Ben Norris
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Insurance
Hurricane Ian losses could exceed $40bn as storm heads to Carolinas: Fitch
Insured losses from hurricane Ian are estimated to range between $25bn and $40bn but the bill could escalate as the…
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Reinsurance
Rising interest rates wipe 72% off world’s ten largest reinsurers’ net income in H1
Global P&C reinsurers recorded improved underwriting results in the first half of this year but the impact of rising interest…
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Reinsurance
Hurricane Ian losses will add fuel to reinsurance rate rises
Significant insured losses from Hurricane Ian will drive rates up ahead of key reinsurance renewals next month, according to analyst…
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Benelux
BHSI confirms further European growth in Belgium and Spain
Berkshire Hathaway Specialty Insurance (BHSI) has made further strides forward in recent weeks to establish itself as a leading player…
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DACH
Kessler cements position in French-speaking Swiss market with new Sion office
Leading Swiss insurance broker and benefits consulting firm Kessler has further cemented its position in Switzerland with a new office…
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Cyber & Technology
Most companies still pay ransom to cyberattackers, survey finds
Some 44% of UK organisations have paid a ransom demand following a cyberattack during the past year, according to a…
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ESG
Dutch insurers reject need for deforestation regulation at EU level
The Dutch Insurance Association (VVN) has said the EC’s recently announced proposals for a regulation to effectively ban products that…
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Risk Management
Cyber remains top spot in Travelers’ risk index
Cyber risk is once again the biggest concern for US businesses polled for Travelers’ latest annual risk index, with economic…
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Legal & Regulation
TikTok faces potential £27m fine for child data breaches
Social media platform TikTok has been warned that it faces a regulatory fine of £27m in the UK for failing…
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Insurance
Turin follows Milan and Naples in battle against insurance fraud
The Italian insurance association Ania and the Turin Public Prosecutor's Office have signed a protocol that establishes a partnership to…
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Construction
AXA XL names new product lead for energy and construction in APAC and Europe
AXA XL Insurance has appointed Olivier Croese as product leader for energy and construction in APAC and Europe. Croese joined…
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People Moves
Doyle succeeds Glaser as Marsh McLennan CEO
Marsh McLennan has announced that its chief operating officer (COO) John Doyle will take over as president and CEO from…
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ESG
Marsh explores bringing renewable energy certificate service payments to global clients
Marsh has told Commercial Risk it is exploring the possibility of expanding its scheme to allow US clients to pay service…
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UK/Ireland
UK SMEs face array of diverse risks according to Marsh poll
Some 39% of UK SMEs named energy costs as their top emerging risk during the next 12 months, followed by…
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Legal & Regulation
Boeing pays $200m after being charged with misleading investors on 737 MAX safety
Aircraft firm Boeing and former CEO Dennis Muilenburg have been charged with misleading investors about the safety of its 737…
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Pandemic
Vermont becomes first US high court to rule in policyholders’ favour over C-19 BI
The Vermont Supreme Court has become became the first US state high court to rule in policyholders’ favour over Covid-19-related…
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DACH
German insurance buyers look at alternatives as hard market drags on
The continued firm stance taken by German insurers is forcing GVNW members to increasingly look at alternative risk management options,…
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Cyber & Technology
Clyde & Co launches global cyber risk network to boost resilience
Law firm Clyde & Co has launched a new cyber risk service for clients to boost their response to cyberattacks.…
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ESG
Marsh’s US clients can now pay service fees with renewable energy certificates
Marsh clients in the US can now pay for the broker’s service fees with voluntary carbon offset credits and renewable…
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ESG
Fidelis will ‘walk away’ from fossil fuel risks as it extends underwriting bans
Fidelis Insurance will stop underwriting tar sand extraction and Arctic oil and gas exploration, following a ban on insurance for…
