UAE: Insurers explain need for motor premium hikes

Published on July 1, 2024
The Emirates Insurance Federation, referring to hikes in motor insurance premiums, has said that it is natural for insurance companies to raise their premium rates to compensate for losses and to
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Argenta Holdings closes Sydney office, moves operations to London

July 1, 2024
Argenta Holdings Ltd, a subsidiary of Hannover Re, has recently announced the immediate closure of the Sydney office of its Service Company, Argenta Underwriting Asia Pte Ltd, which operates on the Lloyd’s Australia platform.Following a review of its underwriting activities in Australia, the business currently managed in Sydney, as well as future business, will now be handled from London.The other

Resilience doubles US client cyber insurance limits

July 1, 2024
Cyber risk solution company Resilience has doubled the cyber insurance limits it can offer to clients in the US to $20 million per client.The agreement to expand Resilience’s limit capability was reportedly brokered by Lockton Re and utilises Resilience’s existing coverholder partnership with Lloyd’s.“The additional $10 million in excess limits supported by underwriters at Lloyd’s, can be deployed