Ben Norris
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Asia
Global economy buoyant in 2018 but risks remain: Coface
Global economic growth is forecast to continue apace in 2018 after political risk failed to cause the damage predicted in…
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CRE Insurance
Risk managers in oil and gas sector face new threats, warns the IRM
Risk managers in the oil and gas sector face new risks as the industry meets pressure to limit costs as…
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Global Risk Manager
Aspen reshuffles management following fourth-quarter losses
Aspen Insurance has announced that David Cohen, president and chief underwriting officer of Aspen Insurance, will lead the day-to-day management…
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CRE Insurance
Kroll reports fraud, cyber and security threats at all-time high
Fraud, cyber and security incidents reached an all-time high in 2017, according to a new report from Kroll that also…
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Benelux
Dutch government gives notice on earthquake-risk Groningen gas plant
The Dutch government has written to 200 of the largest companies in the Netherlands to warn them that they have…
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Global Risk Manager
Aspen warns of big frequency losses in fourth quarter
Aspen Insurance expects to record an underwriting loss of about $245m in the fourth quarter of 2017. The result is…
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CRE Insurance
RSA appoints new MD for Global Risk Solutions business
RSA’s UK and international business has appointed Tony Buckle as managing director of Global Risk Solutions (GRS). Mr Buckle will…
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CRE Insurance
Qatar Insurance goes for growth in Europe
Qatar Insurance Group, the globally diversified insurer based in Doha, has announced a net profit of $115m for 2017, compared…
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CRE Risk Management
EC fines Qualcomm €1bn for illegal payments to Apple
The European Commission (EC) has fined US tech firm Qualcomm almost €1bn for breach of antitrust rules. Issuing the €997m…
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Asia
Cat losses at all-time high in 2017 with insured sum second only to 2011: Aon
Aon Benfield is the latest company to confirm that 2017 set new records for natural catastrophe losses, with its $353bn…
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CRE Insurance
XL Catlin launches political risk, credit and bond insurance in France
XL Catlin has started a local political risk underwriting operation in France and Benelux, with the appointment of Eric Zandvliet…
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CRE Insurance
Credit insurers predict £31m loss from Carillion collapse with uptick in UK insolvencies expected
Trade credit insurers are bracing for claims following the collapse of UK construction group Carillion last week, with the Association…
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Global Risk Manager
AXIS reorganises its operating model post-Novae purchase
Bermuda’s Axis, which recently acquired Novae, is to establish a global underwriting and analytics (GUA) unit as part of a…
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CRE Risk Management
Cloud failure would cost US economy $15bn, warn AIR and Lloyd’s
US businesses stand to lose $15bn if a major cloud service provider fails, with insurance covering $3bn, according to new…
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CRE Insurance
AmTrust at Lloyd’s expands space team
AmTrust at Lloyd’s has expanded its space team with the appointment of Chris Gibbs as head of space. AmTrust at…
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CRE Insurance
Financial services ‘in the dark’ over UK Brexit trade plans after position paper shelved
The UK government has backtracked on a promise to publish a Brexit position paper for financial services trade, amid reports…
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Asia
Worldwide Broker Network appoints Mojumdar CEO to board to boost Asian profile
Commercial broker network, the Worldwide Broker Network (WBN), has appointed Larry Mojumdar, CEO of Tokyo-based firm Mojumdar & Company, to…
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Climate Change
Insurers face climate change risk mitigation ‘hurdles’, says leading thinktank
The insurance sector is blocked from doing more to tackle climate change, according to a new report from industry thinktank…
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CRE Insurance
AIG’s Duperreault says Validus ‘fits like a glove’
Validus, the Bermudian diversified insurance and reinsurance group, “fits AIG like a glove”, according to AIG CEO Brian Duperreault. AIG…
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Asia
QBE warns over worsening combined ratio
Australian insurer QBE has warned investors that it now expects to report a full-year 2017 combined operating ratio (COR) of…