Ben Norris
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Cyber & Technology
Munich Re to maintain ‘significant’ backing for cyber
Munich Re told those gathered at the Monte Carlo Rendez-Vous it plans to “continue providing significant capacity” for cyber risk…
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Geopolitical
Aon and Marsh want end of blanket exclusions for Ukraine
Aon and Marsh McLennan have come together to call on the (re)insurance industry to help boost Ukraine’s resilience and economy…
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Market
GVNW foresees market easing despite tough spots
The GVNW expects insurance pricing to ease in the coming months across most lines but warns that corporate motor and…
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Insurance
Average insured cat loss expectation reaches $151bn high: Verisk
Insured nat cat losses are now set to average $151bn a year, according to Verisk’s Extreme Event Solutions business, with…
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Association News
Airmic launches risk management fundamentals course
UK risk management association Airmic has launched a new course to help people learn about the fundamentals of risk management,…
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Reinsurance
Reinsurer appetite for nat cat to rise: S&P
S&P says reinsurers are showing growing appetite for nat cat risk as market conditions move in their favour and expects…
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People Moves
Aon names Kemp head of commercial risk UK
Aon has appointed Rob Kemp as head of commercial risk solutions for the UK. He will take up the role…
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Cyber & Technology
Cat bonds jump 20.5% in Q2 with ILS at record levels
Second-quarter catastrophe bond issuance reached $8.34bn, 20.5% higher than the same period last year that set the previous Q2 record,…
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Association News
GVNW condemns blanket PFAS exclusions
German risk and insurance management association GVNW has come out strongly against new blanket insurance exclusions for PFAS, also known…
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Association News
Ferma moves to boost ERM across Europe
Ferma’s new Enterprise Risk Management (ERM) committee aims to boost the practice among members by clarifying exactly what ERM is…
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Geopolitical
Political violence a ‘real threat’ in US
Increased political violence in the US driven by hostility between rival politicians in the run-up to the presidential election is…
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ESG
Zurich urges companies to open up on energy transition risks
Stronger collaboration with clients is the only real way to overcome a lack of data on emerging risks created by…
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Market
AGCS’s revenues rise as rate increases moderate
AGCS saw its total business volume increase by 8.2% in the second quarter to €3.11bn and by 5.3% to €6.66m…
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Market
Global insurance market now in flat territory: Aon
Things continued to improve for insurance buyers in Q2 as insurer growth plans saw risk managers enjoy a competitive, well-capitalised…
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Market
Debby losses to fall on primary carriers, says Moody’s
The majority of losses from Hurricane Debby will fall on primary insurers and within their reinsurance retentions, according to Moody’s.…
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Insurance
RSA introduces cloud-based claims portal
RSA says it has become the first UK commercial insurer to roll out a cloud-based claims solution, and is confident…
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People Moves
QBE promotes Desch to head of Germany
QBE has named Fabian Desch as its next general manager for Germany after Andrea Brock went on gardening leave in…
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Cyber & Technology
CrowdStrike losses ‘sizeable but manageable’: Guy Carp
Guy Carpenter estimates that the CrowdStrike outage will cost insurers between $300m and $1bn, making it a “sizeable but manageable”…
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Cyber & Technology
CyberCube pegs global CrowdStrike loss at $1.5bn
Modelling firm CyberCube estimates that insured losses from the CrowdStrike outage will cost the standalone cyber insurance market between $400m…
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Market
Chubb sees another jump in net income and expects casualty market to continue hardening
Chubb reported yet another rise in net income for the second quarter and half year, despite higher cat losses, as…