Ben Norris
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Risk Management
Work addiction risk rising in Germany
A third of Germany’s labour force is working "excessively" and another 10% exhibit addictive working behaviour, according to a new…
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Legal & Regulation
VW agrees £193m settlement over 90,000 UK dieselgate claims
German car manufacturer VW has reached an out-of-court settlement with 91,000 claimants over the dieselgate scandal and will pay £193m…
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Marine
Shipowners face higher emissions costs under General Average
Shipowners will soon face potentially significantly higher costs when forced to deviate to an EU port, because they will be…
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Market
Rate increases slow in Q1 but reductions remain ‘rare’, says Aon
Global market price increases continued to slow in the first quarter of 2022, with all regions recording “modest” rises of…
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Energy
North Sea nations announce ambitious offshore plans to deal with Russia energy risk
Germany, Belgium, Denmark and the Netherlands have signed an historic agreement to combine forces and deliver a massive 65GW of…
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People Moves
HDI restructures UK and Ireland Commercial and Specialty operations
HDI Global’s and HDI Global Specialty’s UK and Ireland branches are merging under a common leadership structure, responsible for more…
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DACH
Challenging German market conditions persist in key lines
The difficult state of the German industrial and commercial insurance market, particularly for cyber and D&O risks, has been confirmed…
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North America
Severity of US legal malpractice claims surge
The frequency of legal malpractice claims in the US remained relatively flat last year but claims severity continued to spike,…
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DACH
Generali GC&C names new German underwriting head
Generali Global Corporate & Commercial (Generali GC&C) has promoted Matthias Arnold to head of underwriting in Germany. Arnold was previously…
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Legal & Regulation
Ferma raises concerns with EC over Corporate Sustainability Due Diligence Directive
The Federation of European Risk Management Associations (Ferma) is concerned about key aspects of the recently announced Corporate Sustainability Due…
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Risk Management
WEF launches virtual reality public-private platform to tackle global risks
The World Economic Forum’s (WEF) annual meeting has opened with the launch of a virtual reality public-private cooperation platform. The…
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Italy
Italy embroiled in cyber war with pro-Russian hackers
The Italian government is preparing itself for a cyber war with pro-Russian hacker groups that have already started an offensive…
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ESG
LIIBA launches London market diversity and inclusion hub
The London & International Insurance Brokers Association (LIIBA) has launched a new campaign to raise awareness about diversity and inclusion…
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Market
PERILS raises February’s European windstorm loss estimate to €3.61bn
PERILS has increased its insured loss estimate for three storms that hit continental Europe and the UK in February to…
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Energy
MS Amlin partners with insurtech to close battery-storage coverage gap
Lloyd’s insurer MS Amlin Underwriting Ltd (MS AUL) is partnering with insurtech Altelium to help companies involved in battery storage…
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DACH
GDV confirms 2021 was costliest nat cat year ever for German insurers
The German Insurance Association (GDV) has confirmed that last year was the costliest nat cat year ever for German insurers,…
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ESG
Chubb shareholders reject further limitations on insuring fossil fuels
Chubb shareholders have rejected a proposal that would have limited the insurer’s ability to underwrite new fossil fuel supplies, but…
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Association News
AMRAE welcomes new VP and board members as membership grows
French risk and insurance management association AMRAE has re-elected its president and welcomed several new board members, while also announcing…
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Geopolitical
Zurich sells Russian business to employees and exits market
Zurich Insurance has sold its Russian business to 11 members of the local team and exited the country. Zurich Russia…
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Market
MS Amlin posts £190m loss for 2021 despite rate hikes
MS Amlin fell to a loss of £190m for full-year 2021 as it was hit by nat cat claims of…