Insurance
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Business urged to work more closely with gov on cyber as UK announces extra £1.9bn fund
In a week when the UK committed an additional £1.9bn to cyber defence, Mark Weil, CEO of Marsh UK &…
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Uber ruling could increase workers’ rights in gig economy
Last week's UK employment tribunal ruling against motor ride-sharing company Uber highlights growing concern over employment rights for flexible and…
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Ransomware attacks soar
Current trends suggest that global ransomware attacks will increase fourfold this year, warns data breach expert Beazley.
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Corporate round-up
AIG terror limit lifted to $1bn, Flood Re's CEO leaves for AXA and XL Catlin launches Consumer Products Recall solution…
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Telematics unlikely to enjoy quick start in Germany: Fitch
Growth in motor telematics is likely to be slow in Germany due to a lack of interest on both the…
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Aspen reports sharply reduced underwriting result in insurance segment
Specialty insurance and reinsurance group Aspen has reported net profit of $95.6m for the third quarter of 2015 compared with…
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Further softening likely in US P&C market despite growing pressure on insurers, says Guy Carp
Figures from Guy Carp suggest that there will be a further softening of the US commercial insurance market. This is…
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IUA calls for reinsurance agreement between EU and US to deliver free capital flow
The International Underwriting Association (IUA) this week called for a covered reinsurance agreement between the EU and US to allow…
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Rising protectionism making access to markets increasingly tricky: Inga Beale
The rise of protectionism across many parts of the world is making it harder for Lloyd's and the wider insurance…
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Corporate round-up
Standard Club extends Nordic reach with MGA joint venture and AGCS enters contingency market following new hire.
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XL Catlin reveals new structure along with third quarter results
XL Catlin is the latest international insurer to announce a significant restructuring that appears driven by the need to rise…
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HDI Global will maintain tough stance at renewal rather than risk reserves: Hinsch
German risk and insurance managers can expect another round of tough renewals with HDI Global at this year-end in certain…
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Focus on risk that can be financed, advises GVNW’s Mahnke
German and European risk managers need to focus on risks that can be financed and insured, rather than worrying too…
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French firms continue to enjoy soft market but insurers becoming hyper selective: AMRAE
French companies still benefit from a soft insurance market and growing risk transfer options, but favourable coverages could become harder…
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Two powerful earthquakes strike Italy
Two strong earthquakes have struck central Italy with the effects felt in Rome. There have been no official damage reports…
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Risk manager finalists announced for European Risk Management Awards
Finalists for the European Risk Management Awards' Excellence in Risk Management categories – which will be whittled down to one…
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Risk managers unhappy with claims services in Spain
Spanish risk managers have complained about a lack of support from insurers when their companies suffer large losses and asked…
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Brokerslink urged to place knowledge at centre of cyber advice to become number one advisor
Peter Hacker, group chief innovation officer at Ed, has called on his partners at Brokerslink to help the network become…
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Political risk insurance evolves to meet growing demand
The growing number of political and societal risks is one of the biggest concerns for any multinational business. Exposures are…
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Willis Towers Watson appoints Australia head
Willis Towers Watson appoints Australia head and Hong Kong country manager appointment at XL Catlin.