Ben Norris
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Climate Change
Environmental claims spread to new industries: AIG
A growing range of industries reported environmental impairment liability (EIL) claims in Europe last year, according to data from AIG...
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CRE Insurance
AM Best registers new Amsterdam subsidiary ahead of Brexit
AM Best has established a new subsidiary in the Netherlands that will allow it to continue rating companies in the…
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CRE Insurance
Lloyd’s launches next search for global insurtech talent
Lloyd’s has launched a second talent search for global insurtech innovators and entrepreneurs to bring technology-driven change to the market.…
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CRE Insurance
Court approves CNA Hardy’s policy transfer to Luxembourg subsidiary
CNA Hardy has received legal approval to transfer a book of policies written for European commercial clients from its UK…
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CRE Insurance
Lyons replaces former CRO Sankaran as AIG CFO
AIG has promoted Mark Lyons to replace its chief financial officer (CFO) and former chief risk officer (CRO) Sid Sankaran...
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Asia
GDP at risk from cyberattack in largest cities rises 9% in one year
The amount of GDP at risk from cyberattack in the world’s largest cities has risen nearly 9% during the past…
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CRE Insurance
Insurers give Q4 wildfire losses as AIR predicts Woolsey claims over $2.5bn
Chubb expects Californian wildfire losses to cost $225m pre-tax in Q4, with AIG on the hook for up to $175m. The…
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CRE Insurance
Climate change poses new level of risk to all corporates and directors: Clyde & Co
All corporates and directors are vulnerable to climate change risks in some way, with threats not limited to the energy…
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BI
European flood risk plans criticised for lack of funding
Lack of funding for flood protection in Europe has restricted the effectiveness of the EU Floods Directive 2007, according to…
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CRE Insurance
AXIS launches global cyber unit
AXIS Insurance has launched a global cyber unit to consolidate its cyber and technology expertise, to be headed up by…
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CRE Insurance
RSA names head of restructured specialty unit
RSA has appointed Geoff Jones as director of its recently restructured specialty and wholesale business, which is housed under RSA’s…
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AGCS rolls out Praedicat model to liability clients
Allianz Global Corporate & Specialty has extended its partnership with insurtech firm and analytics specialist Praedicat, in a move that…
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Association News
RIMS urges political action, days before NFIP expiry
US risk management society RIMS has signed a joint letter to US Congress, warning of the risks to businesses if…
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CRE Insurance
London and UK market to start new year with negative outlook: Fitch
The London market and UK non-life market will enter 2019 with a negative outlook, according to Fitch Ratings, as competition…
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CRE Insurance
EC launches action over terrorism directive
Some 16 EC member states have been issued formal notices for failing to implement new anti-terrorism laws in their country
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CRE Insurance
Data and cyber risk topple regulation as top concern for senior management: survey
Fears of cyberattack and data breach have overtaken regulation as the top risk for senior management in the latest Annual…
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CRE Insurance
Corporates win only one third of legal disputes with insurers: Mactavish
Only one third of UK corporates that take legal action against their insurers over disputed claims are successful, according to…
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CRE Insurance
IRM launches digital risk management qualification
The Institute of Risk Management (IRM) is set to launch a new digital risk management qualification early next month, ahead…
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Aviation
Willis Towers Watson launches cyber airport policy
Willis Towers Watson has launched a cyber policy for airports that addresses the increasing threat of digital risk for the…
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CRE Insurance
SCOR’s European P&C insurer approved and ready for Brexit
French reinsurer SCOR has established a new P&C insurer in Paris to take over its UK business in the European…