Ben Norris
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CRE Insurance
Energy losses spike over last two years as resilience lags risk, warns Marsh JLT
Eight of the largest energy losses on record took place in the last two years, according to a new report…
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CRE Insurance
Zurich creates new lead underwriting roles
Zurich Insurance Group has created two underwriting roles with the appointment of Ralph Brand as global head of casualty, financial…
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CRE Risk Management
Return to work under Covid-19 brings swathe of new risks: Marsh
Businesses planning to restart after Covid-19 lockdowns will have to tread new ground when it comes to risk, following more…
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Association News
Ferma launches taskforce to push for public-private NDBI insurance solution for all cat risks
Ferma and its member associations have launched a taskforce to push the EU, national governments and insurance industry towards providing…
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CRE Insurance
Insurers report big rate increases and expect Covid-19 to reinforce hardening
Insurers have reported sizeable rate increases in the first quarter and numbers show the hardening is getting worse for buyers,…
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BI
Covid-19 provisions continue to hammer insurer earnings but balance sheets secure for now
The latest set of leading European and global (re)insurance company results have starkly shown the huge impact Covid-19 is having…
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CRE Risk Management
Risk managers face tough decisions as restarts loom
As governments look to ease coronavirus lockdown measures, some companies will have to reinvent themselves as risk managers find ways…
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CRE Insurance
CFC reports key cyber scams facing homeworkers during coronavirus pandemic
Fake websites offering safety information, criminals posing as government agencies and malicious maps showing the spread of the virus are…
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CRE Insurance
Hiscox raises fresh capital to secure balance sheet as virus battles loom
Hiscox has raised £375m from placing 57.6 million new shares, almost 20% of its existing share capital, as the firm…
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Analysis & Opinion
Innovation coming to fore through Covid-19 crisis, says Louppe
Being prepared and flexible has been key in finding innovative solutions to working through the Covid-19 crisis, according to Florence…
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BI
US retroactive BI legislation poses ‘existential threat’ to P&C insurers, warns AM Best
Legislation in the US to retroactively cover Covid-19 business interruption (BI) claims would wipe out up to half of US…
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Asia
ICC and International SOS launch app to certify Covid-19 antibodies
The International Chamber of Commerce (ICC) has partnered with International SOS to launch a mobile app that will allow users…
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CRE Insurance
Legal US cannabis industry faces $1bn insurance gap
A new report warns of a $1bn insurance protection gap for the legal US cannabis industry and says the coronavirus…
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CRE Risk Management
AGCS warns firms of reboot risks after Covid-19 lockdown
Businesses preparing to restart operations that have been left idle during the Covid-19 lockdown must take action to mitigate elevated…
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CRE Insurance
Chubb appoints Wilson as deputy CUO for global markets business
Chubb has appointed Robert Wilson as deputy chief underwriting officer and head of underwriting operations for Chubb Global Markets (CGM).…
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CRE Insurance
Mapfre says Q1 profit ‘dragged down’ by a third from nat cat losses
Mapfre has warned that profits in the first quarter fell by almost a third to €127m, as it was hit…
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BI
Thor Equities attempts to pierce FM Global’s BI sub-limit with $20m suit
FM Global is being sued by a commercial property owner in New York for Covid-19 rental and business interruption (BI)…
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Pandemic to drive reinsurance losses and hamper rate increases, says Fitch
Global reinsurers will see losses climb in 2020, with combined ratios forecast to be at their highest since 2017 and…
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BI
NAIC issues call for data to assess scale of virus BI exposure
Insurance regulators in all 50 US states will submit data on insurers’ Covid-19 business interruption (BI) exposures to the National…
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Benelux
RMS develops European convective storm model
RMS has launched a new model for convective storms in Europe, which caused €12bn of insured losses between 2013 and…