Ben Norris
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Aviation
Smaje quits Willis to join BGC’s new aviation practice
Philip Smaje has quit as Willis Tower Watson’s global head of broking, to become CEO of BGC Insurance’s aviation startup.…
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CRE Insurance
No-deal Brexit threatens stable UK insurance outlook: S&P
A no-deal Brexit could rock the general stable outlook on UK insurers, warns ratings agency S&P. It said leaving the…
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Association News
Ferma says new EC climate change reporting guidelines stress business case for risk managers
Ferma has welcomed the new guidelines on corporate climate-related information reporting published by the European Commission last week. It said…
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CRE Insurance
Aon expands executive roles
Aon has expanded the roles of five key leadership positions within its global broking and specialty businesses. Gerard Guterl and…
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CRE Insurance
Risk managers say insurers are failing Portuguese companies on workers comp
Insurers are failing Portuguese companies by not providing insurance solutions for workers’ compensation risks, a mandatory cover in the country,…
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CRE Insurance
Russell Group puts forward new solution as risk quantification and regs hold back transfer options
As risk interconnectivity mounts and demands more relevant transfer solutions, an inability to quantify exposure, coupled with regulations that restrict…
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CRE Insurance
Masojada challenges risk managers to help tackle broker costs in London market
Bronek Masojada, CEO of Lloyd’s insurance group Hiscox, has challenged risk and insurance managers to help the market tackle its…
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CRE Insurance
New partnership brings parametric flood cover to businesses
A partnership between JBA Risk Management and FloodFlash will offer businesses in flood-prone areas bespoke cover using parametric solutions, to…
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Association News
Ferma names Dirk Wegener as next president
Ferma has elected GVNW member Dirk Wegener as its next president. Mr Wegener, currently Ferma’s vice-president and global head of…
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CRE Insurance
Airmic says new Lloyd’s facility to help ‘insure the uninsurable’ could break new ground
Airmic has “strongly welcomed” the launch of the Lloyd’s Product Innovation Facility, which has committed £53m of capacity to speed…
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CRE Insurance
Gallagher takes stake in CEE broker Renomia
Broker Gallagher has bought a 29.7% stake in independent Czech broker Renomia, which operates in its home country, Slovakia, Romania,…
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CRE Insurance
Zurich takes new underwriting stance against energy companies to tackle climate change
Zurich Insurance Group is accelerating its policy to further reduce the use of carbon fossil fuels, which will see the…
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CRE Insurance
MGM sues Zurich over Mandalay Bay shooting legal costs
MGM Resorts International is suing Zurich America Insurance for allegedly failing to pay reasonable defence costs related to the mass…
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Africa
Medical Protection Society to launch new malpractice SPA at Lloyd’s
The Medical Protection Society (MPS) will team up with Everest Insurance and Asta, a Lloyd’s third-party managing agency, to create…
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CRE Insurance
Tech flaws expose risk managers to ‘cyber week from hell’
A recent spate of detected flaws in major software and hardware systems – including Microsoft, Intel and WhatsApp – have…
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CRE Insurance
FM Global to charge for data cover and clarify cyber wordings
From next month, FM Global will charge for data cover and introduce revised wordings to address silent cyber in its…
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CRE Insurance
Companies will look elsewhere if insurers do not deliver on cyber, say German buyers
Commercial insurers need to be careful that they do not limit their ability to help companies manage cyber risk and…
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Association News
Risk managers need to up game on sustainability risks
As reporting requirements and corporate exposures to climate change and social upheaval increase, risk managers will need to engage more…
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CRE Insurance
Cyber email attack predicted to cost $3.25bn in UK insured lossesCRE
UK businesses would only be insured for $3.25bn of $44bn total economic losses from a major cyberattack on an email…
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Asia
China, India, US and Algeria account for 80% of barriers damaging EU exports, says EC
A staggering 80% of trade barriers damaging EU exports emanate from only four countries: China, the US, India and Algeria,…