Ben Norris
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Insurance
December 6, 2022
Two in five UK commercial properties underinsured as inflation hits
A worrying 40% of commercial properties in the UK are currently underinsured, with the number rising as inflation and Brexit…
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Cyber & Technology
December 6, 2022
Risk management and insurer groups urge US cyber backstop
A potential federal backstop for commercial cyber insurance markets in the wake of a catastrophic cyber event has drawn support…
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Pandemic
December 6, 2022
AXA wins Covid-19 exclusion case in Court of Cassation
The French Court of Cassation has confirmed its refusal to compensate the operating losses suffered by restaurateurs during lockdown in…
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ESG
December 6, 2022
German insurers report progress on ESG goals
German insurance companies have become the first in Europe to publish the carbon footprint for part of the entire industry’s…
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ESG
December 6, 2022
EIOPA opens debate on prudential treatment of sustainability risks
The European Insurance and Occupational Pensions Authority (Eiopa) has today published a discussion paper on the prudential treatment of sustainability…
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People Moves
December 6, 2022
DUAL Europe appoints Pastarini to head up marketing
Howden’s specialist managing general agent DUAL Europe has appointed Diana Pastarini as head of marketing. Based in Milan, Pastarini will…
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Market
December 5, 2022
AM Best warns of further US hardening in 2023 as inflation bites
AM Best analysts say that insurance managers in the US should expect further market hardening next year but are confident…
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Insurance
December 5, 2022
Moody’s turns negative on global P&C industry
Moody’s has revised its outlook for the global P&C insurance industry to negative from stable because of the impact of…
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Legal & Regulation
December 5, 2022
EU set to impose bloc-wide criminal penalties for breaching Russia sanctions
All EU countries will impose the same criminal penalties for breaches of sanctions against Russia under a new proposal by…
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Cyber & Technology
December 5, 2022
Nearly half of UK manufacturers hit by cyberattack
Nearly half of UK manufacturers (42%) have been hit by a cyberattack during the past 12 months, according to research…
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People Moves
December 5, 2022
NatWest names Foad new CRO
NatWest bank has appointed Keiran Foad as chief risk officer (CRO) to replace Bruce Flectcher when he retires in 2023…
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ESG
December 5, 2022
More work needed to promote insurance sector inclusivity, say panellists
Despite recent progress, the insurance industry still has work to do to build inclusive cultures where more women can advance…
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Risk Management
December 2, 2022
Risk managers advised to use analytics to tackle threat of underinsurance
Slowing economic growth and rising inflation will make 2023 a challenging year for corporate risk and insurance managers as CFOs…
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Reinsurance
December 2, 2022
Mapfre Re injects €250m to tap hardening market
Spanish giant Mapfre will inject €250m in group capital to boost its reinsurance capacity and take advantage of rising rates.…
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M&A
December 2, 2022
BMS investors consider sale and other options: reports
Investor owners of brokerage BMS Group are considering selling the (re)insurance broker as part of a review, according to Bloomberg.…
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North America
December 2, 2022
Product recalls reach 20-year high in US, finds Sedgwick
Product recalls in the US reached a 20-year high with an entire quarter of the year left, according to the…
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People Moves
December 2, 2022
Reask boosts nat cat parametric offering as Schmid joins from Munich Re
Modelling firm Reask has appointed former Munich Re man David Schmid as head of parametrics to help boost solutions across…
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On Demand
December 2, 2022
EU organisations with voluntary affinity schemes likely to need broker licence after ECJ ruling
Companies that distribute group voluntary insurance schemes to customers in Europe, such as optional extended warranties, are being urged by…
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Association News
December 1, 2022
ESG is worth it… despite the global meltdown
The Commercial Risk team arrived in Antwerp this week to host our latest annual conference, with Belgian risk and insurance…
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Benelux
December 1, 2022
Belgian and Dutch risk managers warned to prepare for delayed whistleblower laws
Belgian risk and insurance managers have been advised to take action to prepare for the country’s delayed transposition of the…