Ben Norris
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Market
AGCS reports strong jump in premiums and profits as firming continues
Allianz Global Corporate & Specialty (AGCS) posted excellent third-quarter and nine-month results with strong premium growth on the back of…
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Insurance
Lloyd’s model predicts England will win the football World Cup
Lloyd’s predicts that England will beat Brazil in the final of the 2022 FIFA World Cup based on a model…
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Climate Change
New WTW tech will identify climate change risk to crops and supply chains
WTW will go live next year with a new climate risk tool to project the impact of weather events such…
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Marine
Shipping routes threatened by climate change, warns Marsh
Some of the world’s key shipping routes, including the Suez and Panama Canals, are under threat from climate change, warns…
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Market
Zurich predicts stable EMEA P&C market next year
Zurich saw its P&C premiums rise by 8%, or 13% on a like-for-like basis, in the first nine months of…
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Cyber & Technology
Cyber insider threats increase in third quarter: Kroll
Cyber-related insider threats peaked to their highest quarterly level to date during Q3 2022, warns a new report by Kroll.…
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Climate Change
Leading global corporates commit to boost action on climate change
Leaders from more than 50 of the world’s largest corporations have committed to flexing their ‘policy muscles’ to bring their…
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ESG
UK issues climate transition framework ahead of mandatory disclosures
UK businesses will have to issue “gold standard”, standalone climate transition plans, including greenhouse gas reduction targets, under new recommendations…
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People Moves
AXA XL’s McGovern named new LMG chair
Sean McGovern, CEO for the UK and Lloyd’s at AXA XL, has been appointed as the new chair of the London…
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Climate Change
Airmic says member survey reveals climate risk not getting proper attention
A new Airmic member survey suggests that climate change isn’t getting the attention it deserves among UK risk managers, despite…
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Climate Change
Risk management and financing key as global warming targets slip
Climate change adaptation, risk management and financing efforts must be stepped up urgently as the Paris Agreement target of 1.5°C…
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Market
Munich Re says ‘sustainable offering’ only possible with higher prices
Munich Re reported a net profit of €527m in Q3, €1.9bn for the nine months and affirmed its 2022 targets,…
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Cyber & Technology
Swiss Re calls on insurers to change cyber underwriting to close protection gap
Swiss Re has identified three key changes to the cyber insurance market that will free up more capacity and bridge…
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Market
BHSI posts further strong revenue growth but results hit by Ian
Berkshire Hathaway Specialty Insurance (BHSI) has posted further strong growth on the back of the persistently hard international specialty market…
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DACH
Deutsche Bank threatened with fine for anti-money-laundering controls
Germany’s financial regulator BaFin has threatened to fine Deutsche Bank for its anti-money-laundering (AML) controls. In a brief statement, BaFin…
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Risk Management
Economic concerns move ahead of environmental and cyber risk in WEF survey
Business leaders in G20 countries are now most concerned by economic threats, according to the World Economic Forum’s (WEF) latest…
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Climate Change
Blanc defends insurers over net-zero underwriting
Aviva CEO Amanda Blanc has defended the insurance industry’s role in the move to net zero as the UK develops…
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Cyber & Technology
EU agency says geopolitical volatility has radically altered cyber threat landscape
Geopolitical tensions, particularly those caused by Russia’s invasion of Ukraine, have been a game changer for cyber risk in Europe,…
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CRE Insurance
AM Best downgrades outlook for German market
Ratings agency AM Best has changed its outlook on Germany’s non-life insurance market to negative from stable, over concerns about…
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Legal & Regulation
Glencore Energy UK hit with record £280m fine for oil bribery convictions
Glencore Energy UK has been fined £280m after a London court sentenced the commodities trading firm for seven charges of…