Ben Norris
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Insurance
Descartes leading the parametric charge in DACH region
Parametric solutions are becoming increasingly popular among risk and insurance managers as the traditional insurance market continues to pull back…
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Energy
WTW calls for recalculation of power risks as values soar
Insurance buyers from the power sector can expect rate increases of between 2.5% and 20% for third-quarter renewals as insurers…
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ESG
Energy crisis questions drive to ban fossil fuel cover
The increasingly intense pressure placed on insurers and reinsurers to back away from covering fossil fuels is causing an “unacceptable”…
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Market
German buyers suffer more challenging market in Q2 than European peers
The German commercial insurance market stood out as particularly difficult for buyers during the second quarter, according to Aon’s latest…
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Energy
German business unhappy with latest relief package to combat inflation and energy crisis
The Federation of German Industries (BDI) has warned that there are “serious deficiencies” in the latest package of measures announced…
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Association News
GVNW members increasingly involved in EB and pensions
German risk managers are becoming increasingly involved in employee benefits and company pension schemes as the market rapidly evolves and…
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Risk Management
German firms face unprecedented and ‘existential’ uncertainty, finds BDI survey
A flash survey carried out among 600 medium-sized German companies by the Confederation of German industry (BDI) finds that they…
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Market
Axis launches wholesale division
Bermuda-based Axis Capital has launched Axis Wholesale to focus on growth in the wholesale market. The new division is led…
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DACH
Risk managers look to captives in stressed German market
Big interest in the opening session on captives during the first day of the GVNW Symposium, and wider conference talk…
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Supply Chain
Container logjam in German Bight latest supply chain headache for risk managers
German risk managers gathered for the annual GVNW Symposium in Munich are focused on helping their companies cope with a…
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DACH
GVNW committee frustrated as insurance market goes into ‘exclusion mode’
The systemic risks that all GVNW members are struggling with, from pandemics to cyber and war, are proving particularly tricky…
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DACH
German buyers back new mutuals to cope with harsh market
Leading German multinationals have called for a market-wide effort to investigate the creation of new industry mutuals to deliver long-term…
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Insurance
Inflation and reinsurance costs put squeeze on European insurers
Non-life insurer profits in Europe will come under increasing pressure from inflation and higher reinsurance costs, warn insurance analysts at…
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Nordics
Sedgwick buys Danish firm Leif Hansen
Sedgwick has taken full ownership of Danish loss adjuster Leif Hansen after previously holding a minority stake in the firm.…
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Analysis & Opinion
MGA Alta Signa brings badly needed quality capacity to German market
Fast-growing specialty managing general agent (MGA) Alta Signa has launched into the German market as insurance buyers report the commercial…
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Legal & Regulation
Sharma urges market to use IUA FINC clause to clear up confusion
German risk managers, and many others across the world, are becoming increasingly frustrated about a lack of consistency in the…
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Climate Change
Heat stress to be extreme risk for 71% of global food production by 2045
About three quarters of today’s global food production will face extreme risks from heat stress by 2045, according to a…
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DACH
Mahnke demands rethink on claims and renewal of partnership
Corporate and industrial insurers need to take a less confrontational approach to claims or risk even further long-term damage to…