Risk Specialty
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Ferma lobbies EU council to prioritise cyber and sustainability risk transfer
Ferma has called on the Swedish presidency of the Council of the EU to focus on closing insurance protection gaps…
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Rates up 4% in Q4 as moderation trend continued: Marsh
Average global commercial insurance rates rose by 4% in Q4 2022 as prices increased for the 21st consecutive quarter but…
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Healthcare overtakes finance to register most cyber breaches in 2022: Kroll
Healthcare reported the most cyber breaches of all sectors in 2022, overtaking finance to account for 22% of incidents, up…
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Gallagher expects further rate increases as it reports revenue growth
Primary insurance rates will likely increase further in 2023 as the effect of higher year-end reinsurance costs filter through to…
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Beazley offers private equity D&O liability policy
A new private equity D&O liability insurance product has been launched by Beazley. According to the insurer, it focuses on…
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BMS appoints managing director of construction
Specialist insurance and reinsurance broker BMS has appointed Caroline Eyre as managing director of construction, effective April 2023. She joins BMS from…
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CONFERENCE: Construction Risk Management APAC
The construction sector in the Asia Pacific region is facing an increasingly uncertain operating environment. Components of this uncertainty are…
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Higher reinsurance costs likely to reaccelerate primary rate increases
The hardening reinsurance market at 1 January could well “reaccelerate” price increases for commercial property and specialty insurance buyers, market…
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New regs adding to supply chain woes
A surge of new regulations across the world in response to the supply chain crisis has placed greater accountability on…
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Insured losses of $132bn from naturals disasters in 2022
Insured losses from natural disasters amounted to $132bn in 2022, the fifth costliest year on record for insurers, according to Aon’s…
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Major industry claims trend report from Sedgwick
Sedgwick has released its Imagine 23 report of major industry trends and issues that are going to dominate the year…
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Lockton opens Swedish office
Lockton is opening a new office in Stockholm, Sweden as it looks to expand in the Nordic region. The broker…
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QBE restructures trade credit senior leadership in Europe
Seb Rice has been appointed commercial head, trade credit at QBE Europe. The move follows a restructuring of the insurer’s…
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Action groups step up greenwashing efforts as directive hits EU parliament
Members of the ENVI Committee in the European Parliament have rejected a crucial amendment on carbon offsetting in the draft…
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Chaucer and Kita launch first carbon offset failure insurance
Speciality insurer Chaucer has partnered with carbon credit insurance experts Kita to begin insuring companies against the risk of failed…
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Recent California flooding losses up to $1.5bn, says Moody’s RMS
Total US economic losses from the California flooding at the end of last year are estimated at $5bn-$7bn, with insured…
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New EMEA CEO at Swiss Re Corporate Solutions as Kleiterp leaves for Beazley
Swiss Re Corporate Solutions’ EMEA CEO Fred Kleiterp has left his role to become European general manager at Beazley, and…
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Revisit valuations and policy limits as inflation rises, says WTW
WTW has urged risk managers to revisit valuations and policy limits in order to mitigate against inflationary effects and ensure…
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Zurich launches new climate change adaptation and mitigation service
Zurich and climate solutions experts South Pole are teaming up to offer a new service that will help clients get…
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Swiss risk managers face up to new ESG reporting rules
Switzerland risk managers at firms regulated by the Swiss Financial Market Supervisory Authority (Finma) must get up to speed on…