Collins succeeds Francie Starnes, who will remain as chief executive emeritus throughout 2021. Updated each working day and without any access restrictions. Welcome to TheInsurer.com. Can cedants aggregate their Covid-19 losses arising from the first and second lockdowns? Australasia’s leading source of insurance news, with more than 29,000 digital subscribers. Read our policy. If you have suggestions for posts or breaking news, please let us know – we are happy to share good news or report on issues. insuranceNEWS.com.au features local, corporate, regulatory and government, financial services and international news as well as insurance industry events. It could save you hundreds compared with buying at the rental desk. The Worldwide Broker Network (WBN), the world’s largest global network of independent insurance and benefits brokers, has appointed Olga Collins as its new chief executive, effective from 12 April. With the launch of the RAC’s new insurance … As with much in life over the last 12 months, Aon’s announcement of an agreed deal with Willis Towers Watson (WTW) seems like an age ago and yet only yesterday, as time continues to distort during the Covid-19 pandemic. The latest UK general insurance news for insurers, brokers and service providers. Aon-WTW one year on – will pragmatism get the deal over the line? Posted at 14:5114:51. Whether it’s a question, feedback, or a complaint – our team are here to help. International General Insurance (IGIC): Q4 Non-GAAP EPS of $0.09 misses by $0.08; GAAP EPS of $0.22 beats by $0.05.Net premiums earnedof $73.9M (+27.2% Y/Y)Press Release HCI open to IPO or SPAC deal for TypTap: Patel, Relation expands into Texas and Arkansas with three acquisitions, Helios prepared to “ruffle feathers” as it moves to secure deals, Africa Specialty Risks hires Brit’s Way for in-house pricing, Vantage adds former Brit exec Quigley to growing insurance ranks, City of London Mayor: Lloyd’s can lead Square Mile’s pandemic recovery, Lloyd’s hails “key milestone” in Blueprint Two as first version of CDR launches, Abry leads $350mn capital raise as Aquiline-owned ERS launches Bermuda platform, Channel Syndicate returns to 2020 profit as CR falls to 96%, LSM reports £201mn profit at Syndicate 4472 as CR improves to 98.6%, BRP generates 17% organic growth in record revenue quarter, Lockton adds Tran to growing Washington office, Beecher Carlson names Lo and Swinford joint multinational heads, Aon warns of prolonged loss development from US winter storms, Hannover Re uses $15bn industry loss scenario as guide for Uri estimate, AccuWeather US winter storm damage estimate soars to $155bn, Demotech and AM Best act on AmCap ratings after surplus drops 64% in 2021, Darag returns to its Northern European heartland with €180mn Protector deal, Darag confirms takeover of SunPoint from Fosun, Gallagher Re targets legacy opportunities with Rothseid hire, RiverStone inks ~£370mn RITC with Hamilton and Liberty for Pembroke back years, Enstar provides ADC for $1.395bn Axa XL long-tail portfolio, Premia to acquire Armour as PE owner Aquiline rolls investment. The increasing interest in insurtechs from SPACs marks the inevitable convergence between the capital markets’ current biggest craze with an area of the insurance market that had already been attracting increasing levels of funding at eye-watering multiples. News, advice, and updates relating to travel insurance, international health insurance, and international travel. Real-time news and intelligence on the London and international insurance markets, enriched with insight and analysis. BBC News provides trusted World and UK news as well as local and regional perspectives. PRIMIS broker enquiries climb 27% in February, MCE Insurance reports zero gender pay gap for fourth year, Sports broker accused of denying group of Football League clubs business interruption payouts, China’s Ant Group Issues Financial Self-Discipline Rules on Tighter Regulatory Oversight, Zurich cuts ties with over 90 companies over green issues, Travelers underwriter Spencer leaves for MGA Vessel Protect, Markel UK crowned three-time champion in five-star commercial lines report. please read our, Association of British Insurers (Press Release), Flooding prompts Hawaii Emergency declaration, evacuations ordered, QBE promotes Cécile Fresneau to run insurance division, Allianz Risk Consulting names global head, Berkshire Hathaway Specialty Insurance appoints Anthony Tatulli to lead North American, Iais ‘committed to’ 2024 Insurance Capital Standard implementation, AXA XL's Construction Ecosystem honored with Celent Model Insurer of the Year Award, US and Canadian M&A deal volume hit record highs in late 2020 – Marsh, $245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley, Coalition, Swiss Re Corporate Solutions extend cyber insurance partnership, Union Raises More