Ben Norris
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Asia
QBE suffers $712m H1 loss but rates up 10.3% in Europe
QBE has suffered a $712m net loss in the first half of 2020, from a profit of $531m in the…
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BI
Talanx says ‘clear progress’ in industrial lines despite effects of Covid-19
Talanx’s industrial lines business, which includes HDI Global and HDI Specialty, fell to a second-quarter loss of €10m as it…
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CRE Insurance
Multinational wording added to Chubb’s upgraded policy for UK tech firms
Chubb has enhanced its MasterPackage solution for technology firms in the UK that provides first- and third-party protection for companies…
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CRE Insurance
Lloyd’s Lab chooses insurtechs to boost Covid-19 response
Lloyd’s has chosen ten new insurtechs that will join its Lloyd’s Lab innovation programme to develop new solutions for tricky…
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Africa
Terror threat spreads in 2020 with civil commotion risk rising in advanced economies: Aon
More countries face the threat of terrorism in 2020 than last year, with multinationals increasingly at risk from right-wing extremists,…
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CRE Insurance
H1 disaster losses of $31bn below $36bn ten-year average, finds Swiss Re
Global insured property losses from disasters totalled $31bn in the first half of 2020, below the ten-year average of $36bn…
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Asia
AXA plans sale of Singapore business as Buberl sharpens focus on P&C
AXA is considering the sale of its Singapore business and other operations to help raise funds, sources have reportedly told…
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CRE Insurance
Chubb makes exec changes at global and US level
Chubb has appointed Paul Krump as vice-chairman of global underwriting and claims, with John Lupica named president of North American…
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BI
KCC places Isaias insured loss at about $4bn
Karen Clark & Company (KCC) estimates insured losses from Hurricane Isaias of about $4bn in the US and $200m in…
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Africa
Q2 rates up 31% in UK and 15% in continental Europe, with upward pressure for 2020: Marsh
Average commercial insurance price increases of 31% in the UK and 15% in continental Europe during the second quarter contributed…
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CRE Insurance
Berkshire Hathaway’s primary business reports lower Q2 and H1 earnings
Berkshire Hathaway’s primary insurance operation, which includes Berkshire Hathaway Specialty Insurance (BHSI), saw pre-tax underwriting earnings fall in Q2 and…
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CRE Insurance
Hurricane Isaias insured loss to top $1bn, says Aon
Aon estimates that Hurricane Isaias will cause insured losses of more than $1bn. This would make Hurricane Isaias the costliest…
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CRE Insurance
Report warns that Covid-19 is creating intangible risk blindspots
A report by Lloyd’s and KPMG warns of major intangible risk “blindspots” as the landscape changes for many businesses following…
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CRE Insurance
Winsee Cheung named UK placement leader at Marsh JLT Specialty
Winsee Cheung has been promoted to UK placement leader at Marsh JLT Specialty. Based in London, she will take on…
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CRE Insurance
Third Point Re and Sirius International to merge and create new global specialty (re)insurer
Third Point Re and Sirius International have announced a merger worth $788m to create a “top-tier” global specialty (re)insurer, SiriusPoint.…
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CRE Insurance
P&C pandemic claims will be more moderate for rest of year after spike in Q2, says Moody’s
Moody’s expects further P&C Covid-19 claims for European insurers during the rest of 2020, but believes they will be more…
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BI
AXA XL falls to €843m loss on back of pandemic hit
AXA XL posted a €843m loss in the first half of this year as the unit bore the brunt of…
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BI
Munich Re offsets another €600m pandemic loss with strongly rising premiums
Munich Re posted a decent profit for the second quarter of this year despite incurring another €600m of Covid-19-related losses…
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CRE Insurance
Hannover Re confirms Beirut blast will be ‘major loss’
As the international insurance and reinsurance market continues to count the massive cost of Covid-19, it now faces another big…
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BI
Liberty Mutual bullish about hardening as it reports big Covid-19 bill
Liberty Mutual’s second-quarter results were hammered by the combined impact of Covid-19 losses, higher-than-normal catastrophe claims and a significant hit…