Liability
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World Cup cover runs to billions of dollars
There will be more than $2bn of event cancellation insurance in place to cover risks at the 2018 Fifa World…
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XL Catlin appoints new president of global excess casualty
XL Catlin has appointed Donnacha Smyth as president of global excess casualty insurance, in a move that sees him return…
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Rising employment claims set to drive EPLI demand
With the spotlight shining on corporate behaviour and gender pay, employment claims are rising, creating growing interest in employers’ practices…
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Brit Global Specialty USA expands professional liability team
Brit Global Specialty USA has added more senior executives to its professional liability team. Tom Rea has joined the team…
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Reinsurers bemoan lack of rate change in Asian insurance market
Despite the fact that 2017 was a severe year of natural catastrophes, the Asian insurance market has seen little impact…
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Action stations: why the EC’s collective redress proposals concern risk managers and insurers
Concerns over a lack of safeguards in the EC’s proposed pan-EU collective redress mechanism focus on the fact that the…
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Rousseau takes charge at restructured SCOR Business Solutions, promising to increase ‘client-centricity’
SCOR has reorganised its growing SCOR Business Solutions (SBS) unit in a move it says will make the firm more…
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Global rates rise for second quarter but European market remains soft
Global commercial insurance rates have risen for the second consecutive quarter, up 0.9% on average, driven by increases in property…
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Business interruption tops concerns for South African food and beverage sector
Business interruption is the top concern for the food and beverage industry, with 53% of 68 respondents citing the risk.…
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AGCS delivers underwriting profits as it expands in to specialty and North America
Allianz Global Corporate & Specialty (AGCS) posted a dramatically improved underwriting result, a decent increase in gross premiums and improved operating…
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HDI Global Specialty formed to focus on high growth and margin business
Talanx has decided to merge the primary specialty operations of its Hannover Re and HDI Global operations to create HDI…
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EC’s collective redress proposals open door for US-style litigation, warns source
An insurance industry insider has added to the list of those concerned about the EC’s proposed collective redress system, claiming…
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Whistleblowing trend drives D&O concerns
With whistleblowing set to increase throughout Europe following plans recently announced by the EC, companies are advised to keep a…
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Japan set to back Asean parametric disaster insurance fund
The Japanese government is set to fund the launch of a parametric disaster insurance pool designed to provide Asean nations…
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RMS launches new HD model for Japanese earthquakes
Risk modelling firm RMS has released its new Japan Earthquake and Tsunami High Definition (HD) model. According to RMS, the…
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New catastrophe models set to expand liability cover
Developments in catastrophe risk modelling should help insurers create new liability insurance products, according to a modelling expert who believes…
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Oil industry climate change litigation could spill to manufacturers of all petrol products
If the US plaintiff bar can make mounting allegations that the oil industry should pay damages to combat the effects…
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Clyde & Co boosts insurance partner numbers
Law firm Clyde & Co has announced 12 new partners including six within its insurance department, taking the total number…
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Emerging risk landscape hots up as law firms seek opportunities
Litigation funders are travelling the world looking for fertile ground to bring claims and finding success in an increasing number…
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EC’s collective redress proposals ‘extremely harsh’ on business and risk managers: source
The EC’s proposed pan-European collective redress system put forward last week is much tougher on business than observers feared and…