Ben Norris
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CRE Insurance
Julian James to join Sompo International to lead London and international platforms
Sompo International Holdings, the Bermuda-based specialty insurance and reinsurance group that was formed by the acquisition of Endurance Specialty for…
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Asia
Australian bushfire losses top A$1.65bn as experts warn of further climate-related cats
The insured cost of the Australian bushfires has now topped A$1.65bn based on claims from more than 25,000 insurance policies,…
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CRE Insurance
Woolard takes up interim chief executive role at FCA
Chris Woolard has been appointed interim chief executive of UK regulator the Financial Conduct Authority (FCA), following the appointment of…
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CRE Insurance
Marsh JLT appoints new head of specie
Philip Turner has been appointed UK head of specie for Marsh JLT Specialty, to replace David Gordon. The move marks…
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CRE Insurance
Nat cat insured losses return to below-average levels in 2019: Willis Re
Insured natural catastrophe losses of $53bn last year trailed the $65bn average of the past nine years and were 34%…
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CRE Insurance
Data breach exposes 250 million Microsoft customer support logs
Microsoft has confirmed that a data breach of its customer service records exposed the details of 250 million logs between…
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Association News
Ferma and ECIROA flesh out proposals to boost proportionality for captives under SII
The European Insurance and Occupational Pensions Authority (EIOPA) must use this year’s Solvency II review to recognise that national supervisors…
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CRE Risk Management
RIMS survey finds average 2% fall in North American risk salaries
US risk managers saw their average salary fall by 1.7% during the past two years to $118,000, with their Canadian…
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Aviation
AGCS appoints CUO for speciality business
Allianz Global Corporate & Specialty (AGCS) has appointed Henning Haagen as chief underwriting officer of specialty. Mr Haagen, who is…
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CRE Insurance
Private and government-backed insured nat cat losses fall to $71bn in 2019, finds Aon
Private and government-backed insured natural disaster losses totalled $71bn last year, 6% above this century’s average but significantly lower than…
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CRE Insurance
Insurance industry urged at WEF meeting to better reward cyber risk management
The insurance industry can play a bigger role in boosting cyber risk management by ensuring it rewards organisations that take…
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CRE Insurance
Charles Taylor acquired by US private equity firm
US private equity firm Lovell Minnick Partners has acquired adjusting and technology solutions firm Charles Taylor. Lovell Minnick, which has…
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CRE Insurance
FM Global expands cyber risk review to industrial control systems
FM Global will now include industrial control system (ICS) evaluations in clients’ cyber risk reviews to reduce potential risk blindspots.…
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CRE Insurance
BIBA lobbies for lower regulatory burden on UK brokers and access to EU markets
The British Insurance Brokers’ Association (BIBA) is lobbying its government to reduce the regulatory burden on UK brokers, which it…
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CRE Risk Management
Employers missing a trick by not selling employee benefits to new staff
Only 22% of UK employers communicate their employee benefits offering before day one of employment and only 18% before recruitment,…
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Aviation
Aviation losses line up further insurance price hikes in 2020, warns Gallagher
Large losses anticipated for 2019 will drive further rate hardening for aviation insurance buyers in 2020, according to analysis from…
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CRE Risk Management
Firms that fail to adequately manage climate change risk will lose investment: BlackRock
BlackRock, the world’s largest asset manager, has announced a big shift in its investment strategy to hold companies more accountable…
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Asia
Indian risk managers face tricky year but underlying political stability a plus: IRM
Risk managers in India face many challenges in 2020, such as a slowing economy, rising cyber threat and extreme weather.…
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Asia
Lloyd’s, AIG and others can expect further pressure on coal policy in 2020
Lloyd’s insurers can expect to come under increased pressure from activists attempting to pressure the insurance sector to stop covering…
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CRE Insurance
Risk managers in German financial sector must prepare for closer BaFin scrutiny in 2020
BaFin, the German insurance supervisory authority, will focus on IT and cyber risks, digitalisation, the fight against financial crime and…