Ben Norris
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BI
FCA launches Covid-19 BI case in High Court against eight insurers
The UK’s Financial Conduct Authority (FCA) has commenced legal proceedings against eight insurers, aimed at resolving the growing number of…
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CRE Insurance
Enstar gets $610m PE backing for StarStone US as insurers position for hard market
Enstar has received $610m of private equity backing to recapitalise US P&C insurer StarStone US, as it becomes the latest…
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CRE Insurance
SCOR Channel makes specialty insurance appointments
SCOR Channel, part of the reinsurer’s specialty insurance platform, has appointed Christian Stanley as head of underwriting insight and Christianna…
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CRE Insurance
Honda hit by cyberattack
Honda has been hit by a cyberattack that affected operations around the world, with most experts blaming ransomware. The Japanese…
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CRE Insurance
Electric vehicles to fundamentally change auto manufacturing risks
The transition to electric vehicles (EVs) will mean new risks and claims scenarios for manufacturers, suppliers and insurers, according to…
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CRE Insurance
Aon teams with The Climate Service to help companies get on top of climate risks
Aon is collaborating with The Climate Service (TCS) to help clients better understand and manage climate risks. It has entered…
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Africa
Zurich names new legal panel for large and complex EMEA claims
Zurich Insurance has named its new legal panel to help to manage large and complex claims across the Europe, Middle…
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CRE Insurance
Ransomware up 25% in Q1 as Beazley predicts second-quarter jump in phishing scams
Beazley has reported a 25% increase in ransomware attacks during the first quarter of this year compared to Q4 2019,…
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CRE Insurance
Lancashire and Fidelis raise capital to take advantage of hardening market
Lancashire Holdings and Fidelis are the latest insurers to raise fresh capital in anticipation of further (re)insurance market hardening, partly…
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CRE Insurance
WTW faces more shareholder action over Aon deal
Another lawsuit has been filed in the US against Willis Towers Watson (WTW) in connection with its planned merger with…
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CRE Insurance
M&A insurance claim frequency and severity rises: Aon report
The rate of claims against merger and acquisition (M&A) insurance policies is likely to rise after Covid-19, according to analysis…
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Africa
Dive In festival goes virtual in 2020
The global Dive In festival that promotes diversity and inclusion in the insurance industry will take place online for the…
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Climate Change
Berkshire lunches EIL cover in France
Berkshire Hathaway Specialty Insurance (BHSI) is now offering environmental impairment liability (EIL) insurance in France. The company said the new…
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Asia
AXA XL names Xavier Veyry CEO of Eurasia
AXA XL has named Xavier Veyry CEO of Asia and Europe, as the firm continues to build its new leadership…
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Africa
Machine Cover to launch parametric BI pandemic product in 2021
US-based insurtech Machine Cover is developing a parametric-based insurance product that will protect lost revenue from big economic events such…
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BI
Covid-19 BI class actions continue to mount
Class actions against insurers denying Covid-19-related business interruption (BI) claims are mounting, with yet another collective action launched in the…
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CRE Insurance
‘Drift’ to remote working creating future liability and risks
An unmanaged “drift” towards home working during the pandemic could store up future liability and wellbeing issues for employers, experts…
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CRE Insurance
HDI Global Specialty launches London political and credit risk team with Neon hires
HDI Global Specialty has launched a political and credit risk team in London after hiring Nick Robinson and Anthony Vaughan…
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CRE Insurance
GRS launches major loss adjusting unit for large businesses
Loss adjuster Global Risk Solutions (GRS) has launched a major and complex loss operation, as well as two strategic partnerships…
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CRE Risk Management
UK sees first fall in modern slavery victims for four years
The UK has recorded a 14% quarterly fall in modern slavery victims during the first three months of 2020. It…