Ben Norris
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Association News
Buyers advised to prioritise long-term partnerships over price in ongoing soft market
Despite the temptation to constantly change insurers offering ever lower prices in the ongoing soft market, buyers should prioritise the…
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Asia
Commoditised Asian market failing to reward risk management: Franck Baron
The Asian commercial insurance market is failing to factor in well-managed risks when pricing cover, which is encouraging the commoditisation…
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Asia
Ferma and Parima agree mutual recognition of respective certification schemes across continents
Ferma and Parima–the Pan-Asia Risk & Insurance Management Association–have signed a memorandum of understanding (MoU) that will see risk managers…
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CRE Insurance
Battle continues for late claims payment damages in UK
In the latest twist in the battle to secure damages for late claims payment under UK law, London insurance market…
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Association News
RIMS and ASIS International release new ANSI risk assessment standard
RIMS and ASIS International (ASIS) have released a new standard to help companies develop and sustain coherent and effective risk…
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CRE Insurance
Battle hots up over damages for late claims payment under UK law
Representative bodies of the London insurance market oppose and want to tone down a proposed law change that would see…
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CRE Insurance
Mexico escapes major damage from monster Hurricane Patricia
Insured losses to onshore properties in Mexico from Hurricane Patricia are unlikely to exceed $200m as the country escaped major…
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Asia
Corporate round-up
IUA names market modernisation consultant, ACE extends political and credit offering to Japan and Asta and Skuld to team at…
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CRE Insurance
German market set fair as it delivers improved results
The German non-life insurance market looks in good health as it delivered much-improved figures last year.
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CRE Insurance
ILS market in flux as cat bond issuance declines
Although total insurance-linked securities (ILS) under management continue to grow, catastrophe bond issuance has declined in 2015 as capital market…
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CRE Insurance
Lloyd’s CEO Inga Beale tops LGBT power list
Lloyd's of London chief Inga Beale has topped a power list of the world's leading lesbian, gay, bisexual and transgender…
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Europe
Buyer associations step up campaign to bring about global programme rule changes
Insurance buyer associations have this month announced plans to step up lobbying efforts with supervisors and regulators to improve rules…
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CRE Insurance
Proposed damages for late claims payment in UK set to transform landscape says leading lawyer
The UK government's proposals to penalise insurers for late claims payment could transform the country's claims landscape, according to law…
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Association News
New Ferma president convinced certification key to unlocking risk management potential
Jo Willaert took over as president of Ferma at the close the federation's Risk Forum 2015 in Venice last week…
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CRE Insurance
Amtrak completes first multi-peril corporate cat bond
Amtrak, the US transport firm, has completed its $275m cat bond making it the first corporate to secure multi-peril coverage…
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Asia
California wildfire claims over $1bn with much of peak season still to run
Wildfires in California last month caused insured losses of over $1.1bn, making this year already the most costly from the…
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Association News
Ferma teams up with Axco to provide global programme database to members
Ferma is forging a partnership with Axco Insurance Information Services (Axco) to bring its global programme compliance database specifically aimed…
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Association News
Risk management community must work harder to address talent shortage
The risk management industry faces a talent shortage and must work harder to attract and deliver the young, diverse risk…
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CRE Insurance
Insurers must stop demanding onerous info from insureds: ACE
Leading figures at ACE have conceded that insurers are demanding too much onerous risk information from clients and urged their…
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CRE Insurance
Marsh survey finds European firms not grasping cyber risk: supply chain weakness exposed
The majority of European risk managers are failing to properly identify, analyse and understand their organisations’ cyber exposures, primarily due…