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Insurance

Insurer AXA says made investment portfolios greener in 2019

LONDON (Reuters) – French insurer AXA (AXAF.PA) said it reduced the temperature score of its investments in 2019, bringing them closer to alignment with the targets of the Paris Agreement on climate change. The so-called “warming potential” of its investments, a measure of their contribution to climate change, had fallen […]

Insurance

Texas auto insurers sitting on windfall of up to $869m

By Amir Sadiq With COVID-19 driving down automobile activity, auto insurers in Texas could reap a windfall estimated between $606m and $869m, according to non-profit organisation Texas Appleseed (Appleseed). The organisation’s research has found that since March, weekly accidents in Texas declined by an average of 43%. However, about a […]

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Re-thinking strategy, bracing up for recapitalisation

Adeleke Insurers have enough time to consider embracing the window of merger and acquisition. Irrespective of what the economy and pandemic are saying, operators should brace-up, re-think their strategy, refocus their plans and hit the ground running. Managing Director Lancelot Ventures Limited, Adebayo Adeleke

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Tasks before Commissioner for Insurance

Smart Once again, let me use this opportunity to congratulate the new Commissioner for Insurance, Sunday Thomas on his appointment as the Commissioner for Insurance. He is a thorough bred professional and a round peg in a round hole. For me, his priority should be market development. He should come […]

Insurance

Facebook: Aviva and Intercontinental Hotels Group pause ads

Aviva Facebook and Holiday Inn brandsImage copyrightGETTY IMAGES By Jane Wakefield Technology reporter Two leading UK firms – the insurer Aviva and the Intercontinental Hotels Group (IHG) – have become the latest to “pause” advertising on Facebook. They join Ford, Adidas, HP, Coca Cola, Unilever and Starbucks, which have all […]

Insurance

Reinsurance renewals realities during a pandemic

By Amir Sadiq While insurers were able to secure sufficient reinsurance capacity at the 1 June and 1 July renewals supported by adequate reinsurance capital, the shadow of unrealised COVID-19 losses continues to loom over the industry, with the global reinsurance market exercising more caution in these unprecedented times. The […]