Ben Norris
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Asia
Civil unrest, conflict and trade wars to drive political risk in the 2020s
Corporates are being warned to expect an increase in conflicts, civil unrest and trade disputes in coming years, as political…
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Benelux
European Storm Ciara losses in €1.1bn to €1.9bn range, estimates AIR
The first insured loss estimate for European Storm Ciara/Sabine from AIR Worldwide ranges between €1.1bn and €1.9bn, with the majority…
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Asia
Coronavirus excluded from new event cancellation policies: Reuters
Insurers are starting to exclude coronavirus from event cancellation policies after several high-profile events were scrapped because of the virus,…
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CRE Insurance
Chubb extends incident reporting service to excess casualty
Chubb has extended use of its incident reporting tool to excess casualty clients. Incident Alert was previously used by environmental…
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CRE Insurance
Swiss Re Corporate Solutions hires chief claims officer from Chubb
Swiss Re Corporate Solutions (SRCS) has appointed Marc Scheidegger as chief claims officer from Chubb. Mr Scheidegger is due to…
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CRE Insurance
AIG swings to $3.33bn yearly profit on back of big turnaround in general insurance
AIG saw net income swing back to an impressive $3.33bn last year from a $6m loss in 2018, as it…
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CRE Insurance
Insolvencies set to rise in US with slowdown impacting trading partners: Atradius
Corporates trading in the US face slower economic growth, uncertainty and increased risk of insolvency this year, according to a…
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CRE Insurance
Zurich’s P&C profits jump 38% as hardening market helps it successfully execute three-year turnaround plan
Zurich’s P&C operating profit jumped 38% to $2.88bn in 2019 with its combined ratio improving 1.4 percentage points to 96.4%,…
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Asia
Business continuity plans to the fore as coronavirus supply chain disruption predicted to last till Q3
As Verisk Maplecroft warns that coronavirus has “seriously interrupted” global supply chains and expects disruption to last until Q3, risk…
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CRE Insurance
Sedgwick partners with insurtech to advance fleet risk management
Sedgwick has partnered with insurtech firm Concirrus, which operates risk management tool Quest Automotive, to boost fleet risk management. Sedgwick…
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CRE Insurance
Fidelis raises $300m to drive growth and capitalise on hardening market
Bermudan insurer Fidelis Insurance has raised $300m in equity capital to support its expansion plans. The specialty underwriter, which also…
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CRE Insurance
IUMI proposes stronger fire safety regulations to IMO
The International Union of Marine Insurance (IUMI) has submitted its promised paper to the International Maritime Organisation (IMO), calling for…
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CRE Insurance
Mapfre Global Risks posts loss and 123.5% combined ratio as losses take toll
Mapfre Global Risks, the Spanish insurance group’s operation dedicated to the large-corporate market, posted a loss of €19.2m in 2019…
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Asia
Market hardening intensifies across Europe and all global regions, finds Marsh
The commercial insurance market hardening accelerated across all regions in the final quarter of last year with average price increases…
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CRE Insurance
Renewable energy insurance market has ‘truly hardened’ during last year: Willis
Pressure to improve profitability in the London and European insurance markets has been felt by renewable energy firms, with insurance…
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CRE Risk Management
Study suggests businesses support clearer human rights laws
Businesses would largely support stronger laws on corporate human rights and the environment, along similar lines to the UK Bribery…
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CRE Insurance
CFC launches events insurance package
Emerging risk specialist CFC has launched a new package for event insurance buyers, combining cancellation cover, general liability and commercial…
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CRE Insurance
Lloyd’s cultural reform body brings external experts onboard
Lloyd’s’ new cultural change body recently met for the first time and brought together a range of experts to tackle…
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CRE Insurance
TMK boost special risks team
Tokio Marine Kiln (TMK) has appointed Charlotte Pritchard as an underwriter within its special risks team. Ms Pritchard joins TMK…
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Captives
French government plans to make France a more attractive jurisdiction for captives
The French government plans to make the country a more attractive jurisdiction for captives, as risk managers turn to alternative…