Aon has appointed Wendy Knobels (pictured) to serve as a senior representations & warranties insurance broker. Knobels joins Aon’s representation & warranties insurance practice, which is under the company’s M&A and transaction solutions business. In her new role, Knobels will lead Aon’s representations & warranties insurance for its Western North American hub. She will be
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Zurich said that it has seen sustained success in writing insurance for private equity-owned companies, “and, with the market continuing to grow, it makes sense for the U.S. Middle Market unit to dedicate additional resources to this business.” “Private equity customers are unique customers with specific needs,” said Alex Wells, head of US middle market
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Talanx Group, the parent company of insurance brands HDI and Hannover Re, is “off to a good start” in 2021. That was how the German business described its performance when Talanx released the group’s financial results for the first quarter of the year. Here’s how Talanx fared in the period: Metric Result Growth from 2020
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The combination of different efforts by governments to vaccinate their populations against COVID-19, as well as the geographically varied return of passenger demand and aircraft service, point to a recovery that remains largely uncertain, McGill and Partners said. The company’s new report focuses on the impact of COVID-19 on the aviation industry and the long-term
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Anti-money laundering rules should not be applied to general insurance, according to the Global Federation of Insurance Associations (GFIA). It believes that general insurance poses almost non-existent risk of money laundering or the financing of terrorism. The GFIA published a position paper Thursday arguing that policymakers should follow the risk-based approach promoted by the Financial
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To offer a major competitive boost in the umbrella insurance market, Applied Underwriters has created a national facility for insurers – specifically those rated financially secure by insurance rating agency Demotech. Through the new Applied Underwriters program, Demotech-rated insurance carriers can secure umbrella and excess coverages under the facility. It will provide an advantage to
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Identity theft – specifically linked to unemployment – jumped to astronomical levels last year during the COVID-19 pandemic, according to data from Allstate Identity Protection (AIP) – Allstate Insurance’s identity theft insurance business. The report found that unemployment fraud in 2020 increased by more than 17,000%. Tax fraud also increased last year, by 258% more
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AIG’s general insurance business reported gross written premium (GWP) of $10.7 billion in the three moths ending March 31, 2021 – a 6% increase from the $10.1 billion in Q1 of 2020. The Group’s general insurance combined ratio was 98.8%, inclusive of catastrophe losses, marking a 2.7-point improvement from 101.5% in the first three months
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Article 0 Comments You are no longer to supply the people with straw for making bricks; let them go and gather their own straw. But require them to make the same number of bricks as before. Exodus 5:7-8a Washington’s Gov. Jay Inslee’s emergency rule to ban auto insurers from using credit information in pricing calculations
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Article 0 Comments This post is part of a series sponsored by The Hanover Insurance Group. The small commercial market offers tremendous opportunities for agents to increase their market share more than ever before, particularly for those who leverage technology to effectively and efficiently serve their customers. However, it is critical these technologies enable, rather
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Entries for Insurance Business America’s Top Insurance Employers 2021 close this Friday, May 07. Readers still have the time to nominate their organizations for a chance to be named on this hotly anticipated list via this online form. The form asks questions based on several metrics which include culture, diversity, compensation, benefits and others. Participation
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FM Global said that unlike other earthquake hazard maps that show only the ground shaking for a fixed return time, its Worldwide Earthquake Map directly incorporates soil effects and building structural performance to map the return times of ground motions that will damage weak buildings. This, it added, allows organizations to consistently compare earthquake risk
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AXA has reported strong growth during the first quarter of 2021 – with total revenues up 2% to 31 billion euros. This performance was underpinned by sustained growth in AXA’s preferred segments, with P&C commercial lines up 4%, health up 5%, and continued positive flows and a favorable mix in L&S. “AXA XL performed well
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