Global Risk Manager
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Inflation driving cat bond market growth
Hedge fund Fermat Capital Management expects the catastrophe bond market to grow 20% this year, as the product gains ground…
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New global sales and distribution lead for international programmes and captives at HDI Global
Phil McDowell has been appointed as global sales & distribution lead for international programmes and captives at HDI Global. McDowell…
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Liberty Mutual Re launches parametric cover for Colombian farmers
Liberty Mutual Reinsurance (LM Re), part of the Liberty Mutual Insurance Group, has launched a parametric agriculture product to protect…
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Experts report buyer’s market in many North American lines
The North American commercial insurance market is in transition, with property rates falling sharply in some cases, while liability rates…
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UAE insurers see bright and sunny Q1 2025
The absence of rains coupled with rising premium rates has led to insurance revenue growing by 21% in the first…
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US commercial P&C market softening continues, says CIAB
Most lines of business in the US commercial P&C market are softening, according to The Council of Insurance Agents &…
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Corporate Solutions’ numbers hold up as Swiss Re hit by cat losses
Swiss Re Corporate Solutions saw its insurance service result improve by 13% in Q1 to $240m and its combined ratio…
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Lloyd’s Market Association welcomes FCA consultation on commercial risks
The Lloyd’s Market Association (LMA) has welcomed the Financial Conduct Authority (FCA) consultation paper on simplifying insurance rules. It said…
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Swiss Re’s Colombo named AIG CEO in Latin America
Angelo Colombo will become executive officer for AIG Latin America and the Caribbean (LAC) from 2 June. Colombo will be…
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UK to confirm captive regime later this summer: reports
The UK government has delayed an announcement on a new regime for captives, according to reports. City AM said it…
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Rokstone appoints head of complex claims
Stephanie Belcourt has been appointed head of complex claims at speciality (re)insurance MGA Rokstone. The MGA said the appointment reflects…
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AGCS records 0.9% fall in rates in Q1
Allianz Global Corporate & Specialty (AGCS) booked a 5.6% fall in operating profit to €223m for the first quarter of…
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Price corrections needed for Saudi insurers amid challenging conditions in 2025
The impact of intense price competition in medical and certain motor segments are now coming through in the Saudi insurance…
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Markel Insurance appoints senior underwriter – war and terrorism in US
Markel Insurance has made two key appointments to enhance its international war and terrorism presence in the US. Joshua Watson…
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Pen launches cyber risk management tool for insureds and brokers
London market MGA Pen Underwriting has launched a new risk management platform to help customers and brokers around the world…
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Cyber price reductions slow in North America as risks evolve
Cyber rate decreases have moderated in North America despite rising claims, said cyber insurance experts at last week’s annual Rims…
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Asian risk managers advised to remarket programmes
Aon’s first quarter (Q1) analysis of trends in terms and conditions for corporate and commercial insurance finds that the market…
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Markel offers cyber war cover wrap for large corporates
Markel has launched a specialist cyber product providing cover of up to $5m for indirect losses arising from war to…
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Hannover’s P&C service result down almost 50% after heavy wildfire losses
Hannover Re’s net income fell 13.9% in the first quarter to €480m as Californian wildfire losses busted its budget expectations.…
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Gallagher develops market-wide solution for nuclear airline insurance exclusion
A new market-wide solution for an insurance exclusion has been developed by Gallagher to help ensure that airlines can remain…