Ben Norris
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CRE Risk Management
Revised UK Corp Gov Code should inform risk management framework
The revised UK Corporate Governance Code and accompanying Guidance on Board Effectiveness should be seen as key drivers for good…
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Benelux
Miller to buy Dutch-owned London market broker Alston Gayler
Miller is set to buy Dutch-owned London market wholesale (re)insurance broker Alston Gayler and Co (AG) for an undisclosed fee.…
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CRE Insurance
Guy Verhofstadt allays contract continuity fears post-Brexit
The European Parliament’s Brexit coordinator Guy Verhofstadt has said insurance buyers holding policies when the UK exits the EU need…
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CRE Risk Management
Survey reveals pressure on business ethics
Resource pressure is the biggest driver of unethical behaviour among employees, according to new analysis by Reboot Digital Agency. Based…
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BI
RMS confirms Hurricane Michael losses of up to $10bn
RMS has placed insured loss figures for Hurricane Michael between $6.8bn and $10bn, in line with estimates from other catastrophe…
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CRE Insurance
Aon creates new group to drive innovation
Aon has created a New Ventures Group and appointed a chief innovation officer to drive new solutions for clients. Greg…
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CRE Insurance
Lloyd’s syndicates exit as market gets tough on loss-making operations
Several Lloyd’s syndicates are starting to crumble as the market steps up pressure on loss-making operations...
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CRE Insurance
AIG expects heavy $1.7bn third-quarter cat losses
AIG has suffered heavy cat losses in the third quarter, of between $1.5bn and $1.7bn...
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Asia
Swiss Re suffers $1.1bn nat cat losses in Q3
Third-quarter natural catastrophe losses will cost Swiss Re $1.1bn, net of retrocession and before tax. Although high for a single…
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Benelux
Brexit begins to change dynamics but London company market delivers 16% premium rise
No dominant post-Brexit hub is emerging for London company firms, as the market delivered a 16% premium jump in 2017…
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CRE Insurance
AXA XL gets regulatory nod to move EU business to Ireland
AXA XL has received authorisation in principal to move its European entity to Ireland in response to Brexit...
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CRE Insurance
Risk managers under regulatory pressure to step up climate change strategy
UK regulator the Prudential Regulation Authority (PRA) has proposed new measures to ensure that insurers and banks better manage “far-reaching…
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CRE Insurance
Talanx shares dip as investors warned of big third-quarter industrial property losses
Shares in German insurance and reinsurance group Talanx fell shortly after the company warned investors that extraordinary “large and frequency…
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CRE Insurance
AXA XL appoints CUO for London wholesale
AXA XL has appointed Dan Curran as chief underwriting officer for London market wholesale business. The role was previously filled…
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CRE Insurance
MMC says up to 5% of jobs under threat following JLT acquisition
Following its planned acquisition of JLT, Marsh & McLennan Companies (MMC) expects up to 5% of the combined company’s workforce…
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CRE Insurance
Facebook reveals hackers accessed 30 million accounts
Facebook has revealed that personal data from about 30 million user accounts was accessed by hackers in last month’s cyberattack,…
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CRE Insurance
Hurricane Michael losses pinned at $10bn
Insured losses from Hurricane Michael will likely top out at about $10bn, according to catastrophe risk modelling firms...
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Analysis & Opinion
Risk managers need to ask big questions as Marsh snaps up JLT
The news of Marsh & McLennan Companies’ (MMC) proposed acquisition of JLT was unsurprisingly met with shock and disappointment among…
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Insurance
Zurich turnaround plan ‘well on track’, CFO tells investors
George Quinn, group CFO at Zurich, has told investors and analysts that the insurer is “well on track” to meet…
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CRE Insurance
Mutual marine insurers Strike and Standard Club merge operations
Mutual marine insurers The Strike Club and The Standard Club are merging operations. The Strike Club will join the larger…