Ben Norris
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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…
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BI
Everest Re sees opportunities for growth on back of strong price increases
Bermuda-based reinsurance and specialty insurance group Everest Re took a pandemic-related hit of $160m for the second quarter of this…
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Construction
‘Turbocharged’ insurance market posing problems for construction firms, warns Mactavish
Covid-19 has “turbocharged” already rising construction insurance premiums and eroded the quality of cover, according to Mactavish. It also warned…
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Africa
Rising supply chain risk as pandemic ‘upends’ resilience
Analysis by the British Standards Institution (BSI) shows that while Covid-19 clearly remains the biggest supply chain risk, threats from…
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Aviation
AGCS suffers €488m Covid-19 claims in H1 but revenues healthy
Allianz Global Corporate & Specialty (AGCS), the corporate insurance arm of Munich-based Allianz Group, has estimated Covid-19 claims of €488m…
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CRE Insurance
Hannover Re profits battered by pandemic despite hardening market
Hannover Re took a hit of €380m in the second quarter for expected losses related to Covid-19, bringing the total…
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Aviation
AIG says rate increases strongest in last 20 years but posts Q2 $7.9bn loss
AIG execs have told analysts that market hardening is the strongest for decades, on the back of Covid-19, and are…
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Association News
Covid-19 laid bare lack of preparedness but presents opportunity for rethink: Graham
Covid-19 has “laid bare a lack of preparedness” among organisations and governments to deal with pandemics and presents an “unprecedented…
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Benelux
Coface to back further state-backed credit insurance schemes
Xavier Durand, CEO of France-based international credit insurance group Coface, reported that the company has now entered into agreements with…
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BI
CNA’s Robusto says hardening market must continue
Chairman and CEO of US-based international insurance group CNA Financial, Dino Robusto, said the healthy rate increases his firm has…
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BI
Large firms could also benefit from FCA’s test case, says claimant lawyer
Large corporates may stand to benefit from the Financial Conduct Authority’s (FCA) business interruption (BI) test case, which finished last…
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BI
Duperreault says Covid-19 remains earnings event despite AIG’s Q2 $7.9bn loss
AIG posted a net loss attributable to shareholders of $7.9bn in the second quarter of this year, compared with a…
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CRE Insurance
British Airways thinks proposed record GDPR fine will now total just £20m
British Airways (BA) is confident it will get a huge reduction in the record £183.4m (€204.8m) GDPR fine it is…
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CRE Insurance
Aon WTW deal on track for H1 2021
Aon’s $30bn takeover of Willis Towers Watson (WTW) is on track and expected to complete in the first half of…