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  • Largest US insurance claims administrator rebrands in Japan and Korea

    Sedgwick has integrated its operations, colleagues and services in Japan and Korea following its acquisition of Cunningham Lindsey last year. Cunningham Lindsey in Japan and Korea will now operate under the Sedgwick name, according to an official announcement.

    Latest News | 26 Mar 2019
  • Global specialist reinsurer acquired in estimated $1.5bn deal

    RenaissanceRe has concluded its acquisition of Tokio Millennium Re (TMR) after receiving all necessary regulatory approvals. The acquisition was originally announced in October 2018 after RenaissanceRe entered into an agreement with TMR's parent company, Tokio Marine.

    Latest News | 26 Mar 2019
  • Life insurers struggle to adopt new financial reporting standards: Report

    According to a new report by A.M. Best, the financial reporting of insurers has long been considered problematic for the image of insurers since external financial reporting varies across products, territories and other factors.

    Latest News | 25 Mar 2019
  • EUR2.28bn profit boosts reinsurance giant's ambitions

    Munich Re saw a significant jump in its profit from EUR392m ($446m) in 2017 to EUR2.28bn in 2018, with its reinsurance business contributing EUR1.86bn and ERGO business posting a profit of EUR412m.

    Latest News | 22 Mar 2019
  • Insurer's asset management subsidiary announces senior appointments

    Aviva Investors, the global asset management unit of Aviva, has appointed Mr Paul LaCoursiere as global head of ESG research within its global responsible investment team. In this newly-created role, Mr LaCoursiere will be based in London and report to chief responsible investment officer Steve Waygood.

    Latest News | 21 Mar 2019
  • Growth of bancassurance slows in last two years: Report

    In the last two years, growth of the global bancassurance market has slowed, according to a recent study by McKinsey subsidiary Finalta.

    Latest News | 21 Mar 2019
  • Pool Re to provide non-physical damage terrorism cover

    Pool Re, Britain's leading terrorism reinsurer, recently published its fourth Terrorism Frequency Report, a quarterly view of the contemporary threat which is produced by the Terrorism Risk and Analysis Centre (TRAC) - the in-house expert analysis team at Pool Re.

    AIRPlus | 21 Mar 2019
  • Airlines need to do more to fight global warming

    Airlines are not doing much in the fight to combat global warming. A study, 'Management Quality and Carbon Performance of Airlines: March 2019' funded by Transition Pathway Initiative (TPI) has said that the airline sector makes a significant and fast-growing contribution to climate change. Currently it accounts for 2% of global CO2 emissions and 12% of transport-related CO2 emissions.

    AIRPlus | 20 Mar 2019
  • Insurers and banks underestimated digital transformation

    A new report by the Capgemini Research Institute has found that financial services firms are lagging behind in digital transformation compared to other industry sectors. Financial services firms report falling confidence in their digital capabilities and a shortage of the skills, leadership and collective vision needed to shape the digital future.

    AIRPlus | 20 Mar 2019
  • Gartner names top security and risk management trends in 2019

    Analyst firm Gartner has identified what it believes to be the seven emerging security and risk management trends for 2019, which are set to have an impact on security, privacy and risk areas. These trends are defined as ongoing strategic shifts in security that are not yet widely recognised, but could have a broad impact on the industry, causing significant disruption.

    Asia Risk | 20 Mar 2019

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