Risk Specialty
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Evolving modern slavery risk poses mounting supply chain challenges
Modern slavery and human trafficking is on the rise and evolving, creating new and challenging supply chain risks, according to…
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Continued rate hikes forecast for energy buyers: Amwins
US energy insurance buyers can expect continued rate increases and underwriting scrutiny as higher losses continue to hit the market…
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Sompo International names European head of cyber
Sompo International has appointed Jérôme Gossé as head of cyber insurance for continental Europe. Gossé joins Sompo International from Chubb…
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Australian insurers warn of heighted bushfire risk
The Insurance Council of Australia (ICA) has warned about the heightened risk of wildfire during the current El Niño conditions,…
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Allianz Commercial tracks rise in emerging risks from offshore wind
Developers and insurers of offshore wind projects face an increasing number of emerging risks as the sector braces for a…
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Brown & Brown unit agrees to buy London-based MGA
Brown & Brown Europe, part of US broker Brown & Brown, has agreed to acquire Occam Underwriting, a London-based managing…
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Jump in ransomware attacks could see cyber rates rise
Companies are experiencing a worrisome recent increase in ransomware that could begin to increase the costs of insurance cover, experts…
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Towergate warns reactive employee wellbeing support ‘falls short’
A lot of health and wellbeing support offered by companies is still too reactive, according to research from UK-based Towergate…
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Eiopa launches SME cyber survey
The European Insurance and Occupational Pensions Authority (Eiopa) has launched a survey on SMEs’ access to cyber insurance. The authority…
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Trium Cyber opens London office for non-US clients
Trium Cyber has opened a London office to write coverage for clients based outside of the US. Industry veteran Amie…
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Travelers to provide capacity for cyber underwriter Corvus in US
Cyber underwriter Corvus Insurance has expanded its relationship with Travelers in the US. Corvus said that, beginning 1 October 2023,…
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US D&O rates decreases expected to moderate into 2024: Woodruff Sawyer
Public US companies will continue to see favourable D&O insurance pricing in the second half of 2023 and into 2024,…
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AGCS names global head of construction
Darren Smart has been appointed as global head of construction for Allianz Commercial. Smart will join the firm from Liberty…
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Marine hull faces challenges over inflation, alternative fuels and ‘dark fleet’
Despite growth in premiums, inflation is likely to have a significant effect on marine hull insurance going forward, according to…
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IUMI calls on underwriters to cover new risks for shipping net-zero target
The International Union of Marine Insurance (IUMI) said its members will need to support shipowners with cover for new risks…
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Property reinsurance shock may be over but rates unlikely to fall
Rates may increase for many property reinsurance buyers at year-end renewals, but early indicators are that the sharp price hikes…
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E&S market addresses natural catastrophe challenges
The excess and surplus (E&S) lines industry is being challenged by the turmoil created by this year’s natural catastrophes. But…
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Reversal in fortune for global marine insurance market as premium grows
The global marine insurance market has seen a reversal in fortunes according to the International Union of Marine Insurance (IUMI),…
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Marsh fears wrangling over cyber war clauses could set precedent for further market dislocation
Marsh wants the insurance market to stop its public wrangling over cyber war clauses and fears that the revamped wordings…
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Cyber, human capital and macroeconomics top risk list for European auditors
Cyber, human capital and macroeconomic uncertainty are the three biggest risks contributing to a polycrisis for businesses in Europe, according…