Ben Norris
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Asia
IAG reports 6% rate increase in Australia and confirms potential Indian sale
Insurance Australia Group (IAG) has reported a significantly improved net profit after tax of just over $1bn for full-year 2019…
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CRE Insurance
HDI Global’s fire book restructure ahead of schedule at half-year stage
Torsten Leue, chairman of the board of management at Talanx, parent company of HDI Global and Hannover Re, said the…
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CRE Insurance
Growing Brexit liability risk as validity of insurance questioned: Mactavish
Mactavish said companies, including directors and officers, face a growing threat of being sued for failing to prepare for no-deal…
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Asia
Parima teams up with MAXIS GBN in Beijing for focus on employee benefits
The Pan-Asia Risk & Insurance Management Association (Parima) is this week supporting an event focused on employee benefits for risk…
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Analysis & Opinion
Capturing the abstract: How captives can be used to manage intangible risks
The most valuable assets a company owns often are no longer physical. Indeed, several studies indicate that the intangible assets…
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Aviation
Swiss Re Corporate Solutions to slash 20% of book as strategic review kicks in
Swiss Re Corporate Solutions (SRCS) is pulling back from several underperforming classes that will see its gross written premium reduce…
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CRE Insurance
AGCS reports 6.3% rate increases across book but large losses hit profits
Allianz Global Corporate & Specialty (AGCS) reported a healthy jump in gross written premiums in the first half of this…
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Aviation
BGCI poaches two Marsh JLT Specialty aviation leaders
Mark Costin and Oyin Heath and have joined BGC Insurance’s (BGCI) global aviation and space (re)insurance startup from Marsh JLT…
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CRE Insurance
RSA ‘on schedule’ to clean up commercial business as operating profits fall 8% in first half
RSA said it is “on or ahead of schedule” to clean up its commercial insurance business, as the group reported…
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CRE Insurance
AXA XL contributes strong results as pricing momentum picks up pace
AXA CEO Thomas Buberl will have been delighted to report that AXA XL – the combination of XL Group, AXA…
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CRE Insurance
Arch ‘very relaxed’ about Brexit as it reveals further UK expansion via Barbican
Marc Grandisson, president and CEO of Bermuda-based international (re)insurer Arch Capital, told analysts he is “very relaxed” about Brexit as…
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CRE Insurance
Cyber cover creates false sense of security among CFOs, says FM Global
A big proportion of UK-based senior financial executives wrongly believe that cyber insurance will help repair a company’s brand and…
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CRE Insurance
Willis reports ‘modest but definite’ price increases during second quarter
The second quarter of this year has seen a “modest but definite improvement” in global insurance and reinsurance pricing for…
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Asia
Marsh index records biggest quarterly insurance price rise of 6% in Q2
Marsh revealed during its second-quarter results call that average global commercial insurance prices rose nearly 6% in Q2. This is…
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CRE Insurance
Swiss Re Corporate Solutions given $600m capital boost despite $400m half-year loss
Swiss Re Corporate Solutions (SRCS), the industrial insurance arm of Swiss Re, reported a net loss of $403m and a…
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CRE Insurance
Marsh Q2 revenue up 4% but JLT acquisition hits business in Europe and Guy Carp
Marsh saw underlying revenue grow 4% in the second quarter, despite being flat in EMEA, but Guy Carpenter’s stalled by…
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Africa
Munich Re puts first-half nat cat losses at $15bn
Insured nat cat losses totalled $15bn in the first half of this year and were below the long-term average of…
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CRE Insurance
AXA XL Insurance appoints Fumagalli head of financial lines in Europe
AXA XL Insurance has appointed Simona Fumagalli as head of international financial lines, Europe. In her new role, Ms Fumagalli…
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Captives
Ferma urges proportionality for captives in Solvency II changes to tackle sustainability
Ferma has told the European Insurance and Occupational Pensions Authority (EIOPA) it is concerned about potential moves to introduce sustainability…
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CRE Insurance
AJ Gallagher reports near-5% global P&C price increase at half-year stage
Patrick Gallagher, chairman, president and CEO of US-based global broker Arthur J Gallagher, said the company’s mid-year internal insurance rate…