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Specialty tag returned 82 results

  • UAE: IGI to launch intellectual property insurance

    International General Insurance Holdings Limited (IGI) is expanding its portfolio of business with its launch of intellectual property (IP) insurance.

    Middle East | 12 May 2019
  • Malaysia: Global insurer sets up retakaful window

    The Labuan branch of Allied World has established a retakaful window which will cater to both consumer and commercial general retakaful prospects. The window spans across property, casualty, professional lines, healthcare liability, marine cargo, construction and engineering as well as group personal accident.

    Asia | 03 May 2019
  • Global: Lloyd's reveals new strategy to lower cost of doing business

    To keep up with a dynamic risk environment and rapid advancements in technology, specialist insurance and reinsurance market Lloyd's has published a new strategy dubbed 'The Future of Lloyd's'. Described as 'bold', the strategy seeks to mark the next phase of consultation and blueprint development involving Lloyd's unique ecosystem of market participants, customers and other stakeholders. Based around six initiatives, the market will start building and delivering prototypes and full services from October 2019, with some operational in early 2020.

    Asia | 03 May 2019
  • Insurance covers only 16% of $1bn in potential losses for intangible assets: Study

    A global study from Aon and the Ponemon Institute revealed that organisations lacked significant insurance coverage for their intangible assets including cyber liability as well as intellectual property such as patents, trade secrets, copyrights, proprietary information and know-how.

    Asia | 02 May 2019
  • Australia: Lloyds' (re)insurer plans Asia-Pacific expansion with new Sydney office

    As part of its ongoing efforts to expand in the Asia-Pacific region, global specialty lines (re)insurer Canopius announced plans to open an office in Sydney to underwrite business in time for the 30 June renewal season. Subject to regulatory approval, the Sydney operation will provide a local underwriting hub for business in Australia and New Zealand. It will target a combination of SME business via coverholders, wholesale direct and facultative as well as reinsurance treaty business.

    Asia | 02 May 2019
  • Qatar: QIC reports 15% increase in net profit in 1Q2019

    Qatar Insurance Company (QIC) has reported a net profit of $75m for the first quarter of 2019 compared to $65m in the same period in 2018, according to a press statement. This 15% increase is attributed to improving underwriting results and resilient investment income.

    Middle East | 01 May 2019
  • Global: Stephen Catlin and Paul Brand launch new specialty (re)insurer

    Convex, a new (re)insurance start-up founded by veteran industry experts Stephen Catlin and Paul Brand, debuted yesterday with an A.M. Best rating of A- (Excellent) as well as regulatory approval to operate in London and Bermuda. The company will underwrite insurance and reinsurance for complex specialty risks across a diversified range of business lines.

    Asia | 01 May 2019
  • Lloyd's responds to unacceptable behaviour in the market

    Following reports of sexual harassment against women in Lloyd's last month, the specialist insurance market has taken critical steps to create a safe and inclusive working environment for all. As part of its action plan, Lloyd's recently announced two new measures - setting up its first bullying and harassment support line and updating the rules of access.

    Latest News | 15 Apr 2019
  • Chinese (re)insurer completes deal

    After receiving local regulatory approval, China Re has completed the acquisition of a Chaucer-related company in Australia, SLE Holdings on 11 April 2019. Chaucer is part of The Hanover Insurance Group, a holding company for several property and casualty insurers.

    Latest News | 15 Apr 2019
  • Global: Geopolitical instability turns up the heat on the energy industry

    2019 is likely to be one where nascent trends of geopolitical instability continue to foster uncertainty and hazards in the energy market landscape, according to a report by Willis Towers Watson (WTW), a leading global advisory, broking and solutions company.

    Middle East | 14 Apr 2019

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