North America
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Risk managers urged to prepare for rising group actions across Europe
Jennette Newman, vice-president of the London-based Forum of Insurance Lawyers (FOIL), which represents the defendant insurance lawyer community, discusses the…
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Marsh’s revenues increase by 3% in Q3
Marsh & McLennan Companies’ (MMC) risk and insurance broking business saw operating income increase by almost 20% to $333m in…
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Mexican insurance sector to remain pressured but resilient, says Fitch
The Mexican insurance sector will remain pressured through 2020 by macroeconomic factors and the risks inherent to the industry, such…
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Worsening conditions for US and Canadian insurance buyers – Marsh webcast
US and Canadian insurance buyers are facing worsening conditions as a result of Covid-19 and long-term trends, according to speakers…
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FM Global to launch new Canada and specialty industries division
A new division focused on the forest products and chemical industries sectors is to be launched by FM Global. The…
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Beazley to bring digital health solution to more European countries
Beazley is expanding its Beazley Virtual Care solution for the digital health sector to more European countries, and has rolled…
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Canada’s property and casualty industry meeting the challenges: AM Best
Canada’s property and casualty (P&C) insurers continue to show that they have the ability to remain profitable and meet current…
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EC launches plan to reduce raw material supply chain risk
The European Commission has published a new plan designed to bolster supply of critical raw materials and reduce the dependence…
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Covid-19 increases corporate exposure to modern slavery, finds Maplecroft index
The economic fallout from Covid-19 will increase the risk of modern slavery seeping into supply chains, warned Verisk Maplecroft in…
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Covid-19 to weaken global economic resilience by 20% in 2020, says Swiss Re
Covid-19 is set to weaken global macroeconomic resilience by 20% in 2020 as stimulus packages deplete fiscal and monetary headroom,…
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Chubb makes exec changes at global and US level
Chubb has appointed Paul Krump as vice-chairman of global underwriting and claims, with John Lupica named president of North American…
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Everest Re sees opportunities for growth on back of strong price increases
Bermuda-based reinsurance and specialty insurance group Everest Re took a pandemic-related hit of $160m for the second quarter of this…
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Davies acquires Citadel Risk’s captive management business
Davies is to acquire the captive management and consulting businesses of insurance and reinsurance specialist Citadel Risk. Under the agreement,…
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Half-year insured nat cat losses below ten-year average at about $30bn but above longer-term norm
Natural disasters cost the insurance industry an estimated $30bn in the first half of 2020, 21% lower than the ten-year…
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Chubb appoints new division president of Westchester
Scott Meyer is to succeed Bruce Kessler as senior vice-president, Chubb Group and division president of Westchester, the company's wholesale…
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The global and local elements of cyber risk
For multinational programmes, the need for global coverage combined with local policies and servicing is a constant thread, and nowhere…
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Atradius reports ‘huge’ rise in late payments as pandemic recession bites
New research from international credit insurance group Atradius reports that late payments have “soared” in the US, Mexico and Canada…
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New mine tailings guidelines set bar for sector action
A set of 16 guidelines have been drawn up by international experts, scientists and NGOs to reduce the risks of…
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Markel International pulls out of personal accident and contingency insurance
Markel International is to stop writing personal accident and contingency insurance. The business was written as part of its personal…
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J&J loses talc appeal but court slashes damages
Damages awarded to women who claimed Johnson’s baby powder and other talc products caused ovarian cancer have been slashed in…