Ben Norris
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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…
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CRE Insurance
Marsh JLT Specialty appoints Aon’s David Lindqvist as head of Nordics
Marsh JLT Specialty has appointed David Lindqvist head of its Nordics region to serve large and specialty corporates. Mr Lindqvist…
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CRE Insurance
WTW launches new cyber risk assessment services
Willis Towers Watson (WTW) has launched two cyber risk assessment services to help clients deal with people risk and ransomware,…
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Association News
Rims names Soraya Wright as vice-president of strategic initiatives
Rims has appointed Soraya Wright as vice-president of strategic initiatives to replace Carol Fox, who is retiring. Ms Wright was…
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BI
Market grows increasingly ruthless but rate of hardening may have peaked
The insurance market is getting tougher for buyers and experts predict conditions will worsen this year, but there is some…
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CRE Insurance
Global M&A surge in Q4 set to continue in 2021: WTW
Global merger and acquisition (M&A) activity fell to its lowest level last year since the financial crisis, but a surge…
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CRE Insurance
Dawn Risk launches UK division as alternative to big brokers
Specialty intermediary New Dawn Risk has launched a new division focused on the UK market, to offer buyers an alternative…
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Aviation
Aon launches fuel price insurance for shipping, aviation and other firms
Aon has launched a new fuel insurance product for shipping and aviation clients to protect buyers against rising fuel prices.…
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CRE Insurance
McGill and Partners sets up in Ireland for post-Brexit EU access
McGill and Partners is setting up a European operation in Ireland to service EU customers post-Brexit. The office will be…
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CRE Insurance
New Lloyd’s broker created in Germany to allow clients access to EU and UK markets
A new joint venture between Seventeen Group, which owns London-based brokerage James Hallam and MGA Touchstone Underwriting, and German broker…