Risk Specialty
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Easier D&O renewals forecast if risk presented properly
Risk managers will hopefully have a less taxing experience during coming D&O renewals as capacity is returning to what was…
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Lloyd’s launches climate action plan as protest made over its approach to fossil fuels
Lloyd’s has launched a climate action plan to accelerate the transition to a net-zero carbon economy, the day after a…
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Liberty Global Transaction creates new EMEA structure to drive expansion plans
Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, has created a new EMEA structure under the leadership of…
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CFC names Graeme Newman CEO
CFC, the fast-growing cyber risk insurer, has named chief innovation officer Graeme Newman as its new CEO. Founder CEO Dave…
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UK financial services D&Os handed almost £200m in fines since 2020
Financial services director and officers (D&O) in the UK have been hit with more than £196m in large regulatory fines…
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Thomas Miller Specialty forms UK construction business
London-based MGA Thomas Miller Specialty has announced a new construction business, Thomas Miller Specialty Construction (TMSC). Established following the cessation…
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AIR says insured German flood losses could reach €5bn
AIR Worldwide estimates that insured losses in Germany from this month’s flooding could approach €5bn. The cost of the floods…
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Specialty market firming boosts Scor’s profits despite nat cat and Covid losses
Premium growth of 14% in the large commercial risk space on the back of a 15% rate change helped Scor…
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Strong insurance pricing drives record profit at AXIS
There are few signs of an end to the hardening insurance market, based on record second-quarter operating results published by…
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Piiq in formation with Canada’s NFP
Piiq Risk Partners (Piiq), an aerospace and aviation industries risk solutions provider, has announced a strategic partnership with broker NFP…
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GDV ups flood loss estimate as chemical explosion hits Leverkusen
The German association of insurance companies (GDV) has upped its estimate of losses from the recent storms and flooding across…
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Global risks unit supports big turnaround at Mapfre
Mapfre Global Risks (MGR), the Spanish insurer’s large corporate insurance arm, has posted improved results for the first half of…
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UK subsidiaries and foreign banks urged to close cyber regulatory gap
Subsidiaries of UK banks and branches of non-UK headquartered banks must boost cyber risk management to close the gap between…
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Anra seminar focuses on lessons learned from Covid-19 crisis
From a health emergency, the pandemic quickly turned into a systemic crisis, challenging the institutions of all countries, with Italy…
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Q2 rates up 28% in UK and 13% in Europe but hardening slows, finds Marsh
Commercial insurance prices increased 28% in the UK during the second quarter, the biggest rise of all regions globally, and…
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Berkshire names new UK casualty head
Berkshire Hathaway Specialty Insurance (BHSI) has named Caroline Alder-Smurthwaite as head of general casualty, UK. Ms Alder-Smurthwaite joins BHSI from…
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Italy drives Europe’s shift to green energy but supply chain risk remains
The future of green energy can count on the support of the Italian manufacturing sector, because its development of renewable…
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Aon and WTW terminate $30bn deal over DoJ ‘impasse’
Aon and Willis Towers Watson (WTW) have cancelled their $30bn merger over an “impasse” with the US Department of Justice…
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Unresolved issues spark second wave of UK Covid-19 BI litigation
A second wave of Covid-19-related business interruption (BI) insurance litigation is underway in the UK, driven by unresolved coverage issues…
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Chubb CEO calls for US public-private pandemic risk partnership
Evan G Greenberg, chairman and CEO of Chubb, has renewed calls on Capitol Hill for a US public-private partnership for…