Financial Conduct Authority v Arch Insurance (UK) Ltd & others

R.E.A. Holdings plc: Further investment by DSN in REA Kaltim

Retrieved on:

Tuesday, November 7, 2023

The DSN subscription will increase the investment of the DSN group in the share capital of REA Kaltim from 15 per cent to 35 per cent.

Key Points:

The DSN subscription will increase the investment of the DSN group in the share capital of REA Kaltim from 15 per cent to 35 per cent.
The DSN group's current investment in REA Kaltim is held through AP (which currently holds 5 per cent of the current issued share capital of REA Kaltim) and a sister company to AP, PT Swakarsa Sinarsentosa ("SWA") (which holds 10 per cent of the current issued share capital of REA Kaltim).
The pre-closing loan will facilitate satisfaction of conditions to the DSN subscription, including the intended rationalisation of subsidiaries of REA Kaltim as described below.
The balance of the debt owed by REA Kaltim to CDM will be funded from the proceeds of the DSN subscription.

Arch Insurance Launches Proactive Cyber Insurance Solution: Arch CyPro

Retrieved on:

Wednesday, September 13, 2023

Software, Insurance, Networks, Data Management, Professional Services, Technology, Apps, Applications, Security, Financial Conduct Authority v Arch Insurance (UK) Ltd & others, ACRE, Policy, Risk management, Environment, Arch

Arch Insurance announces Arch CyPro, a pioneering cyber insurance solution designed to proactively safeguard businesses in an environment of rapidly evolving cyber threats.

Key Points:

Arch Insurance announces Arch CyPro, a pioneering cyber insurance solution designed to proactively safeguard businesses in an environment of rapidly evolving cyber threats.
"Arch CyPro is our solution for the dynamic and ever-growing threats of cyber risks.
said Marilyn Marshall, Executive Vice President, Professional Liability and Cyber at Arch Insurance.
Arch CyPro is powered by the Arch Cyber Risk Engineering Team (ACRE), a specialist cyber team integrated into every stage of the underwriting process.

Renewi plc: Application for Block Listing

Retrieved on:

Tuesday, September 5, 2023

Official List, London, London Stock Exchange, Financial Conduct Authority v Arch Insurance (UK) Ltd & others, Financial Conduct Authority Handbook, Share (finance), Security (finance), Application, Renewi

Application has been made to the Financial Conduct Authority and the London Stock Exchange for a block listing of a total of 300,000 Renewi plc ordinary shares of £1 each ("shares") to be admitted to the Premium Segment of the Official List.

Key Points:

Application has been made to the Financial Conduct Authority and the London Stock Exchange for a block listing of a total of 300,000 Renewi plc ordinary shares of £1 each ("shares") to be admitted to the Premium Segment of the Official List.
The Shares are being reserved under a block listing in respect of shares to be issued under the Renewi plc 2015 Sharesave Scheme.
The admission date for these shares is expected to be 8 September 2023.
When issued, these shares will rank pari passu with the existing ordinary shares.

Arch Insurance to Deliver Webinar on Navigating Paid Family and Medical Leave Regulations Across Multiple States

Retrieved on:

Thursday, August 31, 2023

Insurance, Women, Parenting, Human Resources, Seniors, Baby, Maternity, Men, Professional Services, Family, Consumer, Financial Conduct Authority v Arch Insurance (UK) Ltd & others, Accident, Three Mile Island accident health effects, Health insurance

Arch Insurance, a provider of short-term disability insurance and paid family and medical leave (PFML) coverage, has teamed up with the Disability Management Employer Coalition (DMEC) to present a webinar that reviews PFML requirements in the United States.

