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The remediation work at Allianz Global Corporate & Specialty (AGCS) has been “accomplished”, and the business unit is now targeting profitable growth, according to Allianz CFO Giulio Terzariol. -
The International Group (IG) has offered premium rises of 52% on the lower part of its general excess of loss (GXL) reinsurance contract following a spell of substantial claims since the contract switched to a two-year deal, Insurance Insider can reveal.
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Johnny Shannon will work alongside MS Amlin colleague Scott Heeley to build a book of cargo business.
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The insurance industry is uniquely positioned to bolster the transition to net zero and improve resilience to climate shocks, according to Selwin Hart, UN assistant secretary-general for climate change.
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Swiss Re’s group CUO Thierry Léger has explained to Insurance Insider the rapid progress insurers need to make in the next decade, adding that “every year counts”.
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The incoming CEO flagged cyber and property cat as areas requiring further pricing attention.
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The carrier continued to benefit from rate increases across its segments during the first nine months of 2021.
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The business began underwriting at the beginning of 2021 following an $830mn capital raise.
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The marine specialty unit will include marine PI and transport logistics and freight forwarder business.
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Review of quarterly financial updates released so far shows Bermudian carriers wearing major losses.
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Plus the latest impact of cat activity on reinsurer results and all the top news from the week.
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Willis’ latest InsurTech briefing shows how a small group of InsurTechs are securing the lion’s share of investment via $100mn-plus mega-rounds.
