Ben Norris
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CRE Insurance
SCOR extends coal underwriting ban
SCOR has extended its underwriting ban on the energy industry and will no longer insure or reinsure new coal-fired power…
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CRE Insurance
Norsk Hydro cyber loss reaches €46m
Aluminium manufacturer Norsk Hydro said the cyberattack that struck the company in March will cost it up to €46.4m...
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CRE Insurance
Lloyd’s reveals radical plans to innovate and cut costs
Lloyd’s has announced plans to radically overhaul its business model by cutting cost and providing more innovative insurance products, services…
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Asia
Canopius opens APAC office in Australia
Canopius has extended its global reach with the launch of an office in Sydney, Australia, to serve the Asia-Pacific region.…
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Association News
Risk managers can deliver competitive advantage through emerging risk analysis: RIMS
Risk and insurance managers often complain that their partners in the insurance sector are unable to effectively identify, measure manage…
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Association News
Mather and Luthi inducted into RIMS Hall of Fame
Two highly respected former presidents of RIMS were inducted into the society’s Risk Management Hall of Fame (RMHF) this week…
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Association News
St Joseph’s University team wins 2019 Spencer-RIMS Risk Management challenge
Robert Zhang, RIMS board director and IKEA China’s risk and compliance director, announced Saint Joseph’s University student team as winners of the…
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CRE Insurance
Companies ‘less prepared than ever’ for risk, finds Aon survey
Risk readiness at corporations across the globe is at an all-time low, as standard risk management approaches are caught off-guard…
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BI
Lack of understanding and cost holding back use of ART for emerging risks: RIMS study
There is growing interest in the c-suite about using alternative risk transfer (ART) and capital markets tools to tackle emerging…
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CRE Insurance
Stephen Catlin launches $1.8bn specialty startup Convex
Stephen Catlin has unveiled his much-anticipated new venture Convex. Mr Catlin has raised $1.8bn to start the new private equity-backed…
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CRE Insurance
Aon looks for growth in new products
Aon is planning to ramp up the rollout of new products in 2019, according to CEO Greg Case. Speaking to…
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Emerging Risks
Lloyd’s insurers form reputational consortium for US risks
Lloyd’s insurers Beazley, Tokio Marine Kiln and RenaissanceRe have joined forces to offer buyers operating in the US cover for…
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CRE Insurance
Brit adds physical damage to cyber policy
Brit has boosted its cyber insurance product by offering physical damage cover alongside business interruption, data privacy and cyber liability,…
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CRE Insurance
Run-off sidecars the way ahead
Big insurance company run-off transactions could soon be co-funded by third-party investors using sidecar structures, according to Ken Randall, CEO…
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CRE Insurance
Pool Re could extend cyber cover, says its CUO
The UK’s terrorism reinsurer Pool Re could extend its cyber offering if the need arises, its chief underwriting officer Steve…
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CRE Insurance
US buyers face ‘universal’ rate hikes: Willis Towers Watson
Insurance buyers in the US are facing “almost universally” higher premiums in 2019 and can expect more challenging conditions for…
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CRE Insurance
Argo expenses row flares up in war of words with investor Voce
The public row between Argo Group and investor Voce Capital Management flared up again yesterday, in an exchange of statements…
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Association News
Risk managers urged to take on sustainability risk
Risk managers are falling short when it comes to environmental, social and governance (ESG) related risks, according to speakers on…
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CRE Insurance
Equitas wins reinsurance arbitration in mesothelioma case
Equitas has won an appeal to overturn an arbitration award dating back to 2013 against Municipal Mutual Insurance (MMI). Law…
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Construction
Broker conflicts of interest ‘rocketing’ in hardening market, warns Mactavish
Broker conflicts of interest are becoming worse in areas of the commercial market that are hardening because payment practices introduced…