Ben Norris
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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…
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Benelux
Motor vehicle recalls set for record year in Europe
Motor vehicle recalls in Europe increased by 11% in the third quarter of this year to 114, according to RAPEX…
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CRE Insurance
FCA opens can of worms by launching inquiry into wholesale broking practices
The UK Financial Conduct Authority (FCA) has officially launched a market study to assess how competition is working in the…
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Association News
RIMS survey finds ERM on the rise
Three quarters (73%) of global RIMS member companies have either fully or partially integrated enterprise risk management (ERM) programmes, up…
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CRE Insurance
Zurich predicts rate increases
International insurance group Zurich expects recent catastrophe losses to drive rate increases across its business, which have otherwise have experienced…
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Asia
Whistleblowing rises but culture remains major hurdle: survey
Whistleblowing on dodgy practices in the workplace has increased during the past three years, with 47% of business managers witnessing…
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Benelux
Moody’s forecasts rate increases in Dutch P&C market
The Dutch P&C insurance sector has been assigned a stable outlook by Moody’s, with rate increases expected to boost underwriting…
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Africa
Innovation enters EMEA FIs’ top ten list of risks
Financial institutions in the EMEA region are feeling the pressure from new technologies, according to the results of a risk…
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CRE Insurance
CBI warns time running out for Brexit decisions
Time is running out for companies to make Brexit decisions, according to a survey by the Confederation of British Industry…
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Association News
Eberhard Faller wins European Risk Manager of the Year
Eberhard Faller, senior vice-president of central insurances at BASF, was named European Risk Manager of the Year at a gala…
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Climate Change
Willis Towers Watson calls end of soft market in US
Rate increases are on the cards for US commercial insurance buyers in 2018, as a direct result of the recent…
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CRE Insurance
AIG seeks double-digit property rate increase and lower limits on back of $1.7bn Q3 loss
AIG is seeking double-digit price increases for property insurance, while looking to reduce limits and buy more reinsurance as it…
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CRE Insurance
EU countries to declare cyberattacks as act of war: report
European Union (EU) countries are just weeks away from invoking an agreement to declare cyberattacks from other nations as an…
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CRE Insurance
Ascent takes investment from Preservation Capital to further build cyber book
Preservation Capital Partners, the London-based mid-market private equity investment firm, has agreed to take a “significant” stake in Ascent Underwriting,…
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Asia
Chubb appoints Grant Cairns to new private equity role
Chubb has appointed Grant Cairns to the new role of private equity practice leader for its overseas general unit, which…
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Benelux
Aon shrugs off sharp drop in profits with new acquisitions
Aon has completed its €295m acquisition of leading independent Netherlands broker Unirobe Meeùs Group (UMG) and announced an agreement to…
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CRE Insurance
CII calls on insurers to rise to new gender pay gap rules
UK insurance body the Chartered Insurance Institute (CII) has issued a “call to action”, urging its members to publish gender…
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CRE Insurance
AIG posts $1.7bn Q3 loss on back of catastrophes and reserving
AIG has posted a larger than expected loss in the third quarter of 2017, after heavy catastrophe claims and a…