Ben Norris
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Europe
European packaging sector faces up to radical change through new EC waste rules
The European Commission (EC) has proposed a new set of EU-wide rules on packaging that it hopes will tackle “this…
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Liability
UK solicitor PI market stabilises but excess layers remain difficult
The UK’s solicitor professional indemnity (PI) market is finally showing signs of stabilising after a difficult few years for buyers,…
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Legal & Regulation
Bank Julius Baer fined £18m for improper Russian oil commissions
UK regulator the Financial Conduct Authority (FCA) has fined Swiss private bank Julius Baer International (JBI) £18m for breaches of…
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Europe
European court erases years of progress in battle against dirty money, claims Transparency International
The Court of Justice of the European Union (CJEU) has set back the fight against cross-border corruption by years, according…
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Aviation
SMBC Aviation latest to sue insurers over Russian jet losses
SMBC Aviation Capital has become the latest aircraft leasing company to file a legal claim against its insurers for jets…
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Pandemic
UK Covid BI litigation still favouring buyers as Stonegate appeals
Covid-19 business interruption (BI) litigation in the UK continues to favour policyholders despite insurers’ claims to have prevailed in recent…
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Marine
P&I Clubs to push for rate despite low claims year: Lockton
Lockton thinks P&I Clubs will push for premium increases at renewal even though they have faced low claims this year…
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North America
Munich Re says 2022 hurricane season third-most expensive
Losses from hurricane Ian have made the 2022 north Atlantic hurricane season the third-most expensive ever, with insured losses of…
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Marine
S&P gives London P&I Club negative outlook
S&P has revised its outlook on the London P&I Club to negative from stable over capital adequacy fears, as weak…
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Climate Change
Preparing for the storms ahead
Many risk managers feel they have been in firefighting mode for the last two years, struggling to stay ahead of…
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DACH
Swiss risk managers focus on sustainability
The Swiss Association of Insurance and Risk Managers (SIRM) finally addressed the topic of sustainability at its recent forum in…
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DACH
Wegener calls for stronger effort on climate change
Dirk Wegener, president of the Federation of European Risk Management Associations (Ferma), used his speech at the Swiss Association of…
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DACH
Climate risk measurement and management a work in progress: Stampa
Marco Stampa, sustainability governance manager at Italian oil and gas services giant Saipem, gave a talk during the recent SIRM…
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Association News
Climate change: No time to lose
Gaudenz Flury, a prominent Swiss meteorologist and presenter of the nation’s daily weather forecast, painted a bleak picture of climate…
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DACH
Corporate citizenship is ‘paradigm shift’ for business leaders
Elena Rittstieg, executive search consultant at Egon Zehnder, told the recent SIRM Forum: “Long gone are the days when shareholder…
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DACH
Progress made by Swiss insurers on climate compatibility
The Swiss Federal Office for the Environment (FOEN) and the Swiss State Secretariat for International Finance (SIF) have carried out…
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DACH
Swiss businesses call for nation to rise to the energy challenge
Switzerland faces a huge challenge in its efforts to shift away from fossil fuels to a more reliable and greener…
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ESG
Risk managers urged to engage with environmental NGOs
European risk managers and their corporate leadership have been urged to engage with NGOs campaigning to drive the fight against…
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ESG
Case dropped against Belgian central bank after ECB ‘greens’ bond scheme
Campaign group ClientEarth has dropped its case against Belgium’s central bank for helping to finance polluting businesses, after the European…
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Legal & Regulation
Irish data regulator fines Meta €265m for Facebook GDPR breaches
Meta-owned Facebook has been fined €265m by the Irish Data Protection Commission (DPC) for breaching Europe’s General Data Protection Regulation…