Construction
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UK construction firms face ‘startling’ number of risks as market hardens: Gallagher
Risks are stacking up for UK construction firms at a “startling rate” as they face changes in ESG legislation, the…
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Aston Lark continues broker acquisition spree
UK broker Aston Lark has announced two more acquisitions as it continues to buy up regional brokers in the UK…
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Marsh names Andy Desmond as UK and Ireland construction industry leader
Marsh has appointed former insurance manager Andy Desmond as UK and Ireland construction industry leader, after he joined the broker…
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Liberty targets growth in German PI business
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Christoph Paeßens as professional indemnity (PI) underwriting manager for…
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Chubb appoints head of North America specialty accident and health
Suresh Krishnan has been appointed as executive vice-president, head of North America specialty accident and health at Chubb.
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Generali partners with satellite-imaging specialist for large construction project risks
Generali Global Corporate & Commercial (Generali GC&C) and NHAZCA, a specialist in satellite and geohazard risk assessment, have announced a…
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Lack of legacy and commitment to claims key for BHSI growth in Germany: Krause
Berkshire Hathaway Specialty Insurance (BHSI) launched into Germany in 2016 and is well on track to establishing itself as a…
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Zurich launches new global commercial risk prevention unit
Zurich Insurance has launched a new global business unit called Zurich Resilience Solutions to help companies manage risk more effectively…
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From cradle to grave
BELFOR, a leading restoration and recovery company, recently announced the appointment of David Cooper as head of environmental services at…
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MGA Ensurance replaces Swiss Re’s construction capacity with AXA UK
Specialty MGA Ensurance has launched a new capacity deal with AXA Insurance UK for its core construction and engineering products.…
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New global deputy head of construction for Howden
International insurance broker Howden has appointed Andrew Harrison-Sleap as executive director and global deputy head of construction. He will report…
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European firms name cyber as top risk for 2021 in AGCS poll
Cyber incidents have retained their position as the number one risk facing businesses in Europe during 2021, with business interruption…
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Aon launches fuel price insurance for shipping, aviation and other firms
Aon has launched a new fuel insurance product for shipping and aviation clients to protect buyers against rising fuel prices.…
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Mactavish warns further hardening will leave some firms without cover
Mactavish expects commercial insurance rates to harden further in 2021 and could leave some buyers unable to pay for cover.…
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AXA XL makes appointments to new regional units
AXA XL Insurance has announced new appointments for its business divisions following the recent launch of its regional operating model,…
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AMRAE reports extremely tough market for French buyers and warns of ‘bitter’ renewals
A new AMRAE report finds that the French insurance market is now hard pretty much across the board and warns of…
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‘Supercharged’ construction PI rate rises risk forcing some firms out of business, warns Mactavish
Rising construction professional indemnity (PI) premiums in the UK could become financially unviable for some companies and force them out…
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Average rates up between 11% and 30% in Q2 as gap between supply and demand grows: Aon
Rates continue to harden across the global insurance market with average rises between 11% and 30% in the second quarter,…
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Demand for premium financing grows among larger firms in hard market
Commercial insurance buyers are increasingly turning to premium financing as they look to maintain insurance cover in a hardening market…
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‘Turbocharged’ insurance market posing problems for construction firms, warns Mactavish
Covid-19 has “turbocharged” already rising construction insurance premiums and eroded the quality of cover, according to Mactavish. It also warned…