Zurich
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AlphaChat’s technology will be deployed across all of Zurich’s business channels.
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The carrier said it would no longer support greenfield oil exploration and plans a full phase-out of thermal coal from its underwriting portfolio by 2040.
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Zurich has exhausted its $450mn aggregate reinsurance cover after booking around $450mn in losses from Hurricane Ida and $150mn-$200mn from Storm Bernd.
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Zurich’s gross written premium (GWP) in its property and casualty segment rose 11% to just over $31bn during the first nine months of the year, driven particularly by North American growth.
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Disputes over coverage and aggregation have continued since the Supreme Court gave its test case verdict in January.
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The carrier said the portfolios ‘no longer support’ its core strategy.
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Nine (re)insurance firms in London took part in the programme for career-break women, organised by diversity and inclusion firm Inclusivity and supported by the Insurance Families Network.
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The move is part of a new package of climate-related measures.
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The executive joined Lloyd’s more than seven years ago and has been a mainstay of the performance management team.
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Paolo Mantero replaces Giovanni Giuliani, who is to become Zurich Italy CEO.
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The executive will take on a leading role in all aspects of the carrier’s data management.
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The executive said it was too early to read the trend of loss cost inflation as US courts began to reopen.
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