Ben Norris
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CRE Risk Management
GRI urges EC to give equal weight to sustainability and financial reporting
The Global Reporting Initiative (GRI) has called on the EC to make sustainability reporting mandatory in Europe and create a…
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Asia
Insurers add to reserves following UK Covid-19 BI ruling
Insurers involved in the UK’s Covid-19 business interruption (BI) test case have begun to increase claims estimates following the Supreme…
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Association News
Airmic welcomes ‘landmark’ BI ruling
Airmic has welcomed the “landmark” UK Supreme Court business interruption (BI) ruling as “positive news” for insurance buyers struggling with…
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CRE Insurance
Marsh sets 2021 carbon-neutral target
Marsh & McLennan (MMC) has pledged to become carbon neutral this year by reducing greenhouse gas emissions from its operations…
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Africa
Global body confirms three new sustainability standards for 2021 reports
Companies that disclose sustainability reports using Global Reporting Initiative (GRI) standards will need to apply three new and updated standards…
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Aviation
Convex raises further $500m in capital to reach $3.2bn
Convex Group, which was set up by insurance industry veteran Stephen Catlin, has secured $500m of capital from investment firm…
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Africa
Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades
The world will be more unstable, less cooperative and more prone to crises this year, with the risk of interstate…
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CRE Insurance
Clyde & Co opens Munich office with Norton Rose hires
Law firm Clyde & Co is expanding further in Europe by opening a new office in Munich next month, which…
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CRE Insurance
Allianz sets 25% greenhouse gas reduction target for investments
Allianz has set interim targets to reduce greenhouse gas emissions in its investment portfolio, to help achieve its ultimate goal…
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CRE Insurance
Insurance rates increase for Red Sea vessels: Reuters
Attacks against commercial ships in the Red Sea are driving drive higher prices for insurance cover, according to a Reuters…
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CRE Insurance
Lloyd’s gets approval for PCC to attract new and alternative capital
Lloyd’s has received regulatory approval to create a multi-insurance special purpose vehicle (MISPV), called London Bridge Risk PCC Limited, to…
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CRE Insurance
Demand for parametric triggers rises in hard market
Demand for parametric insurance products is rising in the hard market, and as companies place more value on cashflow, according…
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Asia
Average cat losses in 2020 contribute to ‘orderly’ 1 Jan renewals: Aon
Global insured catastrophe losses totalled $86bn last year and were almost exactly the $87bn average of the last ten years,…
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CRE Insurance
Commercial property rates still on the up in US, but signs of moderating
Commercial property policyholders in the US can expect upward pressure on rates and restrictive terms and conditions to continue through…
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CRE Insurance
Chubb appoints Kessler to head global cyber risk business
Chubb has appointed Michael Kessler as division president of its global cyber risk insurance business. Moving from his current post…
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BI
UK Supreme Court BI Covid-19 judgment on Friday
The much-anticipated judgment on UK Covid-19 business interruption (BI) policies will be delivered by the country’s Supreme Court on Friday…
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CRE Insurance
Gallagher buys UK specialty broker Bollington
Gallagher is acquiring The Bollington Wilson Group, a mid-market and SME UK commercial lines broker. Bollington will become part of…
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CRE Insurance
‘Complex’ contingent employee liability policies need clarity, says IUA
Contingent employers’ liability policies are “inherently complex” and create confusion for insurance buyers, according to London market body the International…
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CRE Insurance
Parametric solutions will be ‘next cool thing’, says Mars risk manager
Parametric solutions will be “the next cool thing” for the risk management and insurance industry, according to Christopher de Wolfe,…
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CRE Insurance
CNA Hardy names Phipps head of claims for UK and continental Europe
The Hartford’s Michael Phipps is joining CNA Hardy as vice-president, head of claims for the UK and continental Europe. Mr…