Ben Norris
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CRE Insurance
HDI Global Specialty hires more Neon staff
HDI Global Specialty has boosted its management liability and financial institutions team with two hires from Neon Syndicate 2468, continuing…
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Construction
Pandemic accelerating market hardening in Europe, says Marsh
Hardening of the European insurance market is gathering pace, as the coronavirus pandemic adds to existing pressures driving price increases…
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Association News
Ferma survey reveals hard market is number one insurance buyer concern
Even before Covid-19 struck and made things worse for buyers, the hard commercial insurance market was already the biggest concern…
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BI
Hiscox claims ‘false premise’ in FCA BI test case as insurers submit defence
UK regulator the Financial Conduct Authority (FCA) has asked buyers to respond to the defences of eight insurers in its…
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CRE Insurance
Bayer agrees to settle legacy litigation and Roundup claims for over $10bn
German pharmaceutical firm Bayer has agreed to pay between $10.1bn and $10.9bn to settle three major litigations it inherited when…
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CRE Insurance
J&J loses talc appeal but court slashes damages
Damages awarded to women who claimed Johnson’s baby powder and other talc products caused ovarian cancer have been slashed in…
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BI
FCA denies conflict of interest for its lawyers in BI test case
The UK’s Financial Conduct Authority (FCA) has denied there is any conflict of interest for law firms representing the regulator,…
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CRE Insurance
Munich Re unable to provide 2020 profit guide amid fears of second Covid-19 wave
Munich Re has said it is not in a position to issue new profit guidance for 2020 because the threat…
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BI
AXA agrees further BI settlement with French restaurant owner: reports
Reuters has reported a further settlement agreement between AXA and French restaurant owner Stéphane Manigold following last month’s court decision…
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CRE Insurance
UK announces plans to ‘tailor’ Solvency II and brings forward review
The UK government has announced plans to tailor Solvency II rules to better suit its insurers once the Brexit transition…
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Aviation
Aviation rates set to rise from Covid-19 but cover available
The cost of aviation insurance is set to rise further as Covid-19 changes the underlying risk and insurers seek minimum…
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CRE Insurance
Debt markets support insurer growth as industry looks to capitalise on higher rates, says S&P
A harder insurance market and investor appetite will support insurers’ debt during the current Covid-19 uncertainty, according to S&P. The…
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CRE Insurance
Beazley develops new cover for surge in virtual events
Beazley has developed a new contingency policy to cover live virtual events that have increased dramatically since the Covid-19 pandemic…
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CRE Insurance
Rathi named head of FCA
Chief executive of the London Stock Exchange (LSE) Nikhil Rathi has been appointed CEO of UK regulator the Financial Conduct…
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CRE Risk Management
Zurich says Covid-19 highlights weakness of disaster risk management
Disaster risk management is falling behind the growing threat of natural hazards and other major events, according to Zurich’s latest…
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Benelux
EU continues fight against rising protectionism and clarifies sanctions
The European Union's efforts to tackle rising protectionism worldwide managed to generate some €8bn in additional exports during 2019. But…
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Africa
AGCS in board shakeup as Browne and Mai depart
Allianz Global Corporate & Specialty (AGCS) has shaken up its board of management and made Henning Haagen head of all…
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CRE Insurance
Swiss Re Corporate Solutions adds Finnish insurer to international programme platform
Swiss Re Corporate Solutions (SRCS) has added Finnish insurer LocalTapiola to its International Programme Administration (IPA) platform, which uses computer…
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BI
Mactavish concerned Herbert Smith Freehills has conflict of interest in FCA test BI case
Insurance governance firm Mactavish believes law firm Herbert Smith Freehills that is representing UK regulator the Financial Conduct Authority (FCA)…
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CRE Insurance
Lloyd’s says sorry for slave trade past
Lloyd’s has apologised for its historical links to the slave trade, in the latest development to stem from the Black…