Ben Norris
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ESG
German climate group loses legal action against BMW
A Munich Court has dismissed a lawsuit against BMW brought by German climate campaigners Deutsche Umwelthilfe that alleged failure to…
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Cyber & Technology
Italy and France warn of ‘massive’ global ransomware attack
Italy’s cybersecurity agency is the latest to warn about a global ransomware threat targeting vulnerabilities in VMware servers, according to…
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Market
Hartford’s profit down 23% in 2022
Hartford Financial Services posted net income of $1.79bn last year, down 23% from 2021, but core earnings rose 14% to…
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Trade Credit
WTW appoints Aon’s Pieter Van Ede as global head of trade credit
WTW has appointed Aon’s Pieter Van Ede as global head of trade credit to help spur its growth plans in…
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Market
AXA XL predicts ‘firm’ market with higher rates but steady capacity
AXA XL expects the commercial insurance market to firm over the coming months for most short tail risks, with rates…
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Reinsurance
Hannover Re increases net income and premium in 2022
Hannover Re’s net income rose to €1.41bn last year from €1.23bn, with gross premiums up 12.7% adjusted for exchange rates…
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Market
Insurance price rises slow across all major regions in Q4 with FinPro softening: Marsh
Insurance price rises moderated, or were stable, across all regions barring Latin America and the Caribbean during Q4, with financial…
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Spain/Portugal
Everest enters Spanish primary market
Everest Insurance, the primary arm of Everest Re, is entering the Spanish market, offering a wide range of P&C and…
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Geopolitical
Business risks rise as West loses global influence, finds political index
The West is losing its influence as geopolitical alignments shift in favour of Eastern powers, creating more risks for global…
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Legal & Regulation
Konsta joins DAC Beachcroft from Clyde & Co
Simon Konsta has joined DAC Beachcroft from rival law firm Clyde & Co as partner and international and business development…
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Climate Change
Insured nat cat losses reached $140bn last year: Gallagher Re
Insured nat cat losses hit $140bn in 2022, with $125bn falling on private insurers and the rest on public insurance…
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Association News
Ferma lobbies EU council to prioritise cyber and sustainability risk transfer
Ferma has called on the Swedish presidency of the Council of the EU to focus on closing insurance protection gaps…
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Market
Rates up 4% in Q4 as moderation trend continued: Marsh
Average global commercial insurance rates rose by 4% in Q4 2022 as prices increased for the 21st consecutive quarter but…
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Asia
New head of captives in APAC and Europe at AXA XL
Marine Charbonnier has been appointed as head of captives and facultative underwriting, APAC & Europe at AXA XL Insurance. She…
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Nordics
Lockton opens Swedish office
Lockton is opening a new office in Stockholm, Sweden as it looks to expand in the Nordic region. The broker…
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People Moves
New EMEA CEO at Swiss Re Corporate Solutions as Kleiterp leaves for Beazley
Swiss Re Corporate Solutions’ EMEA CEO Fred Kleiterp has left his role to become European general manager at Beazley, and…
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Climate Change
Zurich launches new climate change adaptation and mitigation service
Zurich and climate solutions experts South Pole are teaming up to offer a new service that will help clients get…
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Cyber & Technology
Pool Re in discussions to extend remit to cyber risk: report
Pool Re has held talks with its government to extend the UK terrorism backstop’s remit to cover state-sponsored and war-related…
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Marine
North and Standard P&I clubs get approval for Feb merger
North and Standard Club have received formal approvals for their P&I merger that remains on schedule to take place next…
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Cyber & Technology
Databarracks adds crisis management cyber services
Databarracks has extended its cyberbreach recovery offering to include non-IT services such as crisis management. The business continuity and disaster…