Ben Norris
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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…
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BI
Hurricane Zeta losses up to $5bn
RMS estimates that onshore US insured losses from Hurricane Zeta could reach $5bn, the highest figure put forward by any…
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BI
FCA and insurers granted appeals in BI test case
The UK’s Supreme Court has granted all applications for appeal in the Financial Conduct Authority’s (FCA) Covid-19 business interruption (BI)…
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CRE Insurance
Marsh’s index shows record rate increases of 20% in Q3
Marsh’s latest Global Insurance Market Index again showed record price increases as commercial P&C buyers faced up to average rises…
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CRE Insurance
IUMI sees early signs of recovery in marine insurance
The marine insurance market is showing early signs of recovery from the impact of Covid-19 on trade and shipping, but…
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BI
AIR estimates up to $3.5bn US losses from Hurricane Zeta
Onshore US insured losses from Hurricane Zeta will cost between $1.5bn and $3.5bn, according to estimates from AIR Worldwide. The…
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CRE Risk Management
French risk managers say summer work should boost resilience through latest lockdown
French risk managers have told Commercial Risk Europe that work they carried out during the summer to boost business continuity…
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BI
Onshore Hurricane Zeta losses close to $4.4bn, says KCC
Onshore insured losses from Hurricane Zeta will be close to $4.4bn, with $4.3bn of wind and storm surge claims falling…
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CRE Insurance
Hiscox says rates at five-year high as it reserves $75m for Q3 cat losses
Hiscox CEO Bronek Masojada said in a trading statement ahead of full Q3 results that the first nine months of…
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CRE Insurance
ICO slashes Marriott GDPR fine to £18.4m
UK regulator the Information Commissioner’s Office (ICO) has slashed its proposed GDPR fine of almost £100m against hotel group Marriott…