Ben Norris
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Global Risk Manager
Aon and WTW terminate $30bn deal over DoJ ‘impasse’
Aon and Willis Towers Watson (WTW) have cancelled their $30bn merger over an “impasse” with the US Department of Justice…
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Insurance
Unresolved issues spark second wave of UK Covid-19 BI litigation
A second wave of Covid-19-related business interruption (BI) insurance litigation is underway in the UK, driven by unresolved coverage issues…
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Global Risk Manager
Ardonagh creates new European business as it targets international expansion
Rapidly expanding broker Ardonagh Group is launching a European unit as it prepares to take its buy-and-build model to the…
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Global Risk Manager
Swiss Re Corporate Solutions names new distribution head for EMEA
Swiss Re Corporate Solutions (SRCS) has appointed Caroline Pritchard as head of distribution management for Europe, Middle East and Africa…
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Global Risk Manager
WR Berkley foresees further hardening to come as Q2 profits surge
WR Berkley has reported a 232.9% increase in net income to $237.2m in the second quarter and predicted that the…
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Global Risk Manager
Chubb CEO calls for US public-private pandemic risk partnership
Evan G Greenberg, chairman and CEO of Chubb, has renewed calls on Capitol Hill for a US public-private partnership for…
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Global Risk Manager
Rate increases return Beazley to H1 2021 profit
Specialist insurer Beazley has reported pre-tax profit of $167.3m for the first half of 2021, from a loss of $13.8m…
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Insurance
QBE finds 7.9% ethnicity pay gap in UK operations
QBE has revealed a 7.9% mean average pay gap between ethnic minority and white employees at its UK operations. Publishing…
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Global Risk Manager
FM Global creates new executive roles under Malcolm Roberts
FM Global has created several new executive roles to strengthen its leadership team under new president Malcolm Roberts, who will…
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Global Risk Manager
Global insurance rates up 15% in Q2 but hardening continues to slow: Marsh
Global commercial insurance rates were up 15% year on year in Q2 but the pace of change slowed for the…
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Global Risk Manager
Marsh McLennan reports 20% higher revenue as staff move over from Aon-WTW
Marsh & McLennan reported a nearly 20% jump in revenue during the second quarter as economies continued to reopen after…
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Region
J&J and distributors settle opioid action for $26bn
Four US pharmaceutical companies have agreed a $26bn payment to settle almost 4,000 claims that they have driven an opioid…
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Global Risk Manager
Aki Hussain to succeed Masojada as Hiscox CEO
Hiscox has announced that CFO Aki Hussain will replace CEO Bronek Masojada at the end of this year. Mr Masojada…
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Insurance
Insured German flood losses up to €5bn, says GDV
Flooding in the North Rhine-Westphalia and Rhineland-Palatinate regions caused by Storm Bernd in Germany last week is expected to cost…
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Global Risk Manager
First-half insured losses highest in ten years: Aon
Global insured losses from natural catastrophes in the first half of 2021 have reached their highest since 2011 at $42bn,…
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Insurance
Gallagher beefing up to become third option in Europe
A J Gallagher is receiving an “unusual” level of positive feedback from customers and carriers alike across Europe about its…
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Insurance
Chubb units seek to dismiss $32.6m US jury verdict in coal case
Chubb units are asking a US court in Charleston, West Virginia to grant its summary judgment motion following a $32.6m…
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Insurance
Insurers’ ESG agenda a growing factor in buying decisions
Sustainability is becoming a bigger and bigger topic for risk managers, particularly in Europe, who are increasingly factoring ESG behavior…
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Insurance
Travelers posts strong earnings but social inflation concerns persist
Travelers posted strong second-quarter earnings on Tuesday, but the company’s leadership remains concerned about the continued impact of social inflation…
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Insurance
UK hospitality groups turn to courts as BI insurers ‘underpay’ Covid-19 claims
The UK’s largest pub group Stonegate has filed a legal suit seeking £845m from three insurers – MS Amlin, Liberty…