Ben Norris
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Asia
Insurance rates up again in Europe and UK on back of 8% global increases, finds Marsh
Commercial insurance rates rose by an average 4% in continental Europe during the third quarter of 2019 and 12% in…
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CRE Insurance
Private equity firms may soon demand cyber insurance is in place
Private equity firms are likely to require companies to buy cyber insurance, according to a survey by insurance contract adviser…
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CRE Insurance
Credit insurance market tightens as storm clouds gather
In the face of rising insolvencies, credit insurance prices are increasing and capacity is shrinking for high-risk sectors and markets,…
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CRE Insurance
Talanx’s industrial lines make big improvement
Talanx’s industrial lines business, which includes HDI Global and HDI Global Specialty, turned an underwriting profit of €2m in the…
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CRE Insurance
Vibe to close Lloyd’s syndicate
Vibe Syndicate Management will close Lloyd’s syndicate 5678 at the end of this year, after it failed to secure capital…
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CRE Insurance
AGCS profits fall by just under 9% but ‘robust’ rate increases boost top line
Allianz Global Corporate & Specialty (AGCS) saw profits fall by just under 9% to €250m in the first nine months…
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CRE Insurance
BCI survey paints a mixed picture for supply chain risk management
The latest annual supply chain survey by the Business Continuity Institute (BCI) paints a mixed picture for organisations worldwide, with…
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CRE Insurance
Generali profit up 17% as disposals boost results
Generali has reported a 17% increase in net profit to €2.2bn for the first nine months of 2019, boosted by…
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CRE Insurance
Lockton names new CEO and chairman
Lockton has named Peter Clune as CEO to replace Ron Lockton, who has been appointed chairman. Ron Lockton will take…
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Africa
AXA XL and Zurich report accelerated market hardening in Q3
AXA XL and Zurich have reported rising rate increases for corporate buyers during the first nine months of this year,…
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CRE Insurance
Voce says Argo board ‘cannot be trusted’ following ‘retirement’ of CEO Watson
Activist shareholder Voce Capital has said Argo’s board “cannot be trusted” to choose the firm’s leadership or future direction, following…
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CRE Insurance
Thomas Cook collapse exposes ‘unacceptable’ personal injury claim provisions
The UK government plans to set up a capped compensation scheme to cover personal injury claims against travel company Thomas…
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CRE Insurance
Politically motivated cyberattacks most severe geopolitical risk, survey finds
Politically motivated cyberattacks cause the most severe disruptions of all geopolitical risks for organisations across the world, according to survey…
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Captives
Single coordinated cyberattack could cause $40bn insured losses, hammer global reinsurance surplus and hit captives
The growing focus of insurers and reinsurers on the potentially catastrophic impact of so-called silent cyber cover held within traditional…
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Association News
RIMS presents ERM award to Recology
RIMS has awarded its 2019 Global Enterprise Risk Management Award of Distinction to Recology Inc, a resource recovery firm in…
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Aviation
AGCS aviation report warns of new risks in ‘safer skies’
Costly repairs and bird strikes are among growing trends in aviation claims, according to in-depth analysis of more than 50,000…
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CRE Insurance
UK regulator warns of ‘inadequate’ insurance reserves in London market
The Bank of England says it will challenge UK and London insurers over “inadequate” reserves, particularly in specialty lines, during…
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Aviation
Majority of Swiss Re Corporate Solutions’ cutbacks to take place next year, says CFO
Swiss Re Corporate Solutions (SRCS) will make the majority of its cutbacks in badly performing business during 2020, with gross…
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CRE Insurance
Europe’s nonlife market grows 4% in 2018: AM Best
Europe’s non-life insurance market was boosted by 4.4% growth in gross written premiums (GWP) last year compared with growth of…
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CRE Insurance
Cyber exclusions becoming ‘unduly restrictive’, warns Marsh
Moves to address silent cyber in the property insurance market are overreaching and could leave buyers with gaps in coverage,…