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The CEO also laid out QBE’s strategy and urged the market to work together on innovation.
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The insurance trade body has set out an ambitious climate change roadmap that would see members contribute one third of the total investment needed to help meet the UK’s net-zero target.
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A total of 13 companies, including five brokers and eight insurers, will now be able to trade digitally across the (re)insurance lifecycle without geographical limits.
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Plus PPL’s NextGen platform woes and all the top news from this week.
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Austria and the Czech Republic are likely to record their most costly convective storms on record.
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The proposal for a global minimum corporate tax rate of at least 15% was agreed by the G7 earlier this month.
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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.
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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.