North America
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Aspen expands its support for Ryan Specialty Group’s MGU portfolio
Aspen Insurance Holdings and Ryan Specialty Group (RSG) have signed an agreement to support a diverse international portfolio of delegated…
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Supply chain disruption up 88% last year, says Resilinc
Factory fires polled as the number one cause of supply chain disruption last year, which saw an 88% rise across…
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Risk managers face sharp focus on supply chain ethics in the US
Leading US law firms are expecting supply chain ethics to be a big issue for risk managers this year, with…
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Vermont says 2021 was fourth-best year in its history for captives
Last year was Vermont’s fourth-highest year of growth in its 40-year history, in terms of new captive licences. Forty-five new…
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Merck ruling demands sharper focus on cyber risk management as cover tightens
The recent ruling by the New Jersey Superior court that insurers need to pay pharma giant Merck $1.4bn for losses…
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Stealth Partner Group launches captive solution for US healthcare costs
US stop-loss general agency Stealth Partner Group has launched a captive solution for employer healthcare costs. According to Stealth Partner…
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Strong commercial results boost Travelers’ profit
Travelers has reported that fourth-quarter net income rose 2% to $1.33bn on the strength of its commercial segments, which offset…
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QBE files poaching suit against Applied Underwriters
QBE Insurance Group units filed suit against Applied Underwriters earlier this week in connection with Applied’s hiring of 13 people…
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US cyber insurer Resilience appointed as coverholder at Lloyd’s
US cyber insurer Resilience has revealed it has earned delegated authority as a coverholder at Lloyd’s. According to Resilience, as…
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Trump Organization accused of misleading Zurich over surety bonds
New York authorities have outlined alleged misrepresentations by the Trump Organization in its purchase of surety bonds from Zurich Insurance,…
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Expect further tightening in cyber cover after $1.4bn Merck award
The recent ruling by the New Jersey Superior Court that Chubb and other insurers need to pay pharmaceutical giant Merck…
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Global tensions can be eased through climate risk management, finds new report
Lloyd’s has published a new report that it says will help risk managers and insurers navigate the significant overlap between…
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Secondary perils account for greater loss share of cat events in US, says Best
Secondary perils such as wildfires, tornadoes, and severe thunderstorms are accounting for a larger share of the losses from catastrophe…
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Leadership changes at Zurich North America including new head of captives
Zurich North America has announced a number of key leadership changes, including a new head of captives. Dawn Hiestand, currently…
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Cyber biggest risk in Allianz Barometer as pandemic fears recede
Cyber is the biggest business risk this year, knocking business interruption (BI) off the top spot into second place, with…
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Kroll names new MD to boost AML services
Governance, risk and transparency expert Kroll has appointed David Lewis, former executive secretary of the Financial Action Task Force (FATF),…
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Q4 cat losses expected to be manageable for US insurers
Fourth-quarter catastrophe losses are expected to be manageable for the US insurance industry but the impact of economic and social…
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AssuredPartners names Chubb exec Hammond as next CFO
Broker AssuredPartners has named Chubb executive Mark Hammond as chief financial officer from 2 March. As first reported in our…
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Sedgwick sells group captive unit to Specialty Captive Group
Specialty Captive Group, a division of Specialty Program Group, has acquired the assets of a group captive unit from Sedgwick.…
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TigerRisk Partners appoints partner to US property and casualty team
Joe Springer has been appointed as a partner by TigerRisk Partners to strengthen its US property and casualty team. Springer…
