FM Global reveals new roles for senior leaders

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Broad joined FM Global in 1995 as a loss prevention consultant in Brisbane, Australia. He then undertook various roles in Seattle, Melbourne, Singapore, and the UK before returning to Melbourne as a claims manager. He eventually led FM Global’s middle-market unit, AFM, in Sydney before being appointed as the vice president and manager of the company’s Australian operations.

 

Broad has a bachelor’s degree in mechanical engineering from Swinburne University, Melbourne, Australia, and a diploma of loss adjusting from the Australian and New Zealand Institute of Insurance and Finance (ANZIIF).

David M. Johnson, a specialist in forest products risk

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Hong Kong insurance industry sees 2.2% dip in premium income

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Hong Kong’s Insurance Authority (IA) has released provisional statistics for the first half of 2021, showing a 2.2% year-on-year decrease in total gross premiums to HK$307 billion (SG$53 billion).

Total revenue premiums of in-force long-term business were HK$273.6 billion in the first half of 2021, down 2.4% from the same period last year. Of these, HK$226.2 billion came from individual life and annuity (non-linked) business, HK$20.2 billion from individual life and annuity (linked) business, and HK$23.9 billion from retirement scheme business. Notably, the linked business grew by 59.2%, while the others decreased by single digits.

New office premiums (excluding retirement

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Worldline offer crypto payment to 85,000 merchants in Switzerland

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Worldline and Bitcoin Suisse have announce the go-live of their omnichannel crypto payment solution for the more than 85’000 Swiss merchants in the Worldline network.

Now all merchants in Switzerland using the Worldline POS and e-commerce payment services can let their clients pay in Bitcoin and Ether as easily as other traditional payment options.

As the largest and most popular cryptocurrency in the world, Bitcoin has gained wide interest in recent years.

The integrated service offered by Worldline and Bitcoin Suisse, named WL Crypto Payments, lets merchants accept Bitcoin and Ether as a payment option at the POS and in

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Swiss Re Corporate Solutions partners with risk analytics provider

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Swiss Re Corporate Solutions has announced a partnership with Reask, a tropical cyclone risk analytics firm, to expand its parametric windstorm product, STORM. Swiss Re Corporate Solutions will utilise Reask’s advanced wind speed data to provide tropical cyclone coverage to corporate and public entities.

STORM, initially launched in hurricane-prone areas of the US and the Caribbean, uses the highest reported wind speed at defined locations as a trigger. It pays out quickly and is often used to address traditional marketplace limitations or as a standalone risk transfer option, the insurer said. Like other parametric products from Swiss Re  Corporate Solutions,

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