Global Risk Manager
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Rates up 4% in Q4 as moderation trend continued: Marsh
Average global commercial insurance rates rose by 4% in Q4 2022 as prices increased for the 21st consecutive quarter but…
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Rousseau replaced as SCOR CEO following poor Q3 results
Thierry Léger, group chief underwriting officer at Swiss Re, is replacing Laurent Rousseau as CEO of SCOR after the Paris-based…
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Marsh posts ‘outstanding’ 2022 result on the back of hard market
John Doyle, president and CEO of Marsh McLennan, described 2022 as an “outstanding year” for the group, which reported net…
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Gallagher expects further rate increases as it reports revenue growth
Primary insurance rates will likely increase further in 2023 as the effect of higher year-end reinsurance costs filter through to…
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Insurers increasingly offer risk prevention and risk engineering services
Insurers are increasingly transforming “from payers to preventers”, offering specialised risk-mitigating coverage, with a focus on risk prevention and risk…
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Beazley offers private equity D&O liability policy
A new private equity D&O liability insurance product has been launched by Beazley. According to the insurer, it focuses on…
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Vietnam launches new insurance market development strategy
The Vietnamese government has formulated the Strategy for the Development of Vietnam’s Insurance Market to 2030, with the goal of…
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BMS appoints managing director of construction
Specialist insurance and reinsurance broker BMS has appointed Caroline Eyre as managing director of construction, effective April 2023. She joins BMS from…
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Higher reinsurance costs likely to reaccelerate primary rate increases
The hardening reinsurance market at 1 January could well “reaccelerate” price increases for commercial property and specialty insurance buyers, market…
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New head of captives in APAC and Europe at AXA XL
Marine Charbonnier has been appointed as head of captives and facultative underwriting, APAC & Europe at AXA XL Insurance. She…
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Insured losses of $132bn from naturals disasters in 2022
Insured losses from natural disasters amounted to $132bn in 2022, the fifth costliest year on record for insurers, according to Aon’s…
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Major industry claims trend report from Sedgwick
Sedgwick has released its Imagine 23 report of major industry trends and issues that are going to dominate the year…
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QBE restructures trade credit senior leadership in Europe
Seb Rice has been appointed commercial head, trade credit at QBE Europe. The move follows a restructuring of the insurer’s…
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Miller splits into international and UK divisions
Miller has reorganised its business into two divisions, Miller UK and Miller International, as part of a strategic re-alignment. Miller International…
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Recent California flooding losses up to $1.5bn, says Moody’s RMS
Total US economic losses from the California flooding at the end of last year are estimated at $5bn-$7bn, with insured…
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New EMEA CEO at Swiss Re Corporate Solutions as Kleiterp leaves for Beazley
Swiss Re Corporate Solutions’ EMEA CEO Fred Kleiterp has left his role to become European general manager at Beazley, and…
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Revisit valuations and policy limits as inflation rises, says WTW
WTW has urged risk managers to revisit valuations and policy limits in order to mitigate against inflationary effects and ensure…
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Liberty Mutual’s Global Risk Solutions appoints head of sustainability
Denise Delaney has been appointed as head of sustainability for Liberty Mutual Insurance’s Global Risk Solutions (GRS) division. According to…
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Travelers expects ‘very strong’ pricing environment to continue
Travelers chairman and CEO Alan Schnitzer said the insurer secured significant price rises over the past two years and it…
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New UK country manager for Berkshire Hathaway Specialty Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has appointed Nick Major as country manager, BHSI UK. Major joins BHSI from Aviva and…