Liability
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Corporate round-up
Allied World Europe appoints new head of European casualty, Chubb develops technology and cyber offering in UK and Ireland, XL…
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Planning reduces kidnap cost
The total number of kidnaps for ransom during 2016 in the Gulf of Guinea has already surpassed the total number…
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Corporate round-up
Paul O'Neil set for chief underwriting officer role for specialty at AGCS, XL Catlin to launch global M&A business, CICA…
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Corporate round-up
Chubb launches combined property and liability solution for mid-market UK and Irish firms, Guy Carp names Tobias Andersson as Nordic…
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UK government to act on fraudulent claims
The UK government has announced that it will implement insurance industry recommendations to curb fraudulent insurance claims. This is the…
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Liability market reacts to Mossack Fonseca data breach
A rash of claims and high profile data breaches have highlighted the issue of cyber risk for professional service companies,…
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Corporate round-up
Marsh names Nick Durant as global captive leader, Chubb launches suite of transactional risk liability products, XL Catlin hires Liberty's…
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AIG sells PICC P&C stake for $1.25bn as part of recovery plan
AIG virtually exits Hong Kong investment as further poor results ramp up pressure on board to accelerate recovery plan.
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Japanese insurers will comfortably absorb $3.5bn earthquake losses say analysts
Japanese non-life insurers will suffer losses up to JPY320bn ($2.9bn) from the recent earthquakes that hit Kyushu island last month…
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Japanese insurers will comfortably absorb earthquake losses say analysts
[Tokyo]—Japanese non-life insurers will suffer losses up to JPY320bn ($2.9bn) from the earthquakes that hit Kyushu island last month but…
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Unmitigated natural disasters
A high rate of natural and man-made catastrophes has not been matched by a take-up of insurance, creating concern about…
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Liability insurers not meeting customer needs says leading German buyer
Liability insurers are not prepared to meet the future needs of customers, must offer more consultancy services and end the…
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Vale and BHP Billiton could face billion-dollar fines in Brazil from dam bursts
Mining giants BHP Billiton and Vale face billions of dollars of legal fines in Brazil due to two industrial waste…
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Tianjin will raise awareness for risk management: Baron
It is a sad but irrefutable fact that one of the best ways of raising awareness of the value and…
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Food safety & petrochemical risk in focus as claims & exposures rise
The Tianjin explosion and subsequent mayhem has focused Chinese and worldwide attention on the risks of doing business in this…
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Sentencing guidelines bring higher penalties for large companies and their directors
New UK sentencing guidelines are likely to result in larger fines for companies and directors, as well as longer prison…
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UK’s Rehabilitation Code updated
The International Underwriting Association (IUA) and the Association of British Insurers (ABI) has published a new and updated version of…
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Recall insurance set to play role in supply chain risk
Insurers are looking at ways to enhance product recall insurance as part of the solution to increasingly complex and concentrated…
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Corporate round-up
Allied World Global Markets expands casualty team, Van Ede joins Aon Risk Solutions as head of business development, global trade…
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Corporate round-up
AIG appoints Stuart Sutherland as UK head of casualty, Aon Benfield unveils new model to boost transfer of Canadian flood…
