last week, a Royal visit to 1 Lime Street heralded a fresh commitment from the (re)insurance industry to building a more sustainable future. -
The carrier has been central to the launch of a net-zero underwriting alliance in the run-up to the COP26 conference.
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Japanese carrier MS&AD Insurance Group Holdings has become the latest insurer to limit its coal underwriting appetite, saying it will no longer insure new coal-fired power plants.
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The insurer said the move would drive synergies and aid expansion in growth markets.
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If Covea agrees a sale price in this range for the operations, parent Axa could book a EUR1bn gain, Berenberg claimed.
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The ICA had an appeal rejected relating to wordings mentioning the Quarantine Act.
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Australian insurers are now pursuing a second test case for further clarity on BI policy wording.
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Executives including AIG CEO Peter Zaffino, Aon CEO Greg Case and Munich Re CEO Joachim Wenning have joined the task force, chaired by Lloyd’s.
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The flooding that took place in mid-March across Australia’s east coast states was labelled the worst in 60 years.
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Lawyers argue the hotel’s claim is similar to that of four pubs against FBD, in which the courts found against the insurer.
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While more storms than usual are expected for this season, Guy Carpenter said fewer are expected to strike land.
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The business was founded in 2013 by Hong Kong tycoon Richard Li and has expanded across Asia.
