News Page 387 / 1349
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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 25 2024
Exclusive: Aon bolsters India treaty team with ICICI Lombard hire
Vidisha Singhal joins the broker as head of account management and will lead the team to support placements for property, agriculture and life and health clients.
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- October 25 2024
Dual Australia promotes Daniel Brown to head financial lines team
Sydney-based Brown was most recently New South Wales manager for the Howden-owned MGA.
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- October 25 2024
Taiping Singapore could see volatile underwriting, investment results impact earnings: AM Best
AM Best has affirmed an insurer rating of A (excellent) with a stable outlook for the company, primarily driven by a strong balance sheet.
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- October 25 2024
Opinion: Are we finally transitioning to a new era for energy risks?
It’s important to mind the downsides when we think of the hard choices that need to be made on the road to net-zero.
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- October 25 2024
Pacific rates drop 6% in Q3 driven by declines in finpro, cyber and property lines: Marsh
Finpro premiums was down 14%, while cyber cover saw a 11% disclose and property declined 6% as increased competition and capacity weighed on ratings.
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- October 24 2024
IAG on track to deliver FY 2025 guidance: CEO
The Australian carrier has guided an insurance margin of 13.5-15.5%, and GWP growth of ‘mid-to-high single digit' in the current financial year.
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- October 24 2024
Asia insurance rates drop 4% in Q3 led by finpro and cyber lines: Marsh
Finpro lines have seen decreases up to 30% in some cases as continued lack of activity in the capital markets limited insurers' opportunities for new business, according to the latest Global Insurance Market Index by the broker.
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- October 24 2024
Lloyd’s launches disaster risk facility for Pacific island nations
The vehicle, developed with Aon and the UN, aims to be replicated throughout the Pacific region as well as Asia, the Caribbean and Africa.
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- October 24 2024
China launches new insurance scheme to support cross-border commerce: report
Insurance companies can offer tariff guarantees for cross-border businesses, eliminating the need for them to use physical collateral or pay large tariff deposits to banks.
