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May 2015

Global News


World Bank looks to offer (re)insurance options

The World Bank has announced that it would significantly expand the range of disaster risk transfer, management and financing options it offers to clients to include insurance and reinsurance coverage.


Lloyd's reports GBP3.2 billion profit for 2014

Lloyd's has announced that it made a pre-tax profit of GBP3.2 billion (US$$4.76 billion) for 2014, driven by a relatively benign year for major natural catastrophes, favourable prior year development, and an improved return investment return.


Germanwings crash adds further pressure on aviation war sector - A.M. Best

The March crash of a Germanwings carrier may well put further pressure on the beleaguered aviation war sector, said A.M. Best.


XL Group and Cobalt Underwriting launch Shariah-compliant equine product at Lloyd's

XL Group, together with specialist Shariah-compliant managing general agency Cobalt Underwriting, has launched a takaful product available through Lloyd's of London.


Brokerslink restructures in view of new business model

Following its change in business model from a not-for-profit association to a for-profit organisation, global independent insurance broker network, Brokerslink, recently announced a restructure of its Board of Directors.