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International

Swiss Re takes further action on emissions

24 February 2020

Swiss Re has toughened up its response to the climate change threat by announcing a series of measures to cut carbon emissions...

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Allianz P&C arm suffers earnings fall

24 February 2020

The property and casualty arm of Allianz suffered an 11.9% decline in operating profit to €5 billion last year, despite producing increased revenues of €59.2 billion, up 6.8% from 2018...

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Axa XL takes steps to shore up earnings, appoints new CEO

24 February 2020

Paris-based insurer Axa has warned its bottom line will take a hit this year from costs aimed at shoring up earnings at Axa XL and announced it has appointed a new CEO to run the unit...

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Swiss Re profits up despite catastrophe impact

24 February 2020

Swiss Re's full-year net income has soared 73% to $US727 million, despite the group suffering a $US2.7 billion hit from natural and man-made catastrophes...

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Beale joins Crawford board

24 February 2020

Former Lloyd's CEO Inga Beale has been appointed an independent director of global claims management group Crawford & Company...

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Merger and acquisition deals climb to four-year high

24 February 2020

The number of mergers and acquisitions globally in the insurance industry rose 10% to 419 deals last year, the highest in four years, international law group Clyde & Company says...

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Renewables predicted to alter reliance on oil, mining

24 February 2020

The oil and mining industries make up around a third of demand for credit and political risk insurance, but that is set to change as interest in renewables rises, according to broker BPL Global...

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Lloyd's set to update market on performance progress

24 February 2020

Lloyd's says improvements to the way the market operates will become tangible this year as it moves ahead with a blueprint to cut costs and overhaul its performance...

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Airbnb, Uber 'blurring product lines'

24 February 2020

Analytics company GlobalData says the rise of sharing economy companies such as Airbnb and Uber pose both challenges and opportunities to insurance, blurring the lines for an industry which typically distinguishes between personal and commercial products...

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