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- November 11 2024
Skuld announces 5% general increase for 2025 renewal
Any adjustments to the International Group of P&I Clubs excess of loss reinsurance programme will be added separately.
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- November 8 2024
Global funding for insurtech tops US$1.38bn in Q3 driven by AI-centred deals: Gallagher Re
The number of deals struck in Q3 2024 fell to 77, the lowest in nearly four years.
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- November 7 2024
Steadfast expands into London market with US$30m Lloyd’s broker HW Wood buy
The acquisition, which is expected to be completed on December 2, gives the Australian group full ownership of the target, including its operations in France and Greece.
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- November 7 2024
Trade war fears ignite as Trump sweeps into the White House
Even if heavy tariffs are not swiftly imposed, the threat of them is likely to make Chinese-US relations a lot more uncertain in the coming years and could hamper China’s economic recovery even further.
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- November 6 2024
Dubai emerges as a key player in the growing APAC (re)insurance market
While Singapore remains a formidable player in the global insurance market, its limited proximity to MENA markets may hinder its growth compared to the emirate.
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- November 1 2024
QBE closes US$1.6bn LPT deal with RiverStone International and Enstar
The deal was effective July 1 this year and includes non-core long-tail reserves that were not subject to prior reinsurance transactions and a small number of other portfolios of various subsidiaries of the insurer, including Lloyd’s syndicates.
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- October 31 2024
AUB Group to focus on building out its UK retail capabilities in FY 2025
The Australian broking group has combined the Tysers retail arm with Movo and Momentum to form a new UK retail unit, which will be led by recently named chief executive Bob Pybus.
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- October 31 2024
Steamship sets benchmark for P&I clubs with 5% general increase for 2025 renewal
The IG P&I club has also announced a capital distribution of 12.5% of the 2024-25 mutual P&I premium to its members who renew in 2025.
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- October 25 2024
Dali owner, operator reach US$100m settlement over Baltimore bridge collapse
Singapore-based Grace Ocean and Synergy Marine, the owner and operator of the cargo ship that struck the Francis Scott Key Bridge in the US earlier this year, have agreed to pay the amount to the US federal government.
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- October 23 2024
Generali expands underwriting restrictions to midstream, downstream oil and gas transition laggards
The restrictions, a first in the industry, will affect new liquefied natural gas (LNG) terminals, oil and gas pipelines and oil and gas-fired power plants and investments in new financial instruments issued by companies.
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- October 11 2024
BESS-wary markets look for leadership to bind risks
Renewables specialist GCube's CEO says the market has to facilitate insurance on a more consistent approach as more projects appear around the world.
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- October 7 2024
Carriers hop back on crypto bandwagon as local regulations, attractive rates beckon
While more (re)insurance providers have entered the market, the industry needs to guard against loose underwriting and opportunistic capacity.
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- October 4 2024
Mahindra Insurance Brokers opens Dubai office to tap MENA reinsurance growth
The expansion allows the reinsurance broker to tap into the Middle East and North Africa market, expand client base and explore new opportunities in the region.
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- October 3 2024
Optio Group acquires MGA Circles Group
The acquisition of the MGA that has offices in Hong Kong and Singapore is part of Optio's global expansion strategy.
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- September 30 2024
Fidelis eyes ‘BRICS+’ push with new property specialist MGA
The group's MGA platform Pine Walk has hired Kelly Sanders as CUO to found Seraphina, which will focus on international property business with a focus on the emerging markets.
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- September 24 2024
Climate change, green transition and geopolitics reshaping marine insurance
The growing importance of Asia underlined the 150th annual International Union of Marine Insurance conference where geopolitical tensions, extreme weather risks, and energy transition dominated discussions.
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- September 23 2024
Swiss Re CorSo elevates Devpriya Misra to APAC and global client solutions lead
Singapore-based Misra, who has been with Swiss Re CorSo for almost nine years, was most recently regional head customer management APAC for the firm.
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- September 20 2024
APAC reinsurers need to grasp ‘mighty cocktail’ of connected risks, says Russell Group
Asia underwriters are warned that they need to be on top of their risk exposures and fully appreciate the connection between loss events and all perils in a volatile trading environment.
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- September 19 2024
Australian, UK regulators greenlight Ardonagh’s takeover bid for PSC
The US$1.5bn scheme of arrangement to buy all the shares of the Australian broking group is now pending PSC's shareholders' and the court's approvals.
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- September 16 2024
Allianz Global Corporate & Specialty names AIG’s Thomas Lillelund as CEO
In his new role, Asia veteran Lillelund succeeds Petros Papanikolaou, who assumed the role of executive director of group strategic initiatives at Allianz.
