Executive & D&O
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World Bank pandemic bonds will be triggered if virus cases escalate in developing world
The World Bank’s pandemic bonds, which could provide $132.5m of funds to countries within the International Development Association (IDA) and…
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AXA XL’s Harris to replace Pryce as CEO of QBE international
AXA XL’s Jason Harris will replace QBE’s CEO of international business Richard Pryce, who is retiring at the end of…
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BI coverage biggest concern for Marsh clients as Covid-19 exposures mount
Cover for Covid-19 business interruption (BI) losses is the biggest concern for Marsh clients currently, as many come to realise…
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DAC gives advice for D&Os under mounting coronavirus risks
The Covid-19 pandemic has exposed company directors to heightened legal and directors and officers (D&O) risk, from liabilities for wrongful…
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New GB head of Finex D&O for Willis Towers Watson
Willis Towers Watson’s (WTW) GB financial lines and executives risk team (Finex) has appointed Eve Richards as its new GB…
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Risk managers need to prepare for attacks on D&O policies as virus bites
Directors and officers of companies that suffer losses or even bankruptcy as a result of coronavirus are likely to face…
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Willis Towers Watson appoints global head of FINEX financial institutions
Susan Finbow has been appointed as global head of financial, executive and professional risks (FINEX) financial institutions at Willis Towers…
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D&O claims could be triggered by Covid-19 warns HFW
Directors and officers of companies, especially those in financial services, should ensure that they have robust disaster recovery plans and…
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EC3 Brokers enters international financial and professional lines
Lloyd’s broker EC3 Brokers has expanded into international financial and professional lines with the appointment of David Purdy as divisional…
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GVNW cancels Cologne event as Merkel warns up to 70% of Germans will be infected
The German risk and insurance management association GVNW has cancelled its popular Focus on Cyber and Financial Lines conference planned…
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Covid-19 insurance claims uncertain as insurers turn to policy language and exclusions, warns Marsh
Insurers have learnt from previous virus outbreaks and in many cases policy language and exclusions could be used to deny…
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Buyers negotiate walk-away rights in coronavirus-hit M&A deals
Mergers and acquisitions (M&A) could take longer to complete should coronavirus cause a prolonged period of disruption, according to James…
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Ed boosts professional risk team
Broker Ed has appointed Chloe Cox and Alex Atkinson as divisional directors of its professional and executive risk team in…
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Buyer associations urge market to change behaviour as ‘long-term’ hardening sets in
GVNW and Airmic have warned that the hardening insurance market will be a long-term, seismic shift, after recent membership surveys…
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Hard European market set to last for at least two years, warns Aon
Aon said it is now clear that risk managers are heading towards a hard commercial insurance market in Europe following…
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AGCS posts €284m 2019 loss after €591m Q4 reserve addition
Allianz Global Corporate & Specialty (AGCS) posted a loss of €284m in 2019 and a combined ratio of 112.3%, as…
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Asian commercial insurance prices rise by highest level in five years: Marsh
Commercial insurance pricing in Asia showed the highest increase in five years in the fourth quarter of 2019, according to…
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Market hardening intensifies across Europe and all global regions, finds Marsh
The commercial insurance market hardening accelerated across all regions in the final quarter of last year with average price increases…
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French risk managers warned to prepare for further hardening and start renewals early
French risk managers need to prepare their coming renewals well in advance and be ready to share more information with…
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Greenberg says simple maths means market hardening will continue as Chubb delivers strong results
Chubb’s Evan Greenberg believes that simple maths means the insurance market will continue to harden for some time, as the…