Key Points:

Arch Insurance, a provider of short-term disability insurance and paid family and medical leave (PFML) coverage, has teamed up with the Disability Management Employer Coalition (DMEC) to present a webinar that reviews PFML requirements in the United States.
The webinar, “Managing PFML Benefits Across Multiple States,” will be presented online at noon ET on Wednesday, Sept. 6, and is tailored to businesses with operations in states encompassing both voluntary PFML arrangements and statutorily imposed obligations.
This, combined with more states mandating paid family leave coverage, means employers face growing complexities to manage these programs,” says Thomas Foschino, Vice President of Accident & Health at Arch Insurance.
For a complimentary registration to “Managing PFML Benefits Across Multiple States,” sign up at http://dmec.org/2023/06/09/2023-tools-tactics-webinar-managing-pfml-bene... and use coupon code 23ARCH2.

Commercial Property Insurance Market to Reach $724 Billion, Globally, by 2032 at 11.3% CAGR: Allied Market Research

Retrieved on:

Wednesday, August 30, 2023

Thimble, Insurance, Theft, Small business, Face, Table, Risk management, Arch, Consultant, Financial Conduct Authority v Arch Insurance (UK) Ltd & others, Organization, Acquisition, Growth, PDF, Environment, SME

PORTLAND, Ore., Aug. 30, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Commercial property insurance Market by Coverage (Open Perils, and Named Perils), Distribution Channel (Agents and Brokers, Direct Response, and Others), Enterprise Size (Large Enterprises, and Small and Medium-sized Enterprises) and Industry Vertical (Manufacturing, Construction, IT & Telecom, Healthcare, Energy and utilities, Transport & Logistics, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032". According to the report, the global commercial property insurance industry generated $254.9 billion in 2022 and is anticipated to generate $724 billion by 2032, witnessing a CAGR of 11.3% from 2023 to 2032.

Key Points:

Furthermore, the types of risks that commercial properties address could change as businesses expand and new sectors arise is expected to aid the market growth.
They customize commercial property insurance solutions that give comprehensive coverage customized to the specific risks that a business encounters by recognizing these risk variables, which is driving the growth of the market.
Based on enterprise size, the large enterprises segment held the highest market share in 2022, accounting for around three-fifths of the global commercial property insurance market revenue.
These factors drive the interests of market players to collaborate and expand their market presence and product offerings across untapped opportunities.

Commercial Property Insurance Market to Reach $724 Billion, Globally, by 2032 at 11.3% CAGR: Allied Market Research

Retrieved on:

Wednesday, August 30, 2023

PORTLAND, Ore., Aug. 30, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Commercial property insurance Market by Coverage (Open Perils, and Named Perils), Distribution Channel (Agents and Brokers, Direct Response, and Others), Enterprise Size (Large Enterprises, and Small and Medium-sized Enterprises) and Industry Vertical (Manufacturing, Construction, IT & Telecom, Healthcare, Energy and utilities, Transport & Logistics, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032". According to the report, the global commercial property insurance industry generated $254.9 billion in 2022 and is anticipated to generate $724 billion by 2032, witnessing a CAGR of 11.3% from 2023 to 2032.

Key Points:

Furthermore, the types of risks that commercial properties address could change as businesses expand and new sectors arise is expected to aid the market growth.
They customize commercial property insurance solutions that give comprehensive coverage customized to the specific risks that a business encounters by recognizing these risk variables, which is driving the growth of the market.
Based on enterprise size, the large enterprises segment held the highest market share in 2022, accounting for around three-fifths of the global commercial property insurance market revenue.
These factors drive the interests of market players to collaborate and expand their market presence and product offerings across untapped opportunities.

Arch Insurance’s Travel, Accident & Health Unit Named as One of the Best Places to Work

Retrieved on:

Tuesday, July 25, 2023

Professional Services, DEI (Diversity, Equity and Inclusion), Small Business, Insurance, Human Resources, Consulting, Linda, Fallon, The Last Best Place, Arch, Financial Conduct Authority v Arch Insurance (UK) Ltd & others, Interface (computing), Environment, Accident, Risk management, Management, Travel

Arch Insurance is proud to announce its Travel, Accident & Health unit has been recognized as one of the Best Places to Work by the Business Intelligence Group.

