Ben Norris
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Association News
Ferma president urges insurers to improve pandemic response
Insurers need to be more proactive in their response to the coronavirus pandemic and work with governments on solutions for…
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CRE Insurance
British Airways’ GDPR fine cut to £20m
British Airways has had its proposed £183.4m GDPR fine reduced to £20m by the UK’s Information Commissioner’s Office (ICO). The…
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CRE Insurance
HDI Global Speciality enters German fine art market
HDI Global Specialty is entering the German fine art and high-net-worth insurance market and has hired Dr Alexander Wiebe from…
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CRE Insurance
Enstar ups Watford bid and pours scorn on deal with Arch
Enstar has come out fighting in its battle with Arch Capital to buy Watford Holdings by upping its offer, complaining…
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CRE Insurance
RMS places onshore US Hurricane Delta losses between $2bn and $3.5bn
RMS has estimated onshore US insured losses from last week’s Hurricane Delta at between $2bn and $3.5bn, with additional claims…
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Asia
P&C insurers deliver 2019 underwriting profit and 97.4% combined ratio
The global P&C insurance industry produced another underwriting profit last year and a combined ratio of 97.4%, according to Aon’s…
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CRE Insurance
AXA completes sale of operations in Poland, Czech Republic and Slovakia to UNIQA
AXA has completed the sale of its operations in Poland, Czech Republic and Slovakia to UNIQA Insurance Group for €1bn.…
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CRE Insurance
Czech insolvency levels set to rise at year-end as relief measures expire, warns Atradius
Corporate insolvency is expected to surge in the Czech Republic towards the end of this year as pandemic relief measures…
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CRE Insurance
Neal says market transformation must reduce costs for clients rather than boost margin
Lloyd’s CEO John Neal has promised buyers that the market’s modernisation plans to reduce costs will pass on savings to…
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CRE Insurance
European multinationals suffering worst in hard market but capital influx offers hope
Multinational European companies with exposures in the US and Asia are being hit harder by tough commercial insurance conditions than…
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CRE Risk Management
IRM to offer risk apprenticeships in UK
The Institute of Risk Management (IRM) has been approved to offer UK apprenticeships in risk and compliance that can run…
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BI
Modellers say Hurricane Delta loss could reach $3bn
AIR estimates insured losses from Hurricane Delta will be between $1bn and $3bn, with Karen Clark & Company (KCC) putting…
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CRE Insurance
CFC launches new cover for M&A IP risks
Specialty insurer CFC has launched a new cover that protects buyers from intellectual property (P) infringement risks in mergers and…
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CRE Risk Management
Poll shows public trust in corporate sustainability reports at record high
Trust in corporate social and environmental performance is at its highest ever level, according to a global poll by GlobeScan…
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CRE Insurance
Arch Capital’s Q3 results hit by up to $210m of nat cat and virus losses
Arch Capital said natural catastrophes and pandemic claims will cause losses of between $190m and $210m in the third quarter.…
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CRE Insurance
AXIS estimates Q3 cat losses of $225m to $255m
AXIS Capital Holdings has disclosed a net loss estimate of between $225m and $255m for the third quarter. The Bermudian…
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CRE Insurance
Focus must firmly shift to risk management as market hardens
Europe’s risk and insurance managers need to focus firmly on risk management, mitigation and loss prevention as insurance budgets shrink…
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CRE Insurance
KCC places Hurricane Delta losses at $1.25bn
Karen Clark & Company (KCC) estimates that onshore insured losses from Hurricane Delta will be close to $1.25bn. The estimate…
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Aviation
Aviation rate increases accelerate going into Q4 renewal, says Gallagher
Aviation clients face further rate hardening as the market enters its busiest time for renewals in the fourth quarter, according…
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CRE Insurance
Nihoul warns problems ahead as Covid-19 cutbacks clash with hard market
Ferma board member Laurent Nihoul fears that the hardening insurance market is about to become even more problematic for buyers…