Ben Norris
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Benelux
Evolution of European broking sector continues
It has been an active few weeks in the European broking sector as leading international players JLT, Aon, BMS and…
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CRE Insurance
AM Best says no market turn despite underwriting losses leaves reinsurers at risk of rating downgrades
AM Best is concerned that despite poor underwriting performance last year, the reinsurance market shows no sign of hardening and…
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CRE Insurance
Alternative capital continues to rise but must align with new risks for future growth
Alternative capital continues to flow into the reinsurance market, but without innovation it will be hard to deploy, according to…
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CRE Insurance
Tokio Marine chooses Luxembourg for new EU company
Tokio Marine Group is planning to open a new European insurance company in Luxembourg. The company said the move will…
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CRE Insurance
German insurers report 2% rise in engineering premiums
German insurers reported a 2% increase in engineering premiums to €2bn for 2016 on an additional 200,000 policies, strengthening its…
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CRE Risk Management
Kroll appoints cybersecurity expert
Risk firm Kroll has appointed Ioan Peters as associate managing director of its cybersecurity and investigations practice in London. Mr…
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CRE Insurance
Free online course launched to develop understanding of nat cat risk
A free, online course has been launched to help interested parties, including risk managers, better understand natural catastrophe risk and…
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Cyber & Technology
Cyber insurance loss index launched by Verisk PCS
Property Claim Service (PCS), part of Verisk Analytics, has launched a global cyber insurance loss index. Called PCS Global Cyber,…
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CRE Insurance
Companies buying inappropriate cyber cover because of patchy risk awareness
A lack of understanding around cyber risk is causing many firms to purchase cyber cover that simply does not meet…
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CRE Insurance
Chaucer Dublin establishes London branch
Chaucer, the specialist insurance group, has received authorisation from the UK’s Prudential Regulatory Authority to establish a branch of Chaucer…
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Aviation
JLT acquires Belgian specialty broker to boost EU platform
Broker JLT has joined London market insurers in establishing a platform for EU business post-Brexit. JLT said it has acquired…
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CRE Insurance
Risk mitigation post-Sandy limit marine cargo losses from Hurricane Harvey
Risk measures in place at hurricane-prone ports since Superstorm Sandy are expected to have minimised the full impact of Hurricane…
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CRE Insurance
XL Catlin appoints new casualty underwriting manager for Switzerland
XL Catlin has appointed Roman Mösli as casualty underwriting manager for Switzerland. Mr Mösli was previously casualty underwriting manager for…
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Benelux
Liberty Specialty Markets signs new PI underwriter in The Hague
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Marnix de Kievit to the newly created role…
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CRE People Moves
MS Amlin commits to recall market with senior appointment
MS Amlin has announced that Ed Mitchell has joined as lead underwriter of its product recall team. Based in London,…
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Asia
Falling premium rates and competition to hit Lloyd’s, says Moody’s
Growing competition combined with tepid economic conditions and a likely reduction in reserve releases will put pressure on premium rates,…
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CRE Insurance
NFIP claims from Hurricane Harvey will rival Superstorm Sandy: RMS
The US National Flood Insurance Program (NFIP) could be facing gross losses of between $7bn and $10bn from Hurricane Harvey,…
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CRE Insurance
Award-winning risk managers urge governments to boost cyber mitigation
Winners of the European Risk Manager of the Year Awards have urged governments to concentrate on boosting cyber defences to…
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GRM Insurance
Ascot’s Ethos launches US specialty MGA, Vertical Underwriting
Ascot Group has launched Vertical Underwriting Managers (VUM), the first US specialty MGA under its standalone Ethos Specialty Insurance Services…
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Africa
UN’s insurance protection gap programme boosted by new partnership
The Microinsurance Network, a multi-stakeholder platform for the world’s microinsurance community of experts and institutions, has joined the United Nations’…