Key Points:

Arch Insurance is proud to announce its Travel, Accident & Health unit has been recognized as one of the Best Places to Work by the Business Intelligence Group.
This recognition underscores Arch’s commitment to fostering a positive and inclusive work environment for its employees.
The Best Places to Work award is a testament to Arch’s ongoing dedication to employee satisfaction, professional growth and overall workplace excellence.
"Being named one of the Best Places to Work by Business Intelligence Group is a great honor for us," said Linda Fallon, Executive Vice President of Travel, Accident & Health for Arch Insurance.

Praetorian Legal: Landmark Court Verdict Opens Door for a “Forgotten Generation” of Timeshare Victims to Recover Life-changing Sums

Retrieved on:

Tuesday, May 30, 2023

He urges thousands more victims who have not come forward so far to do so.

Key Points:

He urges thousands more victims who have not come forward so far to do so.
Victims typically took out loans of tens or hundreds of thousands of pounds to fund their purchase of these long-term schemes.
They funded and benefited from unscrupulous timeshare companies preying on families with high-pressure sales tactics and false investment promises.
A claims management company authorised by the Financial Conduct Authority, Praetorian Legal have managed these processes on behalf of thousands of victims.

Tallarna’s Insurance Subsidiary, Kellclair, Receives FCA Authorisation

Retrieved on:

Thursday, May 18, 2023

Insurance, Environment, Alternative Energy, Environmental, Social and Governance (ESG), Energy, Climate Change, Professional Services, Green Technology, Partnership, Financial Conduct Authority v Arch Insurance (UK) Ltd & others, Built environment, Policy, Kilowatt-hour, Climate change, AmTrust Bank, FCA, ESG, Safety

Tallarna , an award-winning climate technology company for the built environment, today announced that its wholly owned subsidiary insurance broker, Kellclair , has received authorisation from the Financial Conduct Authority (FCA) to advise, arrange, and administer non-investment insurance contracts.

Key Points:

Tallarna , an award-winning climate technology company for the built environment, today announced that its wholly owned subsidiary insurance broker, Kellclair , has received authorisation from the Financial Conduct Authority (FCA) to advise, arrange, and administer non-investment insurance contracts.
This authorisation marks a definitive proof point for the industry by validating the use of insurance in stimulating large-scale building decarbonisation.
In partnership with AmTrust Financial Services , Inc. (AmTrust), a global specialty property and casualty insurer, Kellclair underwrites Energy Savings Insurance .
Kellclair’s FCA authorisation is a key milestone in the de-risking of climate investments and validation of our ability to scale distribution.

Sayata Unveils The First-Ever Online Platform To Offer Multiple Miscellaneous Professional Liability Quotes In One Place

Retrieved on:

Monday, May 1, 2023

Insurance, Partnership, Berkley, EVP, Electronic Miscellaneous Document, CFC, Lloyd's of London, Practice, Financial Conduct Authority v Arch Insurance (UK) Ltd & others, SMB, MPL, Pasiphilodes sayata, Counterpart

BOSTON, May 1, 2023 /PRNewswire/ -- Sayata, the leading marketplace for insurance brokers and carriers to quickly scale their business insurance portfolios, announced the addition of Miscellaneous Professional Liability (MPL) coverage to the Sayata platform. Partnering with several prominent insurance providers, Sayata now gives wholesale brokers direct access to multiple MPL quotes on the online platform.

Key Points:

BOSTON, May 1, 2023 /PRNewswire/ -- Sayata , the leading marketplace for insurance brokers and carriers to quickly scale their business insurance portfolios, announced the addition of Miscellaneous Professional Liability (MPL) coverage to the Sayata platform.
Partnering with several prominent insurance providers, Sayata now gives wholesale brokers direct access to multiple MPL quotes on the online platform.
Similar to Sayata's other lines of insurance, brokers enter a few basic details, and the Sayata platform quickly returns up to six quotes for coverage.
At-Bay: "We're thrilled to offer At-Bay's MPL product on Sayata's platform," said Austin Martin, Head of Professional Liability at At-Bay.