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GRM People Moves
November 7, 2023
Marsh appoints new global head of placement
John Donnelly has been appointed global head of placement at Marsh, effective 1 January 2024. In this role, he will have global responsibility for Marsh’s retail and wholesale broking activities.…
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GRM Partner Content
November 6, 2023
Road safety: Time to come off the back burner
Road safety might not be top of the board agendas, but the rising human and financial cost of road traffic accidents is a crisis in the making. However, it doesn’t…
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GRM Comment & Opinion
November 6, 2023
Global programmes and the current market environment in Europe
Global Risk Manager spoke to Rory MacLeay, international leader, Marsh Multinational, about the current environment for European multinational companies and their global programmes, growth in parametric solutions and ART solutions…
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Captives
November 6, 2023
Europe’s captive market set to grow: AM Best
Competition between jurisdictions and a continuing hard insurance market look set to increase the number of captives operating in Europe, according to a recently published report. Analysis from ratings agency…
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GRM Insurance
November 6, 2023
McGill launches corporate insolvency coverage solution
A new coverage solution for corporate insolvency has been launched by McGill and Partners. The specialist (re)insurance broker has launched SAIFElimits, a self-contained coverage solution designed to be incorporated into any ...…
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GRM People Moves
November 6, 2023
SRS appoints chief business development and marketing officer
Marc D. Kutter will be joining Strategic Risk Solutions (SRS) as chief business development and marketing officer, effective late November. In this role, Kutter will have global responsibility for sales and…
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CRE Insurance
November 6, 2023
SRS to launch Zurich-based specialty MGU
Strategic Risk Solutions (SRS), the world’s largest independent insurance company manager, has announced the launch of Altitude, a Zurich-based managing general underwriter (MGU) focused on alternative risk transfer (ART). ...…
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GRM People Moves
November 6, 2023
New head of financial lines in Asia for Miller
William Seccombe has been appointed to lead Miller’s financial lines business in Asia. Miller said he will focus on building out a team of experts across all financial lines, enhancing the…
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M&A
November 6, 2023
Travelers agrees to buy cyber MGU Corvus
Travelers Companies said it has agreed to acquire cyber managing general underwriter Corvus Insurance Holdings for approximately $435m. The transaction is expected to close in the first quarter of 2024,…
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CRE People Moves
November 6, 2023
Verlingue rebrands London market unit for growth
Lloyd’s and London market broker NBJ London Markets has been rebranded as Verlingue London Markets as it also takes on new staff to drive expansion into markets. Part of the…
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Market
November 6, 2023
Berkshire Hathaway insurance units bounce back to Q3 profit
Berkshire Hathaway’s insurance and reinsurance operations returned to profit for Q3, turning around an underwriting loss of $1bn in Q3 last year to a profit of $2.4bn, driven by its…
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Cyber & Technology
November 6, 2023
Fifty countries agree not to pay ransoms in cyberattacks
Fifty countries have agreed not to use government funds to pay ransoms to cyber criminals in a joint statement from the members of the International Counter Ransomware Initiative (CRI), formed…
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Latin America
November 6, 2023
Contacto acquisition sees Howden enter Peruvian insurance market
Howden has entered the Peruvian insurance market with the acquisition of Contacto Corredores de Seguros, a leading insurance broker in the Peruvian market. Howden will become the second-largest insurance broker…
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RM News
November 6, 2023
AI offers risk managers opportunities to drive scenario planning: RIMS
Generative AI tools offer risk managers new opportunities to enhance scenario planning, according to RIMS in a new report released at its recent RIMS ERM Conference in Denver. RIMS says…
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People Moves
November 6, 2023
MMC names US and Canada commercial officer
Marsh & McLennan Companies has named Susan Potter as US and Canada commercial officer, effective immediately. Based in Washington, she will report to Pat Tomlinson, Marsh McLennan US and Canada…
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Asia
November 6, 2023
Indonesian regulator unveils insurance development roadmap
Indonesia's Financial Services Authority (OJK) has published its Roadmap for the Development and Strengthening of the Indonesia Insurance Industry 2023-2027. The roadmap was prepared by associations under the Insurance Cou...…
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Captives
November 6, 2023
Captive interest set to continue, say Europe’s risk managers
Captives have proved a useful defensive tool to deal with the tough market conditions in Europe, according to risk and insurance managers who took part in this year’s Risk Frontiers…
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Market
November 3, 2023
Swiss Re Corporate Solutions posts another strong result
Swiss Re Corporate Solutions posted another strong result for the first nine months of this year with a net profit of $492m – up from $356m on the same period…
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Market
November 3, 2023
AXA’s 9M growth driven by 9% increase in commercial lines premiums
AXA reported a 2% increase in gross written premiums for the first nine months of this year to €78.8bn, driven by a 9% rise in commercial lines business to €25.8bn,…
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Insurance
November 3, 2023
AXA XL partners with AI firm over driver safety tech
AXA XL Insurance has partnered with AI mobility tech company Driver Technologies to provide its commercial fleet owners with a dash cam and safety app. AXA XL said the technology…