Ben Norris
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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,…
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CRE Insurance
AIG confident of full-year underwriting profit as Q3 takes Typhoon Faxai hit but rates rise
AIG said it is on track to record underwriting profit for full-year 2019, despite unveiling a general insurance underwriting loss…
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Asia
RMS says Typhoon Hagibis losses could reach $11bn
Insured losses from last month’s Typhoon Hagibis in Japan will be between $7bn and $11bn, according to estimates from cat…
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CRE Insurance
Beazley extends e-trading platform to Spain
Beazley has extended its myBeazley broker e-trading platform, which already operates in the UK and France, to Spain. Spanish brokers…
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CRE Insurance
Swiss Re Corporate Solutions reports $441m loss as it battles to turn fortunes around
Swiss Re Corporate Solutions (SRCS) has reported a net loss of $441m for the first nine months of this year…
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CRE Risk Management
Inquiry finds Grenfell Tower’s cladding failed regs and were ‘primary cause’ of fire spread
A public inquiry into London’s Grenfell Tower fire has found “compelling evidence” that the high-rise building’s external walls failed building…
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CRE Insurance
Sompo International offers anti-harassment training for EPL clients
Bermuda’s Sompo International is to offer its clients anti-sexual harassment training to mitigate the risk of liability claims and reputational…
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CRE Insurance
Beazley appoints new head of claims
Beazley has named Beth Diamond, currently head of third-party complex claims, as its next group head of claims. Ms Diamond…
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CRE Insurance
Global insurance rates up record 8% in Q3, finds Marsh Index
Marsh’s Global Insurance Market Index recorded its largest ever commercial insurance price rise of nearly 8% in the third quarter since…
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CRE Insurance
Aon shifts parent company from UK to Ireland
Aon will move its parent company from the UK to Ireland to “remain within the European Union single market”, as…
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BI
French commercial insurance market has turned, finds annual AMRAE survey
France’s risk management association AMRAE says the commercial insurance market has turned and advised French companies to budget for between…
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CRE Insurance
Spanish buyers avoiding worst of hardening market, Igrea members told
The global insurance market is hardening and companies should be prepared for a difficult renewal season, Spanish risk managers were…
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CRE Insurance
Marsh JLT names new CEO of UK marine and cargo business
Marsh JLT Specialty has named Gard’s Louise Nevill as CEO of its UK marine and cargo business. She is expected…
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CRE Insurance
Global programme data not yet meeting buyer needs
Application programming interface (API) solutions are set to significantly improve information flows for global programmes, but their development must better…
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CRE Insurance
D&O market set to harden further with concerns over capacity shortfall
The D&O market is set to harden further for European and global firms at upcoming renewals, with a potential capacity…
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BI
Cyberattackers target IT vendors and clients: Beazley
Cyberattacks against IT vendors spiked in the third quarter of 2019 and accounted for 24% of all ransomware cases reported…