Ben Norris
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CRE Insurance
Pool Re warns of changing terror threat
There were 226 global terrorist attacks in the last quarter of 2017, causing 2,248 deaths, according to a new quarterly…
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CRE Insurance
Primary rates up in Jan as insurers predict further hardening
Insurance rates have been rising for the first time in years following 2017’s heavy catastrophe losses, with insurers arguing this…
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CRE Insurance
ERGO profits support cat-hit Munich Re
Profits of €273m from Munich Re’s primary insurer ERGO provided the lion’s share of the reinsurer’s total group profit of…
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CRE Risk Management
SFO widens Petrofac corruption probe
The UK’s Serious Fraud Office (SFO) will interview more top executives at Petrofac, an oilfield service provider, as part of…
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CRE Insurance
IUA calls for European cyber claims registry
The International Underwriting Association (IUA) has called for a central registry of cyber losses and claims in Europe to collect…
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CRE Insurance
Willis Towers Watson makes client facing cyber appointment in UK
Willis Towers Watson has appointed Tim Rees as client engagement and strategy leader for its UK Cyber Risk Solutions business.…
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CRE Insurance
FCA chief says Brexit transition deal needed soon
A range of operational issues arising from Brexit will create financial stability risks and issues for both the UK and…
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CRE Risk Management
Deutsche Bank’s US unit fined for swap rate trading
Deutsche Bank has been fined $70m by US regulators for attempting to manipulate interest rate benchmarks. The US Commodity Futures…
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CRE Risk Management
UK seeks new powers over car emission cheats
The UK government has proposed measures to extend criminal powers to fine and prosecute car manufacturers that cheat emissions tests,…
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Association News
Ferma and CRE launch 2018 Risk Awards
Ferma and Commercial risk Europe are pleased to announce the launch of our European Risk Management Awards programme for 2018,…
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CRE Insurance
XL’s McGavick sees ‘broader market turn’ underway
More evidence of the growing momentum for a firming market was presented by XL Group CEO Mike McGavick in his…
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CRE Insurance
ILS market hits all-time high: Aon Securities
The insurance-linked securities (ILS) market hit a record high in 2017 with capacity of $10.7bn, according to Aon Benfield’s investment…
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CRE Insurance
Upward rate trend accelerating, says Chubb CEO Evan Greenberg
Chubb CEO Evan Greenberg reckons that the current insurance pricing trend is the best he has seen in the past…
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CRE Insurance
Further reinsurance price increases ahead but prolonged hard cycle unlikely: Kessler
The seemingly endless soft European and international reinsurance market was halted at the January 2018 renewals, with price increases in…
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CRE Insurance
Broker leader says clients must come first in Brexit
All insurance-related Brexit discussions must seek to ensure that customers do not suffer, Andrew Agnew, chair of the London &…
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CRE Insurance
Up to £17m fines for insufficient cyber response announced for UK firms
UK energy, transport, health, water and other critical industry firms could face large fines for failing to have effective cybersecurity…
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CRE Insurance
Income falls 30% for hurricane-hit US P&C insurers
US P&C insurers reported a 30% fall in net income for the first nine months of 2017, down to $22.4bn…
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Association News
Lessons should be learnt from Carillion failure, says Airmic
With further investigations launched this week into governance and conduct at failed UK construction group Carillion, Airmic believes lessons can…
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Benelux
Cyberattacks disrupt leading Dutch banks
The three largest Dutch banks have reported several cyberattacks during the weekend and into Monday, which affected online banking services…
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CRE Insurance
Beazley expands European financial lines team
Beazley has appointed three new speciality underwriters in Europe after launching its financial lines hub in Barcelona last October. The…