Ben Norris
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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…
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CRE Insurance
Swiss Re will boost capacity for US nat cat risks if rates rise
Swiss Re said it is “willing to put capacity to work” and increase its exposure to US catastrophe risks if…
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CRE Insurance
Swiss Re reports $762m loss at Corporate Solutions and $1bn capital injection
Swiss Re has reported a loss of $468m for the first nine months of this year including a $762m loss…
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CRE Insurance
Board and c-suite concern over cyber risk falls: survey
An annual survey from Advisen suggests that fewer board members and executives are worried about cyber risk, as concern fell…
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CRE Insurance
Insurance must be priority in Brexit negotiations, concludes UK Treasury report
The UK government must include insurance as a priority sector in Article 50 Brexit negotiations, according to a report published…
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CRE Insurance
UK regulator warns financial services firms nearing decision day on Brexit
The UK regulator has warned that its financial services firms will start taking irreversible decisions on the location of operations…
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CRE Insurance
German insurers face €250m bill from Storm Herwart
Storm Herwart, which struck over the weekend, is expected to add up to €250m of losses to a growing catastrophe…
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CRE Insurance
IoT will reduce frequency risk but creates catastrophic exposures: AIG
The Internet of things (IoT) will help companies reduce their exposure to frequency losses but shifts the liability risk landscape…
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CRE Insurance
London market signs new bureau deal to deliver £100m in cost savings
A new bureau service deal is expected to save the London market £100m during the next five years, while delivering…
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CRE Insurance
Beazley starts financial lines rollout in Spain
Beazley has launched a new set of financial lines insurance products in the Spanish market for its commercial and financial…
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BI
Charles Taylor Adjusting appoints new director in France
Loss adjuster Charles Taylor Adjusting has appointed Glyn Symonds as director of operations in France. Based at the company’s new…
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CRE Insurance
Liberty Specialty Markets expands war and terrorism team
Liberty Specialty Markets (LSM) has appointed Jennie Beard to the new role of senior underwriter for war and terrorism, following…
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CRE Insurance
Chubb joins ranks of Q3 loss-making carriers
Chubb has added to the long list of carriers to report third-quarter losses on the back of hurricanes Harvey, Irma…
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CRE Risk Management
UK government report says employers must better manage mental health
A report commissioned by the UK government estimates that poor mental health among employees is costing the UK economy as…