Ben Norris
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Association News
Airmic seeks to deliver tomorrow’s risk leaders
Airmic has launched its 2018/19 Risk Leadership Programme that aims to turn today’s senior risk professionals into tomorrow’s risk leaders.…
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Analysis & Opinion
Risk managers warned to expect disruption in specialty lines
European risk managers do not need to brace themselves for a dramatic overall market hardening during 1 January renewals as…
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CRE Insurance
Global insurers’ profitability to hit six-year low: AM Best
The global reinsurance industry is facing a six-year low in profitability with an industry combined ratio of 110% comparing unfavourably…
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CRE Risk Management
New bank code addresses financial harm to vulnerable customers
A new code of practice for UK banks, credit card firms and pension providers has been launched to protect vulnerable…
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CRE Insurance
Risk transfer market says primary rate rises on the way
As insurers and reinsurers predict rates rises in the primary market, a leading broker doesn’t believe there will be a…
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BI
AIR’s California wildfires estimate increases four-fold
AIR Worldwide has increased its insured loss estimate for October’s Californian wildfires to between $8bn and $10bn, up from $2bn–$3bn…
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Association News
Ferma concerned that buyers’ view missing from EU cyber insurance report
Ferma has welcomed the publication of an EU report on standardising various aspects of cyber insurance, but “regrets” that the…
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Association News
ENISA calls for standardisation of cyber insurance
The European Union Agency for Network and Information Security (ENISA) has called on the insurance industry and policymakers to standardise…
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CRE Insurance
Beazley revamps SME cyber policy
Beazley has expanded its cyber insurance policy for small and medium-sized businesses (SMEs), in direct response to the growing intensity…
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NFIP reauthorisation to 2022 passed by House of Representatives
Risk management society RIMS has called on the US Senate to follow the lead of the House of Representatives this…
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CRE Insurance
Insurers could face $1bn bill as Las Vegas gun attack victims file lawsuits
Victims of the Las Vegas shooting at the beginning of last month are suing the Mandalay Bay hotel, its owner…
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Africa
Fitch warns insurers to remain cautious over cyber growth
Insurers that aggressively grow their cyber risk liabilities are likely to fall foul of ratings agencies, according to Fitch Ratings.…
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CRE Insurance
Axa announces shakeup to simplify company and target preferred segments
Axa has simplified its operating model to focus on five key geographies and target preferred segments, including commercial P&C business.…
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CRE Insurance
Cat-hit lines to see up to 25% rate increases: Talanx
Natural catastrophes cost Talanx Group €1bn in the first nine months of this year, mainly affecting its industrial lines business…
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CRE Risk Management
Firms missing opportunities to mitigate rising travel risk concerns
Some 63% of global businesses believe travel has become riskier for employees in the past year, although US firms are…
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CRE Risk Management
European business leaders meet UK PM to demand Brexit progress in next two weeks
A delegation of Europe’s business leaders has warned the UK prime minister that the country’s economic stability will be at…
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CRE Insurance
GDPR to bring ‘wave’ of litigation, finds DAC Beachcroft research
Companies that store personal data face a “wave” of litigation for data breaches under the General Data Protection Regulation (GDPR),…
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CRE Insurance
AGCS posts small Q3 loss
Allianz has reported a 17% drop in third-quarter operating profit to €2.5bn, as the German group’s large corporate unit – Allianz…
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CRE Risk Management
Transparency International criticises UK’s anti-money laundering controls
The UK has been labelled a “destination of choice for those seeking to hide illicit wealth” by Transparency International UK,…
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CRE Insurance
Verisk acquires UK claims solutions company
US data analytics firm Verisk has acquired injury claims solutions company Rebmark Legal Solutions in the UK. Verisk said the…