Ben Norris
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Association News
New Ogden rate and IPT increase will harm business, warns Airmic
Airmic has added its voice to industry concern over the UK government’s decision to reduce the discount rate applied by…
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CRE Insurance
UK government holds industry meeting after Ogden rate shock
UK insurers have met with Chancellor of the Exchequer Philip Hammond to discuss the government’s decision on Monday to slash…
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Benelux
Business votes digital risks as top three disruption threats
Digital risks rank as the top three interruption threats in a recent survey of global businesses, undertaken by the Business…
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CRE Risk Management
Positive signs of rising maturity in GCC risk and insurance market: Ward
There are positive signs of a growing maturity in the Gulf Cooperation Council (GCC) risk management and insurance market, which…
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CRE Insurance
Reserves and profits hit by Ogden rate change: AM Best
Rating agency AM Best has warned that Q1 2017 earnings for UK motor insurers will be “bleak”, following the government’s…
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CRE Insurance
AIG directors reportedly mull Hancock action
AIG directors are preparing to discuss the company’s progress in delivering targets set out in its two-year restructuring programme, during…
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CRE Insurance
Risk managers face more prescriptive cyber rules
Data protection rules in the EU and US are becoming more prescriptive as governments look to tackle the rising cyber…
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CRE Insurance
UK government introduces whiplash cap Bill
The UK government’s plans to reduce the discount rate applied to large personal injury compensation awards were announced days after…
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CRE Insurance
UK P&I Club appoints EMEA regional director
The UK P&I Club has appointed Susanne Murphy EMEA regional director as part of its growth plans in the Europe,…
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CRE Insurance
Insurers object to ‘crazy’ personal injury award rate set to increase motor premiums
The UK insurance industry has labelled a decision by the UK government to slash the discount rate for serious personal…
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CRE Insurance
AXA’s 2016 results meet five-year targets
AXA CEO Thomas Buberl said the group is on track to fulfil its strategy targets, set out in its Ambition…
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Africa
Lloyd’s urges insurers to protect assets from climate change devaluation
Insurance companies should act to identify and mitigate the risk of investment assets vulnerable to potential changes in climate change-related…
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Benelux
Storm Egon losses to top €200m
Storm Egon, which hit parts of France and Germany last month, is estimated to cost insurers €212m, according to data…
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CRE Insurance
RSA states aim to ‘outperform’ market as profits rise 25%
RSA said 2016 marked a “turnaround” in its fortunes as the insurer reported a 25% increase in operating profits to…
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CRE People Moves
Validus Specialty poaches cyber duo from Nationwide
Validus Specialty, the wholly owned subsidiary of Validus Holdings, has launched a US cyber insurance unit based in New York,…
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CRE Risk Management
FRC calls for more powers in response to corporate governance consultation
In response to the UK government’s green paper and consultation on potential corporate governance reforms, the Financial Reporting Council (FRC)…
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CRE Insurance
Insurance Europe concerned by compulsory robotics insurance plans
Insurance Europe has told the European Parliament that it would not support a compulsory insurance scheme proposal for manufacturers of…
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CRE Insurance
DAC Beachcroft acquires Clyde & Co injury team
Law firm DAC Beachcroft has acquired a team of complex injury specialists from Clyde & Co. The six partners and…
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CRE Insurance
Chubb appoints new European COO
Chubb has appointed Adrian Matthews as chief operating officer (COO) for continental Europe. Mr Matthews currently acts as executive vice-president…
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CRE Insurance
Former broker Carnegie-Brown named Lloyd’s chairman
Bruce Carnegie-Brown has been named as the new chairman of Lloyd’s and will take over the role from June of…