GRM Insurance
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Leif Hansen to lead Sedgwick’s Nordic expansion
Sedgwick has announced that Christian Leif Hansen has been named its CEO for the Nordic region. The group said his…
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$100bn-plus nat cat insured loss for second year running, says Swiss Re
Natural catastrophe year-to-date insured losses have hit $115bn, well above the ten-year average of $81bn, according to Swiss Re Institute…
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US P&C industry net underwriting loss quadrupled for first nine months of 2022
The US P&C industry nearly quadrupled its net underwriting loss in the first nine months of 2022, compared to the…
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BHSI promotes two in US executive and professional lines team
Berkshire Hathaway Specialty Insurance (BHSI) has announced two promotions in its US executive and professional lines team. Shelley Norman becomes…
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UK Covid BI litigation still favouring buyers as Stonegate appeals
Covid-19 business interruption (BI) litigation in the UK continues to favour policyholders despite insurers’ claims to have prevailed in recent…
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Howden takes 100% control of Australian specialty broker
Howden has increased its shareholding to 100% in Australian specialty broker and risk consulting company AlphaXO Risk Partners, headquartered in…
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US broker CAC Specialty adds to complex P&C practice
US specialty broker CAC Specialty has strengthened its complex property and casualty (P&C) practice, and expanded its multinational practice with…
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P&I Clubs to push for rate despite low claims year: Lockton
Lockton thinks P&I Clubs will push for premium increases at renewal even though they have faced low claims this year…
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Munich Re says 2022 hurricane season third-most expensive
Losses from hurricane Ian have made the 2022 north Atlantic hurricane season the third-most expensive ever, with insured losses of…
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Preparing for the storms ahead
Many risk managers feel they have been in firefighting mode for the last two years, struggling to stay ahead of…
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Stable global reinsurance sector amid uncertainty in market conditions, says Best
Despite highly uncertain market conditions, AM Best is maintaining its stable outlook on the global reinsurance segment, with a number…
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Mosaic opens Frankfurt office for cyber and transactional liability coverage
Specialty insurer Mosaic Insurance has opened an office in Frankfurt, Germany to meet high demand for cyber and transactional liability…
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Marsh appoints global head of private equity and M&A practice
Paul Knowles has been appointed as global head of Marsh Specialty’s private equity and M&A (PEMA) practice, with effect from…
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Stable D&O market in 2023 as competition increases, says WTW
The D&O market is likely to remain stable and competitive into 2023 as a result of increased capacity from newer…
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Arch and AEGIS rule out cover for East African pipeline
Arch Insurance and AEGIS London have ruled themselves out of insuring the East Africa Crude Oil Pipeline (EACOP) as Lloyd’s…
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London market pricing to stay firm into 2023, says Fitch
Fitch Ratings expects positive pricing momentum to be maintained into 2023 for the London insurance market sector, despite economic uncertainty.…
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Tokio Marine increases Indonesian joint venture shareholding to 80%
Tokio Marine Holdings has increased its shareholding in its Indonesian joint venture insurer. The stake in PT Asuransi Tokio Marine…
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Buyer concern switches from coverage litigation to cyberwar clauses
Buyers are growing more concerned about moves by insurers to exclude cyberwar protection than the recent spate of cyber coverage…
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Regulatory approval secured for Fidelis MGU
Fidelis Insurance has received regulatory approval for its new managing general underwriter (MGU) that is expected to begin operations on…
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India’s insurance regulator makes sweeping reforms
The Insurance Regulatory and Development Authority of India (IRDAI) is introducing reforms to create a progressive, supportive, facilitative and forward-looking…
