Ben Norris
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BI
Geneva report says insurers would need 150 years of premium to cover Covid-19 BI losses
A new report by The Geneva Association concludes that there is “nowhere near” enough capacity in the P&C insurance industry…
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CRE Risk Management
GRI sustainability reporting standards published in Portuguese
Sustainability reporting standards published by the Global Reporting Initiative (GRI) have been translated into Portuguese to expand access and boost…
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CRE Insurance
Insurers move to support scattered workforces
The Covid-19 pandemic has caused social upheaval on a global scale, leaving risk managers and their organisations coping with a…
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CRE Insurance
Zaffino named AIG CEO
Peter Zaffino will become AIG’s CEO in March when he takes over from Brian Duperreault, who will become executive chairman.…
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CRE Insurance
Proactive risk management needed to avoid wave of mental health claims
Companies must take a proactive approach to employee wellbeing as mental health issues and stress climb during the pandemic. Mental…
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CRE Insurance
AIG suffers $790m Q3 cat loss and plans to split the group
AIG said it will spin off its life and retirement business from P&C operations, as it estimated catastrophe losses of…
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CRE Insurance
Marsh appoints Carolina Klint as risk management leader in Europe
Marsh has appointed Carolina Klint as risk management leader for continental Europe to serve the region’s biggest organisations. Ms Klint…
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Africa
State-backed global aviation pool for BI cat risks mooted by insurance association
The International Union of Aerospace Insurers (IUAI) is exploring the idea of a global government-backed insurance pool to cover future…
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CRE Insurance
Coverys buys Italian Lloyd’s broker and coverholder Bridge
Coverys European Holdings (CEH) has bought Italian broker and Lloyd’s coverholder Bridge Insurance Broker as it continues the expansion of…
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CRE Insurance
SII review could reduce capital burden for UK insurers in 2021, says Fitch
The UK could reform “burdensome aspects” of Solvency II (SII) as early as next year, said Fitch in response to…
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CRE Insurance
Paragon teams with CyberCube to help clients manage cyber risk
Paragon International Insurance Brokers has teamed up with CyberCube to roll out the firm’s cyber risk platform, Broking Manager, to…
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Africa
North P&I Club adds route risk tool
Shipping insurer North P&I Club has launched a route risk management tool for members to help them identify hazards in…
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BI
BI litigation fallout to restrict cover further
Covid-19 has sparked a wave of insurance coverage litigation that is set to lead to further restrictions on business interruption…
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CRE Risk Management
Willis partners with Wharton institute on corporate risk research
Willis Towers Watson (WTW) has formed a new partnership with the Mack Institute for Innovation Management at the University of…
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CRE Insurance
QBE appoints Pryce interim CEO as search to replace Pat Regan continues
QBE Insurance has named retiring CEO of international business Richard Pryce as interim group CEO until a permanent replacement is…
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CRE Insurance
Mangrove insurance scheme would tackle flooding risk in Caribbean, says new research
Scientists have proposed an innovative insurance scheme that would help restore mangroves to defend against flood risk in the Caribbean.…
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CRE Insurance
Risk managers unlikely to forget insurers that fail to deliver at renewals
The approach being taken by many insurers in the hard market is proving challenging, threatening long-term relationships and likely to…
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CRE Insurance
EU clients face Brexit disruption, warn UK regulators
European clients of UK financial services firms could still face disruption when the Brexit transition period expires on 31 December,…
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CRE Insurance
Time looks right for dedicated ESG risk manager
As environmental, social and corporate governance (ESG) becomes an increasingly big topic for organisations around the world, it seems the…
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CRE Insurance
Claims processing startup wins Zurich’s innovation award
P&C claims processing startup ClaimFlo has won the top prize in Zurich Insurance’s year-long Innovation Championship 2020. Developed by New…