Howden links up with ocean clean-up organisation

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“Plastic pollution is a major risk to the health of our oceans and wildlife, and, potentially, to human health. Plastic accounts for 12{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} of total oil consumption, so using it is also directly contributing to climate change,” said David Howden, the chief executive officer of Howden Group Holdings.

“Based on SCS’s estimations, if our 8,500 employees reduce their plastic consumption by just 25{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, that’s a reduction of over 23,000kg annually. While reducing plastic consumption to zero may not be feasible at this stage, for the plastic we do continue to use, Seven Clean Seas’ offsetting initiative will allow us to

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Zurich receives Syariah general insurance licence in Indonesia

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Zurich General Takaful Indonesia (Zurich Syariah) has received regulatory approval to operate as a Syariah general insurance company, offering products compliant with Islamic laws.

Zurich Syariah came into existence after the Swiss insurance group acquired 80{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} of Asuransi Adira Dinamika Tbk (Adira Insurance) in November 2019. Adira Insurance will transfer its existing Syariah portfolio to Zurich Syariah, making it the largest international provider of Syariah insurance products in Indonesia.

“We see tremendous opportunity in the Syariah insurance segment given that Indonesia is home to over 270 million people and has the largest Muslim population in the world,” said Hilman Simanjuntak,

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McGill and Partners enhances facultative reinsurance team with new hire

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McGill and Partners, a boutique specialist (re)insurance broker, has announced that David Cousar will join its facultative reinsurance team in 2022.

Cousar began his insurance career as a property underwriter at Legal & General before moving to direct writing reinsurers National Re and General Re. He has spent 26 years in the insurance industry, with the last 21 years as a facultative reinsurance broker across several broking firms in senior roles. 

Cousar was also part of the team responsible for establishing Willis Re Fac and led teams at Lockton and Howden.  In 2014, he moved to Singapore to lead the

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Fairfax announces “very strong” underwriting result

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Fairfax Financial Holdings has reported its results for the second quarter of 2021, which it described as “very strong”.

The insurer posted net earnings of US$1,201.4 million (US$43.25 net earnings per diluted share after payment of preferred share dividends) for Q2 2021. By comparison, it posted net earnings of US$434.9 million (US$15.26 net earnings per diluted share after payment of preferred share dividends) in Q2 2020.

“In the second quarter of 2021, all of our major insurance companies achieved a combined ratio well below 100{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, with Northbridge and Zenith National leading the way at 84.7{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} and 92.7{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} respectively. Our consolidated

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