Ben Norris
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Asia
Sompo International launches new branding on back of strong premium growth
Japanese insurance giant Sompo has reported adjusted first-half 2020 profit down by JPY20.2bn to JPY7.4bn, mainly because of the impact…
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Africa
Covid-19 accelerates need to focus on people risk and value
It has never been more important than in the post-Covid-19 world for organisations to recognise that people are their most…
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CRE Insurance
RSA agrees £7.2bn sale to Intact and Tryg
RSA has agreed a £7.2bn sale to Intact Financial and Tryg that will see the insurer broken up. Scandinavian insurer…
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CRE Insurance
Catlin’s Convex Group raises $1bn in fresh capital
Bermuda’s Convex Group has raised $1bn in additional capital following its launch in April 2019 when it was backed by…
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CRE Insurance
RSA Luxembourg appoints new head of liability
RSA Luxembourg has appointed Marilyne Furlan as its new head of liability lines for Europe. Ms Furlan has led the…
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Captives
Captives face IPT tax scrutiny as they take on more risk
A leading captive manager has warned that captives may face additional insurance premium tax (IPT) as they take on more…
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Captives
MAXIS GBN boosts OneClient portal for captives and multinationals
MAXIS Global Benefits Network (MAXIS GBN) has launched a suite of new data and digital services on its OneClient portal…
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CRE Insurance
Pandemic uncertainty fades for top reinsurers, says Fitch
The largest four reinsurers are anticipating further rate hardening in 2021 despite the fact that uncertainty over pandemic losses is…
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CRE Insurance
Zurich surpasses environmental and social impact investment target
Zurich has exceeded its three-year $5bn target for investment in environmental and social projects, and said it has become the…
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Asia
Suncorp adds $125m to BI reserves after Victoria’s Covid-19 lockdown
Australian insurer Suncorp has set aside a further $125m in reserves for potential business interruption (BI) claims following the second…
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CRE Insurance
UK regulator says insurers have ignored warning on reserves
The UK’s Prudential Regulation Authority (PRA) has told financial lines insurers to correct any weaknesses in reserving and warned it…
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CRE Risk Management
Mactavish points finger at brokers for ‘major flaws’ in pandemic risk assessment
New research by Mactavish has revealed “major flaws” in risk assessment and reporting among the largest UK firms when it…
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CRE Risk Management
Risk managers must embrace change or risk wasting higher budgets post-Covid-19
Risk management budgets are likely to increase following Covid-19, but investment in the same old frameworks will mean many companies…
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CRE Insurance
Gallagher urges P&I clubs to limit premium increases at renewal to around 5%
The drive from P&I clubs to push through double-figure premium increases at upcoming renewals should be tempered by the financial…
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Asia
Buberl calls for focus on public-private partnership for systemic risk
AXA CEO Thomas Buberl used the closing CEO debate at the Pan Asia Risk & Insurance Management Association (Parima) Resilience…
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Africa
Verisk Maplecroft releases ‘unique’ subnational human rights index
Verisk Maplecroft has released the world’s first subnational human rights risk index, to help multinationals undertake risk assessments in more…
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Africa
AXA XL digitalises physical risk services for risk managers
AXA XL Risk Consulting has launched a new digital global risk assessment service called Risk Scanning to undertake multi-peril assessments…
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CRE Insurance
WTW buys climate change consultancy Acclimatise
Willis Towers Watson (WTW) has bought climate change adaption business Acclimatise, to build on its existing Climate and Resilience Hub…
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CRE Insurance
Talanx profits fall on Covid and nat cat losses
Talanx has reported a 30% fall in profits during the first nine months, as Covid-19 and catastrophe claims drove underwriting…
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CRE Insurance
Generali’s net profit down 40% in first nine months of 2020
Generali’s net profit slumped 40% in the first nine months of 2020 to €1.3bn, after it booked more than €600m…