Ben Norris
-
CRE Insurance
Eurapco alliance launches blockchain tech to boost marine risk transfer
An alliance of eight European mutual insurers has partnered with B3i Services to launch Eurapco Unity, which will use blockchain…
-
CRE Insurance
Beazley adds AI to reputational risk policy via partnership with Polecat
Beazley has added AI-enabled tools to its reputational risk insurance policy, which will allow clients to access online and social…
-
CRE Insurance
Lycetts risk unit appoints Alex Cormack as risk manager
Lycetts Risk Management Services (LRMS), part of UK broker Lycetts Group, has appointed Alex Cormack as risk manager in line…
-
Asia
Australian insurers can cope with Covid BI claims says Fitch
Australian risk managers will be pleased to see the legal tide turning in favour of policyholders in the ongoing dispute…
-
CRE Insurance
Nat cat insured losses hit $97bn in 2020: Aon
Global insured natural catastrophe losses reached $97bn in 2020 and were $10bn higher than the ten-year average, according to updated…
-
BI
UK regulator tells insurers to review all Covid-19 BI claims or face action
UK regulator the Financial Conduct Authority (FCA) has told insurers it will take action if they don't pay valid Covid-19 business…
-
CRE Insurance
Insurers should be banned from making ransomware payments, says ex-head of UK cybersecurity
Insurers should be banned from paying clients’ ransom payments to cybercriminals, according to the former head of the UK’s National…
-
BI
Large corporates more likely to secure BI claims following FCA test case ruling
Large corporates are now more likely to pursue and receive insurance claims for Covid-19-related business interruption (BI) losses following the…
-
CRE Insurance
AGCS appoints Olav Spiegel as CIO to drive digital transformation
Allianz Global Corporate & Specialty (AGCS) has named Olav Spiegel as chief information officer (CIO), where he will help lead…
-
CRE Insurance
Patrick Tiernan appointed Lloyd’s chief of markets
Lloyd’s has appointed Aviva’s Patrick Tiernan to the newly created role of chief of markets, to oversee market performance and…
-
BI
Arch Capital estimates $165m Q4 cat losses
Arch Capital said its fourth-quarter results will be hit by catastrophe losses in the range of $155m to $165m across…
-
Aviation
Sompo International partners with drone insurtech Flock to boost cover
Sompo International has partnered with UK insurtech company Flock, which provides data-based insurance solutions for commercial drone operators, to support…
-
CRE Insurance
Travelers’ net income jumps 50% in Q4 with business rates up 8.4%
Travelers saw its net income increase by 50% in the fourth quarter to £1.31bn on the back of improved underwriting…
-
BI
Court says US restaurant chain’s virus-related suit can proceed against Zurich
A US federal district court in Cleveland has refused to dismiss Covid-19 business interruption (BI) coverage litigation filed by a…
-
CRE Insurance
AXA XL appoints chief data and analytics officer
AXA XL has appointed Ashok Krishnan as chief data and analytics officer. Mr Krishnan joins AXA XL from AXA Hong…
-
CRE Risk Management
Two thirds of clients in WTW survey have no framework for reputational risk
Some 68% of 200 clients surveyed by Willis Towers Watson (WTW) have no framework in place for reputational risk, despite…
-
Africa
UK’s BI ruling will have international impact and see more claims paid
The recent judgment on Covid-19-related business interruption (BI) insurance by the UK’s Supreme Court will affect policies and laws well…
-
CRE Insurance
GDPR fines up 39% in 2020
Regulatory fines for data breaches under the GDPR increased 39% in Europe during the past year to €158.5m, according to…
-
Association News
AMRAE’s virtual conference to boost risk debate as pandemic rolls on
French risk management association AMRAE will discuss the implications of Covid-19, as well as focus on other related risks such…
-
CRE Risk Management
Cost of building resilience far less than inaction, say WEF experts
The cost of inaction far outweighs the cost of building resilience to risk, according to expert speakers at the launch…