Global Risk Manager
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April 9, 2024
Reinsurance prices ‘peaked’ ahead of next round of renewals, says Berenberg
Reinsurance prices are likely to have peaked, according to analyst Berenberg, but strong levels of demand for protection will balance…
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April 9, 2024
Insurtech launches UK construction sector specialist MGA
A new specialist MGA serving the UK construction sector has been launched by insurtech Acies MGU. Phoenix Specialty has capacity…
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April 9, 2024
Crawford & Company appoints president for Asia
Scott Reichelt has been appointed as president, Asia, at Crawford & Company. Based in Singapore, Reichelt will lead Crawford’s operations…
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April 9, 2024
TSR raises forecast for ‘hyper-active’ North Atlantic hurricane season
Tropical Storm Risk (TSR) has raised its forecast for North Atlantic hurricane activity in 2024, predicting that it will be…
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April 9, 2024
Berkshire Hathaway Specialty Insurance appoints head of multinational
Amy Bowman has been promoted to head of multinational at Berkshire Hathaway Specialty Insurance (BHSI). She was previously vice-president of…
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April 8, 2024
German insurers upgrading models to include flash floods
German insurers are working to take flash floods into account within their risk models. “The July 2021 flood in particular…
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April 8, 2024
New credit and political risks consortium launched by Antares syndicate
Antares syndicate 1274 has launched a credit and political risks insurance consortium. The maximum line for the consortium will initially…
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April 8, 2024
Lancashire Insurance US focuses on E&S market
Lancashire Insurance US has opened for business, operating under a delegated underwriting arrangement with Lancashire’s UK platform. It is focused…
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April 8, 2024
New global directors of aviation and marine at Charles Taylor
Hugh Thacker has been appointed as global director of aviation and David Boghurst as global managing director of marine at…
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April 8, 2024
US commercial insurance rate hikes slow in Q1: MarketScout
Commercial US insurance rates rose an average of 3.9% in the first quarter of 2024, compared with 5.6% in the…
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April 8, 2024
AGCS selling Fireman’s Fund business to Arch for $450m
Allianz Global Corporate & Specialty (AGCS) has agreed to sell its US mid-market and entertainment insurance business underwritten through Fireman’s…
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April 5, 2024
Taiwan property rates likely to increase following earthquake
Taiwanese insurers are expected to remain profitable despite the recent 7.2 magnitude earthquake that struck the main island’s east coast…
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April 5, 2024
AXA XL launches new lead DIC D&O policy
AXA XL’s Bermudan professional lines team has launched a new lead DIC directors and officers liability policy. The insurer said…
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April 5, 2024
AXA XL exits US crop insurance business with sale of Global Ag unit
Farmers Mutual Hail Insurance has acquired Global Ag Insurance Services from commercial and specialty insurer AXA XL. Terms of the…
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April 4, 2024
AIG files action against Dellwood leadership for stealing ‘trade secrets’
AIG has filed an action against a group of former senior executives who left the insurer to launch US excess…
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April 4, 2024
Australian class actions ‘bounce back’ after lull in 2022
Australian businesses faced the second ever highest number of class actions in 2023 and the sectors at risk are expanding,…
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April 4, 2024
South Africa to see continuing property and motor rate increases
Premium rate increases for property and motor insurance in South Africa are expected to continue in 2024 driven by reinsurance and…
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April 4, 2024
Aon’s CFO to step down while CEO Case gets contract extension
Aon’s executive vice president and CFO Christa Davies has decided to retire in 2025 and will move into the role…
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April 3, 2024
New MGA Devonshire to focus on transactional risk
A new MGA has been launched specialising in underwriting transactional risk and backed by Lloyd’s and a panel of A-rated…
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April 3, 2024
Softer times ahead for London construction insurance market
Risk managers in the construction sector can expect a less stressful time at coming renewals in the London market, according…