Tony Dowding
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Analysis & Opinion
A matter of cyber risk management culture
People and processes are key to addressing cyber risks, including the growing problem of ransomware, according to Oliver Delvos, global…
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Global Risk Manager
Second-quarter increase for most US commercial lines premium rates
US commercial lines premium rates increased for the second quarter of 2021, compared to the previous quarter, in all lines…
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Global Risk Manager
US insurer Westfield launches specialty insurer
US property and casualty insurer Westfield is entering the specialty insurance business with the launch of Westfield Specialty. It has…
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GRM Comment
Our insider running a $60bn global broker
As broker consolidation makes some risk managers feel like a commodity being traded between the global intermediaries, the Worldwide Broker…
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GRM Analysis & Opinion
Location of risk
Apart from all but the longest-standing risk managers, many global corporate insurance buyers are experiencing their first hard market. The…
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GRM News & Analysis
Climate lawsuits could be ‘comparable to tobacco or mesothelioma litigation’
Any companies that thought they didn’t need to worry about being sued for their environmental behaviour should think again after…
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GRM Comment
Time to get ‘phytigal’
Industry jargon is nothing new and the risk and insurance sector is not immune to impenetrable dialogue. Captives, sidecars, NDBI,…
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Global Risk Manager
Vantage Group buys US surplus lines insurer to create Vantage Risk Specialty
US specialty re/insurer Vantage Group has acquired an Illinois-domiciled domestic surplus lines insurance company licensed in 47 states. The new…
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Insurance
Liberty Mutual to acquire Malaysian insurer AmGeneral
Liberty Mutual Insurance is to apply for regulatory approval to acquire Malaysian insurer AmGeneral Insurance Berhad (AmGeneral). AmGeneral is currently…
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Insurance
Australian general insurers must review risk management frameworks
Australian general insurers have been told to review the soundness of their risk management frameworks in light of recent issues…
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Insurance
Best continues negative outlook for Mexican insurance sector
Aggravating factors from the Covid-19 pandemic are affecting macro and microeconomic fundamentals in Mexico, according to AM Best, and as…
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Insurance
First-half US surplus lines premiums up sharply
Surplus lines premiums reported to US surplus lines stamping and services offices totalled $24.04bn in the first half of this…
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Insurance
Howden forms climate risk and resilience division
A new climate risk and resilience division has been launched by Howden. The broker said the team will focus on…
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Insurance
Swiss Re expects increase in US claims severity due to inflation surge
A surge in inflation in the US is expected to drive a short-term claims spike in US property insurance, and…
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Insurance
Travelers makes strategic minority investment in Fidelis
US insurer The Travelers Companies has made a strategic minority investment in Fidelis Insurance Holdings, a leading insurance and reinsurance…
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Insurance
Swiss Re report forecasts global premium growth driven by commercial P&C
The strong global economic recovery from Covid-19 will lead to historically high global real gross domestic product (GDP) growth of…
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Insurance
Latin American premium growth hit by pandemic, finds Mapfre report
LatAm’s insurance market overall grew by 0.2% overall in 2020, with a solid performance by the non-life insurance industry, which…
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Insurance
BHSI to underwrite property insurance for mittelstand enterprises in Germany
Berkshire Hathaway Specialty Insurance (BHSI) has commenced underwriting property insurance for mittelstand enterprises across Germany and has appointed Natali Bagaric…
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Insurance
Applied Underwriters buys Generali’s US specialty lines division
Applied Underwriters has acquired the US specialty lines division of Generali Group. The division includes Generali Warranty Services, a fully…
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Insurance
Tegron Specialty appoints new CUO
Ray Pallett has been appointed as CUO of Tegron Specialty, a specialist underwriting vehicle focused on commercial D&O, which is…