Ben Norris
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Association News
Risk managers urged to move fast and explore options in face of capacity crunch
Risk management association leaders across Europe are urging their members to move fast ahead of coming renewals to clarify exactly…
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BI
Marsh analysis confirms steep rise in captive usage as hardening accelerates
Broker Marsh has confirmed the fast-rising demand for captives among risk managers, as they seek to manage costs within the…
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Association News
AI the next frontier for risk management software, says Amrae
The integration of artificial intelligence (AI) tools is the next frontier for developers of risk management software, according to AMRAE,…
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CRE Insurance
Covid-19 has pushed insurers forward ‘by a generation’, says IUMI
The Covid-19 pandemic has forced the insurance industry to digitalise “in a few short months” and moved the sector forward…
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BI
Insurers count cost of Covid-19 BI judgment
Insurers are reassessing their liability exposures to business interruption (BI) claims following yesterday’s “complex” High Court judgment on BI wordings…
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DACH (Deutsche)
Deutsche Versicherer verteidigen Prämienerhöhungen nach jahrelangen Verlusten
Führende deutsche Industrieversicherer rechtfertigten in einer Podiumsdiskussion zum Abschluss des kürzlich abgehaltenen virtuellen GVNW-Symposiums Prämienerhöhungen von bis zu 30% und…
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BI
High Court finds in favour of policyholders on key BI test case issues
The High Court has largely found in favour of policyholders in a crucial test case aimed at resolving disputed Covid-19-related…
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CRE Insurance
Scor raises €300m in notes issue
Scor is set to raise €300m in a Tier 2 notes issue placement. The French reinsurer said it will use…
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BI
CII calls for action to avoid future coverage disputes
The Chartered Insurance Institute (CII) has called on the UK government and insurance industry to take action to avoid future…
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Climate Change
Daimler and US authorities finalise $1.5bn dieselgate settlement
German car manufacturer Daimler and its subsidiary Mercedes-Benz have settled actions brought by US authorities over their role in the…
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BI
Sally strengthens to hurricane as it tracks to make Mississippi landfall
Tropical Storm Sally has been upgraded to a hurricane as it heads towards the US Gulf Coast, with landfall expected…
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CRE Insurance
Lloyd’s creates new US market development role for Schoberth
Lloyd’s has appointed Uwe Schoberth to the newly created post of US market development director, which Lloyd’s said will expand…
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BI
US August storms caused $20bn+ in damage, says Aon
Nine tropical storms that made landfall in August will cost the US economy more than $20bn, according to Aon’s global…
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BI
Hannover Re warns of sharp rate increases in 2021
Hannover Re expects widespread price rises in both reinsurance and insurance markets in 2020 as the industry reacts to the…
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CRE Risk Management
Hurricane Paulette and Storm Sally fill promise of busy season; US wildfires total almost 100
The entire island of Bermuda is inside the eye of Hurricane Paulette, warned the US National Hurricane Center (NHC) early…
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Asia
New Dawn Risk expands in Asia with SpecialistRe partnership
London market broker New Dawn Risk Group is to enter a new partnership with Singapore-based SpecialistRe, which it said will…
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Captives
Companies increasingly turning to captives for D&O protection as market hardens
The hard directors and officers (D&O) insurance market is leading a growing number of companies to place the risk in…
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CRE Insurance
German insurers ready to back green recovery but incentives and rule changes needed first
The EU Commission aims to mobilise €1trn of investment for its Green Deal over the next 10 years as part…
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Analysis & Opinion
Howden accelerates plan to be credible global alternative for risk managers
Howden, the london-based international specialty broker that is part of the Hyperion Insurance Group and 46% staff-owned, aims to become…
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Analysis & Opinion
Sompo ready to ramp up European and international corporate business
Sompo International, a global specialty provider of property and casualty (re)insurance, is about to embark on a significant communications effort…