Ben Norris
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Insurance
Aon expected to announce $4.8bn sale of benefit outsourcing business
News agency Reuters has reported that Aon has agreed to sell its employee benefits outsourcing business to private equity firm…
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CRE Insurance
Revenues up but profits down at Mapfre Global Risks
Mapfre Global Risks, the Spanish insurance group’s operation dedicated to the large corporate market, reported healthy premium growth in 2016…
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CRE Insurance
Willis reports 50% drop in profits during first year post-merger
Willis Towers Watson has reported significantly reduced profits for full-year 2016, on the back of a 5% increase in revenues.…
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CRE Insurance
Insurers count weather losses for ‘active’ January
Winter storms in both Europe and the US made January 2017 one of the most active for global natural catastrophes…
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CRE Insurance
Greco announces big turnaround at Zurich
Mario Greco appears to have woven his magic at Zurich since rejoining the group in March of last year as…
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Insurance
Aspen reports loss in Q4 as insurance business restructured
Aspen Insurance, the Bermuda-based insurance and reinsurance group, today reported a net loss of $71.5m and operating loss after tax…
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Insurance
Markel earnings hit by catastrophes and reserve deterioration
US insurer and reinsurer Markel Corporation reported a 22% fall in net earnings from $582.8bn to $455.7m for 2016 following…
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Association News
Ferma urges risk managers to complete business travel risk survey
Ferma is calling on Europe’s risk managers to take part in an online survey on the changing risks that organisations…
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CRE Insurance
Enstar takes on RSA’s £834m UK liability book
RSA Insurance Group has reinsured its UK employers’ liability legacy business in a £799m “risk clean-up” deal with Bermudian insurer…
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CRE Insurance
New London e-platform gains momentum
A total of 1,600 risks have been placed using the London market electronic trading platform PPL since it launched in…
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CRE Risk Management
EC cranks up pressure on VW over compensation
The European Commission (EC) is stepping up its efforts to persuade Volkswagen to compensate European motorists affected by the emissions…
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CRE Insurance
Virtual terrorism and CBRN threat grows
Islamic terrorists are moving online as they come under increasing pressure on the ground, according to a report by UK…
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Insurance
Plans to tax US reinsurance transfers overseas ‘insane’: Noonan
The plan to eradicate tax deduction for reinsurance placed with foreign reinsurers by US insurers, based on the argument that…
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Association News
EC calls on member states to close gaps in environmental law
The European Commission (EC) has rolled out a programme of measures to address gaps in member states’ implementation of environmental…
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Association News
Diversity of knowledge key to managing risk: Airmic
Boards and their risk management advisers will need more diverse experience and expertise as they grapple with the rapidly changing…
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CRE Insurance
Munich and Hannover Re report reduced premiums in tough market
Munich Re and Hannover Re both posted preliminary year-end 2016 figures yesterday that showed lower operating profits and reduced gross…
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Insurance
Consolidation continues as Argo closes Ariel deal
Consolidation within the international specialty insurance and reinsurance market continues, as Bermuda-based Argo Group announced that it has closed the…
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CRE Insurance
The Galaxy Note7 and product recall
The recent tale of the Samsung Galaxy Note7 raises numerous points of interest for product manufacturers, risk managers and their…
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Climate Change
Ferma to advise risk managers on EC’s new ELD three-year plan
The European Commission will propose what it calls a “multi-annual rolling work programme” (MAWP) to member states’ experts and stakeholders…
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CRE Insurance
Allied World reports 2016 profits as $4.9bn Fairfax deal nears closure
Allied World Assurance prepared for its soon to completed $4.9bn takeover by Canadian financial group Fairfax by reporting a net…