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Athora before tax profits rise for fiscal 2022

Bermudian-domiciled Athora Holding Ltd, an insurance and reinsurance group focused on the European market, has reported a €488 million ($531 million) profit before tax for fiscal year 2022.
That is a ...

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Life reinsurers welcome new BMA framework

Michelle Moloney, chief risk officer at Pacific Life Reinsurance, last night welcomed proposed enhancements to the regulatory regime for life reinsurance, but joked that she had to “think a little mor...

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Athene rebrands fleet management company as Wheels

A new, unified fleet management business majority owned by Bermudian-based Athene Holding Ltd, the financial services company, has been rebranded as Wheels.
The announcement follows completion of the ...

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Sumitomo subsidiary completes first reinsurance transaction

Symetra Financial Corporation, a wholly owned subsidiary of Sumitomo Life Insurance Company, has established Symetra Bermuda Re Ltd.
The new operation will reinsure certain risks of Symetra Life Insur...

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Fitch says 2023 recession will mean near double digit inflation

American insurers will have to face some harsh economic realities affecting the broader market in the year ahead, analysts say.
A Fitch Ratings overview of the outlook from analysts during Fitch Ratin...

United-states , American , Jamie-tucker , Brad-ellis , Fitch-ratings , Fitch-rating , American-insurance-conference , Jim-auden , Economic-indicator , Nsurance , Ong-term-insurance

Major insurance companies under the whip

The Competition Commission raided the offices of eight major insurance firms this afternoon over alleged collusion and price fixing.

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Insurers expect to see more cancer claims after Covid-19 delayed checks

The insurance industry could see a larger number of cancer claims over the next year as people become more comfortable visiting medical facilities again for their delayed checks and receive their diagnosis.

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Magic microdosing and what it may mean for your insurance policy

The sweeping psychedelic microdosing movement especially popular with young people is new, it’s experimental, and it may do a lot of good.

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Life insurance industry faces some tough business decisions going forward

The life insurance industry would face some tough business and moral decisions in the next few months, according to KPMG South Africa’s South African Insurance Industry Survey for 2021 released last week.

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