Ben Norris
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Benelux
Coface to back further state-backed credit insurance schemes
Xavier Durand, CEO of France-based international credit insurance group Coface, reported that the company has now entered into agreements with…
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BI
CNA’s Robusto says hardening market must continue
Chairman and CEO of US-based international insurance group CNA Financial, Dino Robusto, said the healthy rate increases his firm has…
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BI
Large firms could also benefit from FCA’s test case, says claimant lawyer
Large corporates may stand to benefit from the Financial Conduct Authority’s (FCA) business interruption (BI) test case, which finished last…
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BI
Duperreault says Covid-19 remains earnings event despite AIG’s Q2 $7.9bn loss
AIG posted a net loss attributable to shareholders of $7.9bn in the second quarter of this year, compared with a…
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CRE Insurance
British Airways thinks proposed record GDPR fine will now total just £20m
British Airways (BA) is confident it will get a huge reduction in the record £183.4m (€204.8m) GDPR fine it is…
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CRE Insurance
Aon WTW deal on track for H1 2021
Aon’s $30bn takeover of Willis Towers Watson (WTW) is on track and expected to complete in the first half of…
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CRE Insurance
Hiscox increases Covid-19 loss estimate and falls to H1 $139m loss
Hiscox fell to a $139m loss in the first half of this year and has increased its Covid-19 loss estimate…
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BI
Swiss Re says ‘light at end of tunnel’ for Corporate Solutions despite $301m H1 loss
Swiss Re sees “light at the end of the tunnel” for its Corporate Solution business and said the unit’s transformation…
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CRE Insurance
Aon group and Commercial Risk Solutions revenue fall 4% in Q2
Aon’s revenues fell 4% in the second quarter to $2.5bn and were down by the same percentage to $1.13bn in…
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CRE Insurance
RMS pegs Hurricane Hanna’s losses at $400m
RMS estimates that insured losses from Hurricane Hanna will be under $400m. The estimate includes a loss of up to…
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Africa
Marsh’s revenue up 1% in Q2 in face of Covid-19 headwinds
Marsh saw underlying revenue increase 1% in the second quarter to $2.2bn, as revenues at parent group Marsh & McLennan…
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CRE Insurance
Swiss Re Corporate Solutions turnaround ‘on track’ despite $301m H1 loss
Swiss Re Corporate Solutions suffered a $301m loss in the first half of this year after Covid-19 claims of $485m.…
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CRE Insurance
Rising P&C rates offset Covid-19 impact for Gallagher
A J Gallagher chairman Pat Gallagher reported an “excellent” second quarter in which continued organic growth and rising rates overcame…
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CRE Insurance
WTW reports ‘strong’ renewals in corporate segment during second quarter
Willis Towers Watson (WTW) reported “strong” renewals in its corporate broking and risk segment for the second quarter, as hardening…
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CRE Insurance
Marsh index shows commercial insurance prices up 19% in Q2
The cost of commercial insurance is rising at an increasingly alarming rate for buyers, according to Marsh’s Q2 Global Insurance…
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Africa
Registration opens for diversity and inclusion festival Dive In
Registration has opened for the risk transfer industry’s Dive In festival of diversity and inclusion (D&I) that has gone virtual…
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CRE Insurance
Chubb sees average rate increases of about 15% in second quarter
Chubb saw P&C rates increase by 16% in international business and 14% in North America during Q2, as the commercial…
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BI
FCA business interruption test nears conclusion but ruling not for a few weeks
A landmark court case between the Financial Conduct Authority (FCA) and eight insurers over disputed business interruption (BI) losses in…
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CRE Insurance
Generali’s profits halve to €774m in H1 as P&C fairs well
Generali’s net result was down 57% in the first half of 2020 to €774m, after booking €226m of investment impairments…
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BI
RSA’s half-year profit down just 7%
RSA’s pre-tax profits were down 7% in the first half of 2020 to £211m after booking £54m in Covid-19 market…