Ben Norris
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CRE Risk Management
Risk manager profile to evolve as professionalism takes hold: Ferma
The professionalisation of risk management is likely to change the typical profile of risk managers, who are much more likely…
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CRE Insurance
MAPFRE creates new global broker role
MAPFRE has appointed Chris Smith to the newly created role of chief global brokers officer, where he will be responsible…
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Benelux
Beazley adds to financial lines team in Barcelona
Beazley has appointed two financial lines underwriters for continental Europe. Based in Barcelona, Francisco Alcaide joins Beazley from Hiscox where…
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CRE Insurance
AXA moving international risk and reinsurance ops to Ireland
AXA’s international risk and reinsurance operations will move from the UK to Ireland ahead of Brexit, according to Reuters. AXA…
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CRE Insurance
AXA XL adopts AI to speed up property risk analysis
AXA XL Risk Consulting has automated elements of its property risk engineering, using artificial intelligence (AI) technology. The company said…
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CRE Risk Management
CFOs increasingly on hook for failures in nat cat risk management, warns FM Global
Chief financial officers (CFOs) will increasingly be held to account by investors and shareholders if they fail to manage their…
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CRE Insurance
Chubb warns of new cybersecurity threats in year ahead
Cybersecurity will be challenged further in 2019 as regulators step up pressure on companies to prevent attacks and criminals change…
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CRE Insurance
Climate change fuels $80bn insured nat cat losses in 2018: Munich Re
Man-made climate change events, in particular wildfires, pushed 2018 insured losses beyond the long-term average to $80bn, Munich Re said…
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Aviation
HDI Global and Hannover Re joint specialty business launches with €1bn of premium
Newly created HDI Global Specialty has formally opened for business after merging the specialty lines of Talanx-owned HDI Global and…
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Benelux
Swiss Re Corporate Solutions develops water-level parametric cover
Swiss Re Corporate Solutions has launched parametric water-level insurance for companies at risk of business interruption following changes in river…
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CRE Insurance
No general firming at reinsurance renewals but tightening for certain risks
There was no general firming of rates at the January reinsurance renewals, but certain areas showed some signs of tightening,…
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Aviation
Fatality rate on commercial flights rises for first time since 2012
Last year saw the trend for fewer fatal accidents per million large commercial aircraft flights reverse as 534 passengers lost…
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CRE Insurance
Utility under pressure as insurers sue for starting California wildfire
Californian utility Pacific Gas & Electric Co (PG&E) is under mounting pressure from accusations it started November’s Camp Wildfire, as…
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CRE Insurance
Pool Re returns terrorism contingency cover to commercial market
The UK’s state-backed terrorism reinsurer Pool Re will cease writing contingency cover at the end of this quarter, because the…
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CRE Insurance
Brexit and cyber risks knock UK manufacturers’ confidence
Brexit risks have dented UK manufacturers’ confidence going into 2019, with 72% naming it the biggest source of uncertainty in…
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Asia
QBE UK rolls out AI risk rating for commercial property
QBE’s UK commercial underwriting operation has fully adopted an artificial intelligence-powered risk rating engine to improve underwriting accuracy and speed…
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CRE Insurance
Downstream energy market seeking 20% rate increases: JLT
Downstream energy insurance market customers will find insurers seeking rate increases of up to 20% across their book in 2019,…
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CRE Insurance
Hackers breach 9/11 conspiracy files from insurers and law firms
Hacking group The Dark Overlord appears to have breached a law firm holding information from Lloyd’s of London and Hiscox,…
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CRE Insurance
Chubb Europe confirms France move
Chubb European Group has confirmed its relocation to France from London at the turn of the new year, in preparation…
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CRE Insurance
UK directors exposed to no-deal Brexit risk legal actions over lack of preparation
UK company directors have "massively overlooked" liability risks as a result of failing to prepare adequately for Brexit, leaving them…