Risk Specialty
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Ryan Specialty launches MGU targeting AI, crypto data centres
A Ryan Specialty unit has launched a managing general underwriter focused on insuring computing hardware for AI, high-performance computing and…
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Markel further strengthens marine capabilities in Greater China
Markel Insurance has appointed Vincent Wang as risk engineer – marine for Markel Underwriting Division at Lloyd’s China. Based in…
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Euro wildfire damage up to €19.1bn with risky conditions forecast into autumn
This summer’s European wildfires have already caused an estimated €15.6bn to €19.1bn in damage and economic loss, according to AccuWeather…
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Market softens in Q2 but Middle East conflict causing ‘disruption’: Aon
Insurance buyers continued to enjoy soft market conditions across most major lines of business during the second quarter but geopolitical…
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Commercial and specialty business helps Zurich deliver record H1 profit
Zurich Insurance delivered record operating profit in the first half of this year, with its commercial insurance business providing significant…
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HDI says ‘active risk management’ key for Asian data centre risks
The risk landscape for data centres in Asia Pacific is changing rapidly as natural hazard and climate risks intensify. Standard…
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Dalton set to be next IUMI president
Sean M. Dalton has been nominated as the next president of the International Union of Marine Insurance (IUMI). He is…
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A quarter of UK firms suffer AI-driven attacks as frequency doubles
The number of UK businesses facing AI-driven cyberattacks has more than doubled in the last 12 months, up to 25%…
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European supervisors want risk-based mitigation for AI frontier models
The European Supervisory Authorities (ESAs) – which include EBA, Esma and Eiopa – have published a statement calling for a…
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Marsh hires former Aon exec to lead semiconductor practice
Marsh has hired former Aon executive Jessica Fields to lead Marsh Risk’s newly created US Semiconductor and AI Compute Practice.…
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TT Club warns dehydration can impact workers as much as alcohol
Transport and logistics insurer TT Club has advised ports, terminals and warehouse operators to adopt the same level of risk…
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US D&O pricing rises for first time in four years: Aon
Pricing for US D&O primary policies at public companies nudged up in the second quarter for the first time in…
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Insured Europe wildfire losses limited but could be ‘significant’ if urban areas impacted
Insured losses from European wildfires still raging in Spain and France have been relatively limited so far because the damage…
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Ryan Specialty revenues hold up despite falling property rates
Ryan Specialty reported a modest slowdown in organic revenue growth for the second quarter amid declining property rates, and lower…
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Japan quake insured losses up to $2.1bn, says Verisk
The Japanese earthquake that struck near Kumamoto City last week will cause between $1.4bn and $2.1bn in insured losses, according…
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AI-fuelled social engineering losses rise: Resilience
Social engineering losses continue to climb as cybercriminals employ artificial intelligence to supercharge attacks. Cyber losses tied to phishing, social…
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Supply chain cover most sought-after following geopolitical tensions
A survey by GlobalData has found that businesses view supply chain insurance as the most sought-after cover in the light…
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Munich Re puts H1 insured nat cat losses at below-average $44bn
Insured losses from natural disasters of $44bn (€39bn) in the first half of this year were significantly lower than the…
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Gallagher says property pricing ‘reset’ offset by new business
Arthur J. Gallagher reported second-quarter revenue growth of nearly 25% as strong new business, client retention and the integration of…
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Everest profit slips as Iran-related catastrophe losses rise
Everest Group reported a lower second-quarter profit, as catastrophe losses related to the Iran conflict and lower premium volume weighed…