GRM News & Analysis
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Insurance Europe calls for removal of trade and market access barriers
A number of trade and market access barriers that European (re)insurers face in Argentina, Brazil, Canada, India and Indonesia should…
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Liberty Mutual names Sweeney president
Liberty Mutual has announced new executive leadership including the promotion of Tim Sweeney to the newly created position of company…
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European insurers hungry for M&A in 2021: Moody’s
Europe’s insurers and reinsurers have a “stronger appetite” for mergers and acquisitions (M&A) as they come out the other side…
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Ariel Re issues catastrophe bond
Ariel Re has issued its first 144A catastrophe bond, an index-triggered bond issued by Bermuda special purpose insurer Titania Re.…
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Expect ‘one, two punch’ from 2021 storm season, says FM Global as Claudette makes landfall
Atlantic hurricane seasons are expected to see less frequent but more severe storms, FM Global said as the first tropical…
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CFC opens Lloyd’s emerging and digital risks syndicate
Specialty insurer CFC has opened its new Lloyd’s syndicate for trading that will break the mould and not have a…
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Airline insurance buyers risk being trapped by high pricing
Aviation insurance buyers risk being “anchored” at high rates as exposures rise with a recovery in demand for air travel,…
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Camillo leads new insurer consortium to boost cyber risk management
A group of leading insurers have launched CyberAcuView under the leadership of AIG’s former head of cyber in EMEA Mark…
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A J Gallagher ‘wide open’ to buying more Aon-Willis assets
Arthur J Gallagher is willing to purchase more business from Aon and Willis Towers Watson (WTW), beyond the assets representing…
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Acrisure Re partners with cyber risk modeller Kovrr
London-based reinsurance broker Acrisure Re has launched a cyber reinsurance division in partnership with cyber risk modelling firm Kovrr.
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DLA Piper hires insurance and class action partner in Australia/UK
DLA Piper has hired insurance and class action specialist Tricia Hobson from Norton Rose Fulbright. She will join DLA Piper’s…
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Baden-Baden reinsurance meeting to take place in person
This year’s Baden-Baden reinsurance meeting is to take place in person, on 17-21 October 2021. The organisers said that after…
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DOJ complaint threatens to scupper Aon-WTW deal
The US Department of Justice (DOJ) has filed a civil antitrust lawsuit in the US District Court for the District…
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Lloyd’s reinsures Central Fund for £650m, led by JP Morgan-backed cell company
Lloyd’s has placed a new £650m reinsurance cover for its Central Fund, a £3bn pool held back for large losses…
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GDPR could be the target of UK’s post-Brexit ‘red tape’ cutting
An independent report into post-Brexit UK regulation, commissioned by the country's Prime Minister, has recommended replacing the General Data Protection…
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Howden brings Aon execs on board to lead further expansion in Europe
Rapidly expanding international insurance broker Howden has appointed Aon’s Luigi Sturani as CEO and Enrico Nanni as chief commercial officer…
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Intact and Tryg sell Codan to Alm. Brand
Canadian insurer Intact and Nordic insurer Tryg are to sell the Danish business of carrier Codan to Alm. Brand. Intact…
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Insurer cyber losses mount as cartels raise their game
Cybercriminal cartels behind ransomware payloads will be responsible for the majority of attritional losses in the insurance market, and potentially…