Ben Norris
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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…
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CRE Insurance
Argo warns investors of Q2 earnings hit from reserve increases
Argo Group International, the Bermuda-based specialty insurance and reinsurance group, has announced that its results for the second quarter of…
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Asia
‘Modestly positive’ pricing and exposure trends support further growth at Aon
Aon reported “modestly positive” exposure and pricing trends in its core primary commercial risk solutions broking business during the second…
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CRE Risk Management
Survey finds more needs to be done to tackle workplace stress
UK workplaces must do more to strengthen resilience in their staff to help in the fight against mental ill health,…
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Construction
Brokers issued with construction risk guide post-Grenfell
Brokers need to be fully informed about construction materials to better advise clients on insurance cover in the wake of…
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Aviation
Boeing expects $500m insurance payout as it delivers worst-ever quarterly loss
Boeing expects to claim $500m from insurers following the grounding of its 737 Max fleet and said it could halt…
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Asia
Insurers report further market hardening in early results
The first insurers reporting second-quarter and half-year results say rate increases are on the rise, with hardening conditions spreading to…
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Africa
Insured H1 nat cat losses of $20bn lowest since 2006: Aon
Insured nat cat losses of $20bn in the first half of this year were 26% below the 18-year average of…
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CRE Insurance
AIG creates sustainability role as it publishes first climate disclosure report
AIG has appointed Jennifer Waldner to a newly created chief sustainability officer position, where she will lead and implement a…
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CRE Insurance
Insurtech investment reaches $1.4bn in Q2 as P&C interest mounts
Global insurtech funding totalled $1.4bn in the second quarter of 2019, with investment in P&C ventures up 283% on the…
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CRE Insurance
Brexit concern rises at UK insurers: LCP survey
The number of UK insurance firms reporting Brexit as a key risk to their solvency has doubled during the past…
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CRE Insurance
Chubb benefits from ‘flight to quality’ as market firming spreads, says Greenberg
Chubb chairman and CEO Evan Greenberg said the insurer benefited from a “flight to quality” among commercial insurance buyers in…
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CRE Insurance
Norsk Hydro adds to cyberattack losses in Q2 as total approaches €80m
The cyberattack that halted production at aluminium producer Norsk Hydro in March is estimated to have cost the firm a…
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CRE Insurance
US firms Travelers and Berkley report rising insurance rate increases
US insurers Travelers and WR Berkley said rate increases are rising as they delivered solid second-quarter and half-year results. Travelers…