Ben Norris
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BI
Hurricane Harvey not expected to be capital event for commercial insurers
Losses from Hurricane Harvey will impact the earnings of insurers covering risks in Texas but is not expected to prove…
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CRE Insurance
Swiss Re’s Alison Martin to take over as Zurich CRO from Cecilia Reyes
Zurich group’s chief risk officer Cecilia Reyes will leave the insurer and be replaced by Alison Martin. Ms Reyes will…
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Benelux
Hurricane Harvey could see Houston lose $60bn of GDP
Houston city’s economy could lose up $60bn of its gross domestic product (GDP) output as a result of flooding caused…
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GRM Insurance
Sompo Canopius to be acquired by private equity consortium
Lloyd’s insurer Sompo Canopius is to be acquired by a private equity consortium led by Centerbridge Partners and including the…
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CRE Insurance
Marsh appoints new leader of UK FI practice
Marsh has appointed David Nayler as leader of its UK financial institutions industry practice. Mr Nayler joins Marsh from Aon,…
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CRE Insurance
Kanye West counter-sued by contingency insurers
A consortium of Lloyd’s contingency insurers is countersuing the American singer Kanye West after he filed a case against them…
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Executive & D&O
Fast-acting parametric insurance for ‘quakes and windstorms launched
Zurich-based CelsiusPro has launched a parametric natural catastrophe insurance product for earthquakes and tropical cyclones, which provides emergency cash within…
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CRE People Moves
Ian Burford to join Fidelis in senior specialty role
Fidelis Insurance has announced that Ian Burford is joining the London underwriting team as chairman of specialised risks, effective 4…
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CRE Insurance
Hurricane Harvey loss estimates suggest only Katrina may cost US more
Economic loss estimates for Hurricane Harvey continue to mount, with latest figures from RMS placing the cost as high as…
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BI
Harvey continues to cause havoc as business disruption grows
Hurricane Harvey, now a tropical storm, continues to bring extensive disruption to industry and infrastructure in Texas and Louisiana, after…
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CRE Insurance
Argo’s Watson calls for action on ‘unsustainable’ competition in London
The international insurance and reinsurance market needs to take responsibility for the “unsustainable” competition in London and other international specialty…
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BI
Hurricane Harvey hangs on to cause more flooding as loss estimates rise
Loss estimates from Hurricane Harvey are on the rise as rain and major flooding continues to worsen in Texas, where…
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CRE Insurance
Novae shareholders approve Axis takeover deal
Novae’s shareholders have voted overwhelmingly to support the £477.6m takeover bid by Bermudian insurer Axis Capital. Almost 94% of shareholders…
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CRE Insurance
Aon launches flood limits replacement cover for Hurricane Harvey-hit clients
Aon is offering its clients a way to reinstate flood limits on property policies that may be exhausted by flooding…
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CRE People Moves
IGI’s Waleed Jabsheh moves to London
International General Insurance (IGI) has announced that Waleed Jabsheh is to take up the position of executive director of IGI…
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CRE People Moves
Jelf and Bluefin announce new head of professions
Patrick Hearn has been appointed as the new head of professions for the combined Jelf and Bluefin insurance business. Based…
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Executive & D&O
Ansvar launches two new charity products for Acturis
Two new charity products have been developed by Ansvar Insurance specifically for the Acturis broker platform. The niche not-for-profit sector…
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BI
Initial hurricane Harvey loss estimates up to $20bn
Hurricane Harvey, which made landfall in Texas on Friday and is still causing heavy rains and flooding in the southern…
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Association News
RIMS members continue standalone cyber trend
The number of RIMS members buying standalone cyber cover has risen again, according to the 2017 RIMS Cyber Survey. With…
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Cyber & Technology
Ironshore forms cyber response unit for all in-force policies
Ironshore has put together a Computer Emergency Response Team (CERT) to manage cyber claims across all product lines. CERT-Ironshore is…