Ben Norris
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People Moves
AIG names Fitzsimons CFO as Lyons moves into new role
AIG has shaken up its executive team and named Shane Fitzsimons executive vice-president and CFO, where he will replace Mark…
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Cyber & Technology
Spy chief says UK has suffered twice as many ransomware attacks this year
UK organisations have suffered twice as many ransomware attacks this year as last, revealed GCHQ spy agency head Jeremy Fleming.…
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Risk Management
Cambridge University business school launches Risilience to help firms manage risk
A new commercial operation called Risilience has been launched, based on the research produced by a risk-focused academic unit at…
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Risk Management
Insurtech Origami Risk launches vendor risk management tool
Insurtech Origami Risk has unveiled a new service designed to help firms streamline their vendor risk management process. Maintaining the…
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Market
European buyers faced moderating rises in Q3 as market looks to have peaked, says Marsh
Price increases for commercial insurance in continental Europe and the UK moderated during the last quarter, finds Marsh’s Global Insurance…
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Property
Property market on cusp of ‘big change’ from data revolution, says AXA XL’s Richème
Property underwriting is on the cusp of “big change” on the back of improved data but will remain hard for…
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Market
Insurers face near-term $100bn-plus nat cat loss per year, finds AIR
Insurers face an average annual nat cat loss bill of about $106bn in the short term, compared to $75bn a…
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Executive & D&O
Marsh offers better D&O cover for clients with strong ESG risk management
Marsh has launched a D&O scheme that will reward clients with strong ESG risk management with better cover. The move…
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Climate Change
SiriusPoint inks deal with Parameter Climate
Bermuda specialty insurer SiriusPoint has announced a strategic partnership with Parameter Climate, a full-service climate underwriting and distribution advisory firm.…
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UK/Ireland
Chris Wallace named head of UK at QBE
Chris Wallace has been appointed executive director of QBE’s UK insurance business, taking over the role from Cécile Fresneau, who…
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Nordics
Danske Bank reprimanded by Swedish FSA over anti-money laundering
Sweden’s financial regulator has criticised Danske Bank over its anti-money laundering (AML) failings and set the Danish institution a deadline…
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Climate Change
WTW appoints sustainability leader Fox Carney to resilience hub
Willis Towers Watson (WTW) has appointed sustainability expert Diana Fox Carney as a strategic adviser in its Climate Resilience Hub.…
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CRE Journal
Demand for cyber cover up in Spain just as capacity falls and prices rise
Demand for cyber insurance is on the rise in Spain, following a spike of incidents such as ransomware attacks, and…
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Journals
Covid-19 set to extend tough EPL market
The employment practices liability (EPL) insurance market is one of the most challenging for buyers with US risks, who are…
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Insurance
Employee benefits market needs to develop risk engineering services, say experts
Employee benefits (EB) insurers must start thinking beyond pure risk transfer and begin offering more risk engineering-type services to unlock…
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Global Risk Manager
UN calls on insurers to stop underwriting carbon-intensive industries
The insurance industry needs to redirect its investments and underwriting away from carbon-intensive industries and align its activities with the…
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Market
Marsh McLennan reports continuing strong revenue growth
Marsh McLennan said it is on track for its best annual growth in a decade, as it reported a 16%…
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Market
Marsh says no sign of softening as index shows 15% Q3 rate rise
Marsh said there is little sign of the hard market ending anytime soon, as its Global Insurance Market index reveals…
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Global Risk Manager
WR Berkley profits up sharply
WR Berkley reported third-quarter net income of $261.3m, up 72.3% from the year-earlier period. The US-based insurer said net premiums…
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UK/Ireland
Moyes rejoins Sedgwick as client director in UK
Sedgwick has hired Heather Moyes as client director to bolster UK corporate services. Moyes rejoins Sedgwick from Zurich, where she…
