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D-day for Euler Hermes delisting revealed | Insurance Business

Shares of the world’s leading trade credit insurer will be delisted from the Euronext Paris stock exchange two days from now. The news was revealed by Allianz Group, whose swoop for the remaining shares of Euler Hermes will be completed on April 27 as the squeeze-out procedure is implemented. The buy-out, at €122 per share, does not include the 619,189 treasury shares held by Euler Hermes. “This operation is an important step in

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Insurance News 

How insurance brokers can avoid burnout | Insurance Business

A top professional advisor has warned ambitious brokers that they may be doing serious damage to themselves and their business if they don’t pay attention to their mental wellbeing. “I like to use the term The Kamikaze Effect in finance and peak performing companies – where people literally put their body on the line for the business,” says global coach Nikki Fogden-Moore. Search and compare insurance product listings for

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Insurance News 

Weald Risk Partners no longer a division at Castel Specialty | Insurance Business

Weald Risk Partners is no longer a division within the Castel Specialty portfolio, having been ‘promoted’ and venturing out on its own. That means Castel Underwriting Agencies now has a new underwriting cell, as Weald Risk Partners becomes a standalone business. The forestry specialist is headed by Gordon Steward, the first underwriter to come onboard when Castel Specialty was launched in October 2016. “Castel’s

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Insurance News 

Sompo International gets regulatory nod for post-Brexit unit | Insurance Business

It’s official – Sompo International is heading to Luxembourg before the Brexit dust settles to set up a European commercial property and casualty subsidiary. The Bermuda-based specialty provider of P&C insurance and reinsurance has received regulatory approvals from the Ministry of Finance of Luxembourg to bring SI Insurance (Europe), SA (SIIE) to life. The parent firm said SIIE serves as a well-capitalised underwriting platform that will cater to clients across the European

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Insurance News 

Still confused about GDPR? Beazley to give policyholders expert access | Insurance Business

We’re only a month away from the implementation of the General Data Protection Regulation (GDPR); unfortunately, the questions have not stopped coming. You can ask the Beazley Breach Response (BBR) services team, which has been fielding enquiries, and they will tell you that a knowledge gap exists. To address this, given the May 25 D-day, Beazley has partnered with DAC Beachcroft to give its BBR policyholders in the UK access to the international law firm’s GDPR experts. The

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Insurance News 

Sedgwick names new Ireland CEO | Insurance Business

The times are definitely changing in the risk and benefits space with claims management giant Sedgwick on an appointment drive since completing its deal for Cunningham Lindsey last week. Having already made numerous appointments in the UK, the firm has now announced a new CEO in Ireland – with Malcolm Hughes to take the role. Hughes is set to lead 400 Irish colleagues and drive the company’s strategic push in

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Insurance News 

CFC Underwriting picks up Royal accolade | Insurance Business

CFC Underwriting, the London-based MGA, is celebrating today after Her Majesty The Queen approved the UK Prime Minister’s recommendation that it should receive a Queen’s Award for Enterprise in the international trade category. Announcing the award success, CFC outlined how winners in the category are recognised for having demonstrated a “substantial and sustained increase in export earnings over three consecutive 12-month periods, to a level which is outstanding for the

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Insurance News 

Is RSA heading for «best in class» – Jeffries verdict | Insurance Business

The verdict is in on major insurer RSA – with Jeffries International Limited giving it a “HOLD” rating. The firm outlined the insurer’s “gruelling journey” from “self-help” to “best in class” and determined that while the latter is not beyond its reach, there is “little margin for error”. In particular, it pointed to its UK business slipping away

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Insurance News 

Sedgwick names team in charge of UK operations | Insurance Business

Now that Sedgwick Claims Management Services has grown after snapping up Cunningham Lindsey, the firm has announced who will be in charge of the combined business operations in the UK. Ian Muress (pictured) came onboard in January as chief executive of international operations and is in charge of providing executive oversight for all of Sedgwick’s business units outside the United States and Canada. The London-based industry veteran is supported by Stewart Steel in his capacity as UK

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