Ben Norris
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CRE Risk Management
Swiss Re says pandemic must not hinder move to low-carbon economy
A new Swiss Re Institute SONAR report says that new risks and trends have been accentuated by Covid-19, but warns…
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CRE Risk Management
Business groups urge EU not to rush collective redress plans
Insurance Europe, the European insurance industry’s representative body, and a range of other European business groups have urged the European…
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CRE Insurance
AIG completes sale of majority stake in Fortitude Re
AIG has completed the sale of its 76.6% interest in Fortitude Group, which includes reinsurer Fortitude Re, to The Carlyle…
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CRE Insurance
Hard power market has ‘truly arrived’: Willis
The power sector faces a “truly” hard insurance market as insurers continue to demand price increases, restrict capacity and tighten…
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BI
AXA estimates €1.5bn insured loss from Covid-19 and reduces dividend
AXA expects Covid-19-related claims of about €1.5bn this year and has cut its dividend payment pretty much in half as…
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CRE Insurance
Pandemic may accelerate long-awaited London market reform
News that credit ratings agency AM Best believes the rise of Covid-19 may finally force the adoption of long-awaited reform…
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CRE Risk Management
Employees happier working at home, finds Cigna Europe study
Job satisfaction has increased in the UK during the Covid-19 outbreak amid enforced home working, according to a new study…
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Africa
New guide published to help risk committees carry out their role
The Chartered Governance Institute has published new terms of reference for risk committees to help guide boards through their growing…
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CRE Insurance
Spain’s non-life insurers maintain stable AM Best outlook amid Covid-19
The Spanish non-life insurance market has retained a stable outlook under AM Best’s analysis that found it has shown resilience…
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CRE Insurance
HDI Global Specialty partners with new Italian underwriting agency
HDI Global Specialty’s Italian branch has partnered with newly launched underwriting agency Marine Insurance Agency (MIA). Based in Genoa, the…
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BI
Insurers named in FCA BI test case as some accept previously disputed claims
Several insurers in the UK have agreed to pay previously disputed business interruption (BI) claims for Covid-19 as the Financial…
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BI
Pandemic Re moves forward with further insurance industry backing
Allianz CEO and Association of British Insurers (ABI) chair Jon Dye has become the latest major insurance industry figure to…
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BI
Brokers could be next in line for legal action over Covid-19 claims
Experts have warned that insurance brokers could be next in line for legal action from companies unable to get Covid-19…
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CRE Insurance
Class action claiming £18bn against easyJet for data breach
A class-action lawsuit potentially worth about £18bn has formed against airline easyJet after it revealed a data breach last week.…
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CRE Risk Management
ISO publishes first legal-risk standard
The International Standards Organisation (ISO) has approved the first legal-risk management standard, ISO 31022. It has been in development for…
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Benelux
EC approves Dutch state support for trade credit cover
The European Commission has approved a Dutch guarantee scheme to support the trade credit insurance market in the face of…
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BI
Large corporates in ‘robust discussions’ over Covid-19 BI claims
Large corporates are in “robust discussions” with their insurers and brokers over Covid-19 business interruption (BI) claims, as smaller businesses…
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CRE Insurance
Anchored vessels during pandemic create new risks for maritime sector, warns AGCS
Ships left idle during the Covid-19 pandemic have created a new set of risks for maritime companies, warns Allianz Global…
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CRE Insurance
Risk managers should drop one-dimensional registers
The onslaught of Covid-19 has revealed the pressing need for risk managers and their partners in the insurance sector to…
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Africa
Less than a quarter of firms plan return to old business model post-Covid-19, finds BCI survey
Less than a quarter of organisations plan to go back to their old business model after the Covid-19 pandemic, according…