BI
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Hurricane Andrew would today cost $56bn, says AIR Worldwide
A hurricane the same strength and path as Hurricane Andrew would cost insurers $56bn today against the $15.5bn of losses…
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Elborne Mitchell appoints new partner
London law firm Elborne Mitchell LLP has appointed David Murphy as partner, where he will add to the firm’s core…
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Dale Underwriting to launch contingency and specialty SPA
Dale Underwriting Partners, which is managed by Lloyd’s third-party managing agency Asta, has been granted in principle approval by the…
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Meteorologists forecast heavier winter rains for UK
New research using the Met Office’s supercomputer has revealed high risk of unprecedented rainfall, and consequently potential flooding, in England…
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Half of Asian businesses have no liability insurance: QBE
Asia’s corporate market is significantly underprotected against liability risks, according to a recent study by QBE Insurance that revealed roughly…
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Insurance industry must get on top of connected risks to better deliver for clients
The insurance market is facing an existential threat from changing and connected risks and must rapidly change its approach in…
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Supply chain a strategic risk
With business interruption cited as the number one risk by risk professionals the world over in the annual Allianz Risk…
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Insured risks escalating as supply chains grow in complexity
Increased incidence of natural disasters and accumulation of risk have pushed up global insured losses Supply chain is a…
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Risk managers and supply chain must work together
Better communication within organisations can mitigate the issues of supply chain risk, delegates at Commercial Risk Africa's recent supply chain…
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Swiss Re launches parametric typhoon policies for Hong Kong and China
Swiss Re Corporate Solutions (SRCS) has launched what it claims is the first ever typhoon warning insurance product for Hong…
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Construction safety a top concern for China to address: Parima conference
Basic safety measures are lacking on many Chinese construction sites despite the rising public anger over the Tianjin explosion of…
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Terror and cyber attacks boost demand for crisis cover
Insurance buyers are increasingly turning to crisis management solutions from insurers as they seek to manage fast-evolving security and cyber…
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Supply chain market evolving, but needs kick start
The supply chain insurance market has made significant strides in recent times and risk managers are being offered broader coverage…
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Chubb increases terrorism, political violence and war insurance capacity
Chubb has increased its insurance capacity for terrorism, political violence and war risks to $150m/€150m from $100m/€100m. Chubb said the…
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ABI tells BA fliers to claim from the airline, not insurers
The Association of British Insurers (ABI) is advising consumers to seek redress from British Airways (BA), amid concerns that BA…
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British Airways’ ‘textbook’ crisis offers risk management lessons
The massive IT systems failure at British Airlines (BA) over the weekend is yet another example of the airline industry’s…
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Digitalisation could lead to higher risk appetite for BI supply chain covers
Digitalisation could help companies better manage business interruption (BI) risk and thus lead to increased appetite for BI supply chain…
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TMK launches VFX and post-production media insurance
Tokio Marine Kiln (TMK) has launched a hybrid product, VFX and Post-Production Media Insurance, for companies specialising in online or…
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RMS questions Sendai Framework that aims to reduce nat cat risk
Nat cat expert Dr Robert Muir-Wood, chief research officer at RMS, has questioned the metrics behind the Sendai Framework that…
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Fenchurch Law appoints new associate
UK firm Fenchurch Law, which specialises in complex insurance disputes and works solely for insureds, has appointed Alex Rosenfield as…