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Allianz AGCS announces launch of new value-added services
19th November 2019
Allianz Global Corporate & Specialty (AGCS), insurance giant Allianz's corporate insurance arm, has announced the establishment of AGCS Services, a new business initiative designed to provide value-added services to its corporate clients. AGCS explains that the offering includes risk consulting, captive fronting and crisis management solutions, and will initially be launched ... Read the full article
Allianz AGCS announces CEO succession amid leadership changes
14th November 2019
Allianz Global Corporate & Specialty (AGCS), Allianz's specialist carrier for corporate insurance business, has announced that Joachim Müller will replace Chris Fischer Hirs as Chief Executive Officer (CEO), effective December 1st, 2019. It was revealed in the media recently that AGCS CEO Fischer Hirs had departed the firm, and the ... Read the full article
Swiss Re Corporate Solutions names Head of Customer Experience
13th November 2019
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re Group, has appointed Loredana Mazzoleni Neglén to the role of Head Customer Experience & Global Sales Steering, effective 1 February 2020. In this newly created role, Mazzoleni Neglén will be responsible for helping SRCS to better address customer ... Read the full article
Côte d’Ivoire receives $745k ARC payout after rainfall deficits
12th November 2019
The African Risk Capacity Insurance Limited, a financial affiliate of provider of parametric sovereign disaster risk insurance to African nations, African Risk Capacity (ARC), has paid out $745,000 to the Government of Côte d’Ivoire after rainfall deficits in the 2019 agricultural season. In September of this year, ARC's parametric tool, Africa ... Read the full article
Zurich reports P&C premium growth, improved pricing
7th November 2019
Zurich Insurance Group has reported 2% growth in property & casualty (P&C) gross written premiums for the first nine months of 2019, with further rate acceleration in the third quarter. Adjusting for currency movements, acquisitions and disposals, this translated to 7% on a like-for-like basis, with growth coming from all regions. The ... Read the full article
Greg Solomon joins Peak Re as Head of Life & Health
7th November 2019
Hong Kong based global reinsurer Peak Reinsurance Company Limited (Peak Re) has announced that Greg Solomon has joined the company as Managing Director of Life & Health, effective November 1, 2019. Solomon arrives from Willis Towers Watson, where he was in charge of Life & Health Reinsurance Broking for all of ... Read the full article
Chedid Re appoints Lazhar Charfeddine to general manager role
4th November 2019
Facultative reinsurer Chedid Re has announced the appointment of Lazhar Charfeddine to oversee the firm’s portfolio in North and West Africa as general manager. Charfeddine brings over 30 years’ experience and joins from Abu Dhabi National Insurance Company, where he served as executive vice president of claims, reinsurance and engineering services. Prior ... Read the full article
Brokerslink adds Middle East regional manager
25th October 2019
Independent broker network Brokerslink has announced the appointment of Osama Abu Ghazaleh as Middle East regional manager, as the firm looks to increase its focus on the region. Both the Middle East and African regions were previously represented by Tiago Mora, until Brokerslink Chairman José Manuel Fonseca announced that the two ... Read the full article
ARC and UNCCD to collaborate on drought, extreme weather resilience
24th October 2019
The Africa Risk Capacity (ARC), the parametric development insurance provider, is once again collaborating with the United Nations (UN) to develop financial tools to help Africa become more resilient to drought and other extreme weather events. This year alone, more than 45 million people across Africa are food insecure as a ... Read the full article
Lloyd’s & Habitat for Humanity GB target braver, more resilient communities
21st October 2019
The specialist Lloyd's of London insurance and reinsurance marketplace has entered into a new partnership with Habitat for Humanity Great Britain, designed to help create braver and more resilient communities in climate risk areas. The Lloyd's Charities Trust has launched the new disaster resilience partnership with Habitat for Humanity Great Britain, ... Read the full article
Turbulent MENA market both a challenge & opportunity: AM Best
11th October 2019
Increased turbulence across a Middle East and North Africa market characterised by challenging conditions, overcapacity, and a rise in large loss activity is creating challenges for some and opportunities for others, according to a recent report by AM Best. The ratings agency had warned earlier this year that re/insurers operating ... Read the full article
Brokerslink bolsters European operations with new steering team
9th October 2019
Independent broker network Brokerslink has established a European steering team to support its operations in the region. The steering team will be tasked with supporting the global expansion of the Brokerslink network and strengthening communications between European brokers. It will also help to develop niche products and new services with Brokerslink’s partner ... Read the full article
Liberty Mutual Re expands footprint in Continental Europe
7th October 2019
Liberty Mutual Reinsurance has announced a series of changes to the structure of its financial risks reinsurance team following the acquisition of Nationale Borg Reinsurance (NB Re) from AmTrust earlier this year. First announced in April, the agreement saw LM Insurance Group acquire four AmTrust businesses: AmTrust Surety; AmTrust Insurance ... Read the full article
AXA XL launches vehicle interruption cover for UK Uber drivers via new platform
4th October 2019
AXA XL has announced the launch of Vehicle Interruption Cover, an innovative, on-demand insurance solution designed to protect Uber drivers across the UK against a loss of earnings due to their vehicle being immobilised after an accident. The new solution works alongside Uber's newly implemented UK loyalty programme, UberPro, and provides ... Read the full article
WEF survey ranks cyber, fiscal crises as top concerns for execs
3rd October 2019
A comprehensive survey conducted by The World Economic Forum has identified cyber attacks and fiscal crises as the primary risks to doing business at a global scale. Covering nearly 13,000 executives from 130 countries, the survey results show that three of the top five risks are economic-related with “unemployment or underemployment” ... Read the full article