Ben Norris
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CRE Insurance
Global insurance rates up record 8% in Q3, finds Marsh Index
Marsh’s Global Insurance Market Index recorded its largest ever commercial insurance price rise of nearly 8% in the third quarter since…
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CRE Insurance
Aon shifts parent company from UK to Ireland
Aon will move its parent company from the UK to Ireland to “remain within the European Union single market”, as…
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BI
French commercial insurance market has turned, finds annual AMRAE survey
France’s risk management association AMRAE says the commercial insurance market has turned and advised French companies to budget for between…
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CRE Insurance
Spanish buyers avoiding worst of hardening market, Igrea members told
The global insurance market is hardening and companies should be prepared for a difficult renewal season, Spanish risk managers were…
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CRE Insurance
Marsh JLT names new CEO of UK marine and cargo business
Marsh JLT Specialty has named Gard’s Louise Nevill as CEO of its UK marine and cargo business. She is expected…
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CRE Insurance
Global programme data not yet meeting buyer needs
Application programming interface (API) solutions are set to significantly improve information flows for global programmes, but their development must better…
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CRE Insurance
D&O market set to harden further with concerns over capacity shortfall
The D&O market is set to harden further for European and global firms at upcoming renewals, with a potential capacity…
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BI
Cyberattackers target IT vendors and clients: Beazley
Cyberattacks against IT vendors spiked in the third quarter of 2019 and accounted for 24% of all ransomware cases reported…
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CRE Risk Management
UK unveils ‘ambitious’ investment code
UK investment firms, pension funds and other corporates will be expected to meet “substantially higher” stewardship standards that reflect a…
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Benelux
Credit risk rises with growing political and economic uncertainty
Heightened political and economic uncertainty is driving up credit risk, increasing the threat of insolvencies and supply chain disruption. According…
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CRE Insurance
Insurance wordings need improvement, say Swiss buyers
A group of risk managers has warned the insurance sector that wordings must better reflect their requirements, as the recent…
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Climate Change
Risk management lags increasing unpredictability, finds QBE
Political risk is making the world a more unpredictable place to do business, yet many companies are failing to plan…
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CRE Insurance
Norsk Hydro books first payment from cyberattack claim
Norsk Hydro’s insurers have paid out NOK33m towards losses incurred by the aluminium firm when its operations were halted by…
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GRM Insurance
AIG to open US high-net-worth Lloyd’s syndicate for 2020
AIG is launching a new Lloyd’s syndicate specialising in US high-net-worth cover. Proposed for the start of 2020, AIG said…
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Asia
PARIMA expects 300 delegates at latest event as intangible risks take centre stage
The Pan-Asia Risk and Insurance Management Association (PARIMA) expects up to 300 delegates to attend its final regional conference for…
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CRE Insurance
Europe urged to reject insurance guarantee scheme proposal
The European Commission (EC) should reject proposals to harmonise national insurance policyholder protection schemes in Europe, said Insurance Europe, and…
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Construction
London market forms construction committee post-Grenfell
The International Underwriting Association (IUA) has set up a new committee for underwriters of professional indemnity cover to the construction…
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Analysis & Opinion
Interdependency of risks a key concern for insurers across Europe
Michael Rüsch, recently appointed country manager for HDI Global in Switzerland, spoke to Commercial Risk Europe about the challenges facing…
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CRE Insurance
New US tax law hits Bermuda’s NWP: Fitch
US tax reforms dented the Bermudan market’s net written premiums by more than 8% last year, according to Fitch Ratings,…
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CRE Insurance
AXA XL invests in newly combined global programme offering
AXA XL is investing in its newly combined global programme and captive offering, as the firm consolidates its position among…