Than $61K for Injured Shipyard Worker in Maine, The MEMIC Group Promotes Funk to President of the Eastern Region, Fitch Cautious, but Hartwig Predicts ‘Isolated’ Impact From COVID Business-Interruption Claims, Cowbell Cyber raises $20 million in Series A funding, P/C Insurers Improved Profitability in Year of Coronavirus: AM Best, The Week in 90 Seconds: Renewals previews, Convex’s Brand, Fidelis’ Brindle, Howden rolls out Long Covid support service, Purdue Pharma’s Sacklers Increase Opioid Settlement Offer to $4.3B: Reuters, COVID-19: HMCTS publishes weekly management information (March 2020 to February 2021), Zurich cedes 10% more premium ($8.6bn) to reinsurance & retro in 2020, Esure Group sees pre-tax profits rise to £34.2m. This site, like many others, uses small files called cookies to ensure that we give you the best experience on our website. insuranceNEWS.com.au is a free online daily news bulletin for Australia's general insurance industry and the wider financial services community. Breaking News. Bharti AXA General Insurance launches Health AdvantEDGE: All you need to know Into the ashes: An in-depth look at Phoenix and Standard Life. Eight months after the grounding of bulk carrier Wakashio on the south-east coast of Mauritius, another vessel has grounded off the island's coast. Tuna fishing vessel runs aground off Mauritius March 9, 2021. Less than a year after this publication revealed that Ryan Specialty Group was set to buy the then fourth largest US wholesaler All Risks, the firm that stepped up into the position, Worldwide Facilities, is being taken out by Amwins. 9 Mar 2021 . © Copyright 1997 - 2021 NewsNow Publishing Limited. Find out about worldwide expat news here. Written on Monday, 08 March 2021 14:07 in iPMI Magazine Breaking News. Commodities Trader Mercuria Buys $36M of Copper, but Gets Cargo of Painted Rocks. HomeBreaking News Worldwide Broker Network taps Beecher Carlson executive as CEO. We strive to keep both our customers and our insurance partners up to date with changes in travel and international health plans. The latest news from the global marine insurance industry. Florida homeowners specialists await fate as Demotech assesses 2020 damage. Uncertainty continues to surround the total cost of last month’s winter storm activity across large parts of the US, which will result in a record industry loss for the peril. Which are America's best environmental insurance providers? Stay informed and up to date on the latest expat news from around the world. Ensure Group secures £34.2m pre-tax profits, Remote technologies keep claims adjusters working, Motor insurance claims fall due to lockdowns, says ABI, XPS reveals largest ever monthly fall in transfer values, Hiscox names Isha Patel head of direct commercial, California accuses motor insurers of overcharging, Premium taxes could be ‘revisited’ as IPT raises £6.5bn, NFU Mutual appoints sales and agency director, US p/c insurers’ underwriting profit rises 68% in 2020, France’s AXA Drops German Power Giant RWE as Client over Large Coal Operations, Lockdowns drive 19% fall in UK motor claims, Axa lines up Gosset-Grainville to become chairman, AXA announces new chairman to replace Duverne in 2022, Elon Musk to launch insurance in three more states, Axa names Gossett-Grainville to succeed Duverne as chairman, Hiscox promotes Isha Patel as head of direct commercial in UK, Winter weather poised to exceed a record 10bn in losses, Insurer Sanlam Braces for More Virus Waves in South Africa, Lloyd's reaches key milestone in shift to digital ecosystem, Allianz prepares to vaccinate employees against Covid-19, Aon says winter storm losses to hit record level, warns of climate effect, New entrants to HNW market set to cause ‘disruption’ – Criterion, Businesses told to take off Covid blinkers and consider longer term risks, Motor insurance payouts fell by 6% in 2020 due to lockdown impact, Fidelis near doubles top line in ‘transformational year’, Swiss Re extends support for cyber specialist Coalition, AM Best revises QBE credit outlook to negative, IGI swings to $4.2mn operating profit in Q4, IGI Q4 operating result swings to $4.2mn operating profit, IGI’s income more than doubles on improved underwriting, Florida Regulator to Hold Hearing for Proposed Citizens’ Rate Increases, Oklahoma Contractor Again Cited for Trenching Hazards, Fined $205.5K, Hamilton Reappointed as Texas Public Insurance Counsel, Security Firm to Pay $110K in Louisiana Pregnancy Discrimination Lawsuit Settlement, Relation Insurance Services Enters Arkansas with Agency Asset Acquisition, AXA Partners and Ancileo renew strategic partnership to foster innovation in the Travel industry, Insurance Safety Institute Finds Adaptive Cruise Control Raises Fatal Crash Risk, Transactional Risk Insurance Hits Record High Despite Pandemic: Marsh, Generali secures profitability