Ben Norris
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CRE Insurance
RSA confirms Tryg and Intact in £7.2bn takeover talks to break up group
RSA has confirmed reports that it is leaning towards a joint takeover proposal from Intact Financial and Tryg, in a…
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CRE Insurance
AIG plans IPO or private sale of minority stake in life and retirement business
AIG plans to spin off its life and retirement unit through an IPO or staggered private sale, initially focusing on…
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Benelux
Dutch risk managers frustrated by insurers’ response to Covid-19 and hard market
Risk managers in the Netherlands are becoming increasingly frustrated by the attitude of insurers and warn that their behaviour may…
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BI
Pandemic pools may offer limited benefit to large corporations
Government-backed pandemic insurance solutions could be essential for protecting businesses against the next disease outbreak, but experts warn they could…
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BI
AGCS falls to €257m loss on back of Covid but rates up 22%
Allianz Global Corporate & Specialty (AGCS) has fallen to an operating loss of €257m in the first nine months of…
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CRE Insurance
AIG net income down 57% in Q3 as group books $790m P&C cat losses
AIG’s net income dropped 57% to $281m in the third quarter of 2020 as the firm’s general insurance business booked…
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BI
Beazley projects 2020 underwriting loss as claims mount
Lloyd’s insurer Beazley expects to post an underwriting loss for full-year 2020, but market hardening has increased the insurer’s appetite…
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CRE Insurance
Scor’s Q3 net income holds up despite storm losses
Scor has reported a slight fall in net income during the third quarter, comfortably absorbing storm losses in the US.…
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CRE Insurance
Lloyd’s pushes ahead with next stage of transformation strategy through Blueprint Two
Lloyd’s has launched the second phase of its modernisation strategy through Blueprint Two, which aims to build on previous work…
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Analysis & Opinion
The time and the place
Oliver Wild appears perfectly suited to the position of AMRAE president in this increasingly global world as he has British…
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BI
French pandemic insurance scheme likely delayed till crisis over
The proposed French state-backed pandemic insurance scheme to help businesses cope with future pandemics has made little progress since the…
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CRE Insurance
Hyperion returns to Howden brand in name change
Hyperion Insurance Group has changed its name to Howden Group Holdings, in a move described by the firm as a…
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Benelux
Risk managers won’t forget brutal renewals as pandemic response threatens coinsurance, warns Den Dekker
The rush by insurers to exclude pandemic risk from policies is threatening the future of the coinsurance system as the…
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Africa
Q3 insurance prices up 20% globally, 34% in UK and 15% in Europe: Marsh
Global insurance prices rose 20% in Q3, with increases of 34% in the UK and 15% in continental Europe, according…
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CRE Insurance
Munich Re slides to P&C reinsurance loss in Q3
Munich Re has reported a loss in its P&C reinsurance business in the third quarter, as Covid-19 and nat cat…
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CRE Insurance
Hannover Re’s profits shrink by 35% as P&C business hit by Covid-19
Hannover Re has reported a 33% drop in net income to €668m during the first nine months of 2020, after…
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Africa
Q3 insurance prices up 20% globally, 34% in UK and 15% in Europe: Marsh
Global insurance prices rose 20% in Q3, with increases of 34% in the UK and 15% in continental Europe, according…
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CRE Risk Management
Wildfires destroyed record areas of natural land in Europe, says EC report
Wildfires destroyed record levels of land in 2019 as it became the worst year for forest fires globally, according to…
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CRE Insurance
AXA XL set for €1bn capital injection as rates rise 20% in Q3
Strong rate increases of 20% at AXA XL’s insurance business in Q3 helped AXA group offset lower volumes of business…
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BI
RSA decision not to appeal Marsh Resilience wording a ‘significant’ win for buyers
RSA’s decision not to appeal the Marsh Resilience (RSA4) wording ruling in the Financial Conduct Authority’s (FCA) Covid-19 business interruption…