Tony Dowding
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Analysis & Opinion
A holistic approach to cyber risk management
The digital revolution has meant that organisations are becoming increasingly connected, businesses are more open, and many companies have longer-term…
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Global Risk Manager
US commercial P&C market continues to firm, says CIAB
The US commercial property and casualty market continued to harden in the fourth quarter of 2019 in all classes with…
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CRE Insurance
AM Best downgrades Argo’s ratings
Argo Re has had its financial strength rating downgraded by AM Best from A (Excellent) to A- (Excellent), as a…
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Captives
Hardening market behind Guernsey captive growth
The hardening market has seen Guernsey attract 11 new captives to the domicile in 2019, its best result since 2016…
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Aviation
Marsh JLT Specialty appoints global head of aviation
Garrett Hanrahan has been appointed as global head of aviation, Marsh JLT Specialty. He will succeed Simon Harker, who is…
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CRE Insurance
Berkshire Hathaway reports fall in insurance earnings for 2019
Operating earnings for Berkshire Hathaway’s property and casualty (P&C) insurance operations fell from $1.57bn in 2018 to $325m in 2019.…
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CRE Insurance
US D&O rates to continue rising says Best
Directors and officers (D&O) insurance rates are expected to continue to rise, according to AM Best, which believes insurers will…
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Captives
Self-Insurance Institute of America defends captives in light of IRS clampdown
The Self-Insurance Institute of America (SIIA) has defended captives in light of the US Internal Revenue Service’s (IRS) ongoing clampdown…
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CRE Insurance
ICS 2.0 a ‘major step’ to single global capital standard
The International Association of Insurance Supervisors (IAIS) has called the development of Insurance Capital Standard (ICS) Version 2.0, which has…
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Captives
EU returns Bermuda to white list of fully cooperative tax jurisdictions
Bermuda has been removed from the European Union’s (EU) so-called tax ‘grey list’ and returned to the ‘white list’ of…
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CRE Insurance
S&P sanguine over Swiss Re result
Even though Swiss Re performed materially below expectations, S&P Global Ratings expects the group to maintain its risk-based capital above…
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Africa
Global insurance M&A at a four-year high, says Clyde & Co
Global insurance merger and acquisition (M&A) activity continues to grow, according to the latest edition of Clyde & Co’s insurance…
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Captives
Cayman to be added to EU tax haven blacklist
The Cayman Islands is to be added to the EU list of non-cooperative tax jurisdictions, according to the Financial Times.…
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Asia
Huge potential for employee benefits captives in Asia-Pacific
Maxis GBN has highlighted the potential for the captive market in Asia-Pacific to help multinationals in the region manage the…
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Analysis & Opinion
Making claims globally consistent and locally responsive
The promise to pay claims is what risk managers are buying when they take out an insurance policy. Massimiliano Malinverno,…
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Captives
Strategic Risk Solutions launches medical stop-loss consulting firm for captives
A specialist underwriting and consulting services firm focused on the use of captives in medical stop-loss programmes has been launched…
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Global Risk Manager
Canadian insurance taskforce to examine impact of hard market
The Insurance Bureau of Canada (IBC) has launched a taskforce to assess how the hard market in commercial insurance is…
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Captives
Strong year for captive formations in Delaware
Delaware licensed 56 new captives in 2019, according to the state’s insurance commissioner Trinidad Navarro. This compares with 46 captive…
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CRE Insurance
AXA sells operations in Poland, Czech Republic and Slovakia to UNIQA
AXA is selling its operations in Poland, Czech Republic and Slovakia, but AXA XL’s and AXA Partners’ operations within the three…
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Global Risk Manager
GCC insurance markets facing intense competition and costly regulations
The Gulf Cooperation Council (GCC) insurance market is facing intensifying competition, increasing asset risk, and more onerous and costly regulations,…