despite COVID-19 impact, South Dakota Senate Pushes Permissive Medical Pot Law, Defying Governor, Lawmakers Hear New Pitch for Medical Marijuana Legislation in Nebraska, Former California Firefighter Faces Workers’ Comp Fraud Charges, CRC Group, Pan-American Benefit Solutions to Offer Workers’ Comp to Trucking Industry, Adaptive Cruise Control Raises Crash Risks, U.S. Study Finds, For the record: Wilson’s insurtech Abacai acquires Dayinsure; 250 job losses at BGL; GRS recruits Advanta team; and, Blog: Lessons from lockdown – a ‘generational’ shift in attitudes to mental health, Pandemic lockdowns lead to fall in motor insurance claims in 2020, Munich Re expects market-wide standard for cyber war exclusions to emerge in 2021, Life Insurance: Pvt insurers see strong growth in premiums, Alera Group Acquires Behling Insurance Agency in Utah, State Farm Returning $400M to California Auto Customers, Report: more insurance M&A activity in 2020 than anticipated, Aon estimates winter weather economic loss to exceed $10bn+, StockWatch: Argo rally continues for fifth week, Insurance premium tax raised £6.5bn in 2019/20, 'Brokers are critical to restoring policyholder trust’, Hertz Sued by Michigan Man over Receipt That Cleared Him of Murder, Louisiana Woman Accused of Selling Fake Auto Policies on Facebook Marketplace, California Commissioner Says Insurers Overcharged Drivers During Pandemic, Nashville Looks to Settle Fatal Police Officer Shooting for $2.3M, Big Businesses Back South Carolina Hate Crime Bill, Marine war market pushes rate after $60mn Israeli ship loss swerved, Lawsuit: Paraplegic Inmate Denied Shower for 5 Months in St. Louis Jail, 4m Items Lost, Stolen or Damaged During Home Moves Last Year, Insurers, Reinsurers Prepare for Battle Over UK COVID-19 Business Payments, Facial Recognition Company Sued by California Activists, Minnesota Insurance Licensing Exams Now Available Online, Families of Boeing Crash Victims Renew Push for FAA Changes, Monte Carlo RVS opens for 2021 registrations, Lawsuit Against Reno Over Flooding of Homes Now in U.S. Court, EDPB discusses EU-UK adequacy decisions and publishes details of its 46th Plenary Session, School Open After Accidental Explosion; Teen’s Dad Charged, Town North of Honolulu Evacuated as Stream Floods, Monte Carlo Rendez-Vous 2021 opens for bookings, PLSA response to the DWPs climate risk consultation, Esure swings back to profit as insurer aims to ‘leapfrog’ rivals, Homeowners’ Suit of Reno Over Flooding Now in U.S. Court, California’s Five Largest Counties Forecast Looser Virus Rules, Overhaul of UK product safety regime: OPSS call for evidence, New content: whistleblowing policy for financial services firms, EDPB statement on COREPER's negotiation mandate on draft E-Privacy Regulation, Philadelphia Doctor Charged in Accidental Overdose Death of Patient, Google Hires Deloitte’s Walsh to Lead North American Insurance Business, Aviva increases tender offer to GBP1 billion amid strong demand, When hairdressers will open in Wales and the other lockdown rules easing. 8 March 2021. Get the insurance industry's trusted newsletter. Visit BBC News for up-to-the-minute news, breaking news, video, audio and feature stories. Latest insurance market news Beazley launches SPAC D&O underwriting initiative. Every story from every site is brought to you automatically and continuously 24/7, within around 10 minutes of publication. Zurich has outlined bold plans to be a net-zero emissions company by 2050 which include fully decarbonising its $200bn asset portfolio and the development of science-based targets for underwriting. iPMI Magazine Provider Network Directory March 2021. Supreme Court judgment fires starting pistol for Covid-19 reinsurance battle, Why hurricane risk modelling has to change, Judgment Day II: What to expect from the appeal of the FCA test case…, SolarWinds exposes cyber risk assessment gap, Shift in “risk perception” to sustain pricing momentum in 2021, Building financial resilience for pandemics, Cleary: Reinsurers must brace for mounting Covid-19 disputes, Appeal: What to expect as the FCA test case heads to the Supreme Court. Brought to you by: Home / International. We connect the dots, making sense of (re)insurance developments. Please try different keywords. International & Reinsurance News. Go to Insurance News Home Page. Can parametric insurance help build disaster resilience in the US? To see how, and to learn how to control cookies, Video content. BI test case: Implications for the insurance market. Submit . Worldwide Insurance, Reinsurance and Insurance Brokerage Industry to 2030 - Players Include AXA, Allianz and Generali Among Others - ResearchAndMarkets.com Read full … Insurance News NewsNow aims to be the world's most accurate and comprehensive aggregator of insurance industry news, covering the latest company updates, press