Ben Norris
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CRE Insurance
Arch Capital buys 29.5% stake in Coface
Bermuda’s Arch Capital has acquired a 29.5% stake in French trade credit insurer Coface from Natixis in a deal valued…
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CRE Insurance
Moody’s says insurers’ retreat from coal is credit positive
Moody’s says that recent high-profile moves by leading European insurers and reinsurers to pull back from underwriting and investing in…
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Africa
Firms ill prepared for prolonged coronavirus impact: Marsh
Marsh Risk Consulting has warned that most businesses are not prepared for any prolonged impacts from a globally-spreading infectious disease…
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Africa
Aon names Andersen president as O’Connor leaves the firm
Aon has named Eric Andersen president, as the broker steps up execution of its Aon United blueprint for growth. Michael…
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Africa
S&P says EMEA and US insurers will take coronavirus claims ‘in their stride’
European and US insurers are likely to comfortably deal with claims from the current coronavirus outbreak, according to S&P. However,…
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BI
Hard European market set to last for at least two years, warns Aon
Aon said it is now clear that risk managers are heading towards a hard commercial insurance market in Europe following…
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CRE Insurance
Financial services risk $1trn from failure to respond to climate change: Oliver Wyman
Financial services firms that are slow to move to a low-carbon economy risk costing the industry up to $1trn, according…
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Aviation
Coronavirus spikes in Europe as Italy places northern towns on lockdown and global pandemic fears mount
The impact of Covid-19 hit Europe hard over the weekend, as the Italian government in particular took drastic action to…
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Asia
Maritime industry faces multibillion-dollar bill for coronavirus with insurance cover limited, warns DWF
With insurance cover limited, many companies in the maritime industry will be forced to take a financial hit from the…
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Association News
French risk managers urged to help build new social contract as the world transforms
French risk and insurance managers must step up their efforts to explain the value they offer to the c-suite in…
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CRE Insurance
P&I clubs pushing up prices
After three years of stable pricing, a large majority of P&I clubs have announced general increases for the 2020 renewal,…
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CRE Insurance
AGCS posts €284m 2019 loss after €591m Q4 reserve addition
Allianz Global Corporate & Specialty (AGCS) posted a loss of €284m in 2019 and a combined ratio of 112.3%, as…
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CRE Insurance
Only three global airports pass cybersecurity tests
All but three of the world’s 100 largest airports pose serious cyber risks, according to a new report from AI…
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CRE Insurance
Swiss Re to stop underwriting carbon-intensive oil and gas firms
Swiss Re will stop (re)insuring the world’s most carbon-intensive oil and gas companies, extending its stance on coal underwriting that…
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CRE Insurance
Willis Towers Watson reviews Miller stake in possible sale
Willis Towers Watson (WTW) is mooting a sale of wholesale London broker Miller, according to reports. WTW has reportedly confirmed…
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CRE Insurance
AXA XL replaces CEO and takes action as 2019 results fall below expectations
AXA XL says its new CEO, accelerating price rises and further de-risking will help boost profitability, after 2019 earning figures…
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Asia
Coronavirus impacts top brands’ sales and supply chains
Major global corporates are starting to feel the impact of the coronavirus outbreak in China as supplies and components exported…
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CRE Insurance
Corporate Solutions weighs on Swiss Re result
Repositioning its troubled Corporate Solutions unit, heavy natural catastrophe losses and rising claims in US casualty, proved to be a…
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CRE Insurance
AXA XL CEO Hendrick departs with Chubb’s Gunter named as successor
AXA XL’s CEO Greg Hendrick has left the company and been replaced by Scott Gunter, previously senior vice-president of Chubb…
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BI
Storm Sabine/Ciara cost German insurers €675m, says GDV
Storm Sabine/Ciara cost German insurers an estimated €675m, or $731m, making it the sixth-worst storm to hit the country since…