Region
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March 28, 2024
Cyber liability and D&O rise on list of German managers’ concerns
German managers continue to perceive cyber as the most significant liability risk for the next 12 months. The dangers of…
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March 27, 2024
Zurich names Thornberry group chief claims officer
Zurich has named Tom Thornberry as its new group chief claims officer. Thornberry is currently global head of financial lines,…
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March 27, 2024
Baltimore bridge collapse losses could run into billions: Sources
The collapse of the Francis Scott Key Bridge in Baltimore after it was struck by a container ship could trigger…
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March 27, 2024
Baltimore port closure adds to global supply chain pressure
Global supply chains, already reeling from re-routing ships to avoid attack in the Red Sea, will be further challenged by…
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March 27, 2024
Europe’s reinsurers ‘strong enough’ to build additional reserves, says AM Best
Europe’s four largest reinsurers – Munich Re, Swiss Re, Hannover Re and Scor – more than doubled combined earnings in…
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March 27, 2024
Sedgwick names COO for UK
Claims management firm Sedgwick has appointed Peter Farrelly as chief operating officer in the UK. Farrelly joined Sedgwick in 2019…
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March 27, 2024
Market conditions remain ‘positive’ despite rising competition: Brit
Martin Thompson, group chief executive officer at London-based specialty carrier Brit, said that market conditions continue to harden overall and…
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March 27, 2024
Group captive for US transportation industry launched by Artex
Artex Risk Solutions has launched a new group captive designed to address risks for transportation, trucking for hire, convenience store…
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March 27, 2024
New insurance facility for custodians of digital assets
A new insurance facility for custodians of digital assets, including financial institutions has been launched by Marsh. The broker said…
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March 27, 2024
Hannover Re combines cyber and digital in new specialty unit
Hannover Re will combine its global cyber and digital business in a move that it said will further strengthen its…
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March 27, 2024
Coalition adds AI affirmative endorsement
Cyber managing general agent Coalition has added an artificial intelligence affirmative endorsement to clarify what is covered by its US…
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March 27, 2024
Five London insurers awarded underwriting service quality marque
London-based insurers Arch Insurance, Canopius, Convex, The Hartford and Tokio Marine Kiln have all been awarded the underwriting service quality…
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March 27, 2024
New head of catastrophe research at MS Amlin
Sam Phibbs has been appointed as head of catastrophe research at Lloyd’s (re)insurer MS Amlin. Phibbs will oversee the syndicate’s…
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March 26, 2024
EC adopts tougher criminal sanctions for environmental crime
The European Council has formally adopted a directive to protect the environment through criminal law. It said that the law…
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March 26, 2024
Policyholders to benefit from Pool Re’s new treaty structure
UK policyholders, insurers and tax payers are expected to benefit from the shift of state-backed terror insurance facility Pool Re…
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March 26, 2024
HDI Global posts strong growth despite rising competition
HDI Global has announced double-digit growth in insurance revenue and a further improved combined ratio as the Germany-based insurer continued…
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March 26, 2024
Companies must accelerate transition to strategic risk management in face of polycrisis, says Ferma
Ferma has told Commercial Risk that while the upward direction of travel is clear, there remains a way to go…
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March 26, 2024
UK imposes sanctions for China-backed cyberattack on electoral register
The UK government has imposed sanctions on two Chinese nationals and a company after accusing China state-backed actors of orchestrating…
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March 26, 2024
Softer UK PI market drives fewer law firm closures
Softer rates for professional indemnity insurance (PII) in the UK, driven by capacity from new entrants, has seen the number…
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March 26, 2024
Non-damage BI parametric weather product launched by Chaucer
Chaucer has launched a new parametric weather product to cover non-damage business interruption. The London-based specialty (re)insurer has partnered with…