releases and more from the best online news publications. International Private Medical Insurance Magazine News Menu . by John Hewitt Jones | March 9, 2021 . Wales lockdown rules: What are the latest 'stay local' restrictions? Three insurance industry-related companies announced go-public transactions through special purpose acquisition company (SPAC) combinations last week, with no sign that the surge of investor interest in the vehicles will lose momentum, helping to drive sky-high valuations. The 56th International Insurance Society (IIS) Global Insurance Forum is taking place on June 8 – 10, 2020 in New York and will bring together thought leaders from all sectors of insurance and all regions of the globe to discuss the future of the insurance industry. Attracting 2,000 guests from all over the country, the BIAs are truly a night for the whole insurance community. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website (Cookie Policy). Share this page Share on Facebook Share on Twitter Share by email. All rights reserved. KBW has lifted its target share price for Generali after the Italian insurer announced a return to shareholder payouts and beat projected profit forecasts for 2020. cookies to improve your experience and customise advertising. UK GDP shrinks 2.9 pct amid pandemic lockdown, drop in exports to EU due to Brexit, Sarah Everard: Human remains confirmed as those of missing woman, Human remains found in Kent confirmed as Sarah Everard, Reclaim These Streets organisers seek legal challenge over ‘about-face by police’, Organisers of Sarah Everard vigil challenge Met's decision to ban it, Novavax Covid vaccine prevents 100% of deaths from UK and South African variants in trials, Novavax's COVID-19 vaccine was 89.7% effective in a large trial, and worked against the, Nigeria: Gunmen storm college, abduct several students, Gunmen abduct at least 30 students from school in northwestern Nigeria, England's Covid-19 infections continue to fall, hitting lowest rate since September as country prepares to leave, UK forced to delay checks on imports from EU by six months, More countries suspend AstraZeneca COVID-19 vaccine over clotting cases, Bulgaria latest to halt AstraZeneca vaccine; WHO says no need, Biden holds first summit with leaders of ‘Quad’ to counter China, Biden says free Indo-Pacific essential as he meets India, Japan, Australia leaders, With eyes on energy, Turkey resumes official contacts with Egypt, Turkey says first diplomatic contact held with Egypt since 2013, Van cars with insurance for sale in London, Cars with insurance for sale in Birmingham, Van cars with insurance for sale in Birmingham, Cheap cars with insurance for sale in London, Cheap Van cars with insurance for sale in London, Cheap cars with insurance for sale in Birmingham, Cars with insurance for sale in Manchester, Van cars with insurance for sale in Manchester, Gold cars with insurance for sale in London, Minibus cars with insurance for sale in London, Insurance Business Analyst jobs in London, Taxi cars with insurance for sale in Birmingham, The body found hidden in woodland in Kent has been identified as that of Sarah Everard, UK exports to the EU have plunged by £5.6bn in the first month since Brexit, Royal Mail is to trial Sunday parcel deliveries, Netflix has confirmed a crackdown against password sharing, A Premier League manager is reportedly set to leave his job after four years in charge, Hairdressers will open from Monday under lockdown easing plans in Wales, Forgot your password? Toggle navigation Sections News; Daily; Local; Corporate; Regulatory & Government; Life Insurance; The Professional; International; Analysis ; Subscribe to Insurance News; Read the magazine online; Got something to tell us? Carbon’s Card: 35% SIAB expense ratio a “challenge”, Efficient and innovative MGA model drives strong growth in US program sector: Jameson, E&S barriers to entry will limit impact from start-up capital: Iglesias, Caribbean reinsurance-buying habits evolve in light of losses: Swiss Re’s Müller, Insurtech valuations soar with investors hungry for more Hippos, Florida carrier annual statements reveal 2020 pain. Sign up to our mailing list +44 (0) 20 3551 6634. INTERNATIONAL HEALTHCARE . All news Home & garden Technology Money Baby & child Cars Travel Consumer Rights Coronavirus. Written on Tuesday, 09 March 2021 15:11 in iPMI Magazine Breaking News. Allianz Partners Adds Epidemic Coverage To Travel Insurance Products Insurance News Net 18:01 8-Mar-21 Marsh Appoints Aon’s Bryant as U.S. Public Entity Industry Practice Leader Insurance … Money; Insurance; RAC launches worldwide car hire excess insurance: should you get it? All the latest SSP press releases, covering our latest broker, insurer, MGA and IFA partnerships, inside news and product announcements. Latest news from the marine insurance sector.