Risk Specialty
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March 28, 2024
Higher claims for trade credit insurers expected but strong financial buffers
The global economic slowdown will translate into a higher number of insolvencies and therefore higher claims for trade credit insurers,…
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March 28, 2024
New global chief underwriting officer for marine at AXA XL
Neil Cole has been promoted to global chief underwriting officer, marine, at AXA XL, effective 1 April. He was previously…
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March 28, 2024
Climate disclosures will help identify risk but increase scrutiny, says Moody’s
Increased global transparency and standardisation will improve the ability to analyse climate risks and opportunities, but some entities will face…
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March 28, 2024
Bridge collapses from vessel collisions ‘rare’, says Allianz Commercial
The dramatic collapse of the Francis Scott Key Bridge as a large container ship struck a support column leaving the…
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March 28, 2024
Insured losses from bridge collapse could reach $4bn and harden marine market: Morningstar
Insured losses from the collapsed Francis Scott Key Bridge that was struck by a container ship and disruption to the…
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March 28, 2024
Cyber liability and D&O rise on list of German managers’ concerns
German managers continue to perceive cyber as the most significant liability risk for the next 12 months. The dangers of…
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March 27, 2024
Baltimore bridge collapse losses could run into billions: Sources
The collapse of the Francis Scott Key Bridge in Baltimore after it was struck by a container ship could trigger…
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March 27, 2024
Baltimore port closure adds to global supply chain pressure
Global supply chains, already reeling from re-routing ships to avoid attack in the Red Sea, will be further challenged by…
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March 27, 2024
WTW says risk management needs more focus on volcanic eruptions
WTW and the University of Geneva are working to quantify systemic global risks from very large volcanic eruptions, to help…
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March 27, 2024
Complex global risk landscape sees end of ‘holiday from history’
A new report from Howden suggests that the world’s ‘holiday from history’ has ended due to devastating wars, geopolitical instability…
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March 27, 2024
New insurance facility for custodians of digital assets
A new insurance facility for custodians of digital assets, including financial institutions has been launched by Marsh. The broker said…
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March 27, 2024
Hannover Re combines cyber and digital in new specialty unit
Hannover Re will combine its global cyber and digital business in a move that it said will further strengthen its…
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March 27, 2024
Coalition adds AI affirmative endorsement
Cyber managing general agent Coalition has added an artificial intelligence affirmative endorsement to clarify what is covered by its US…
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March 26, 2024
Policyholders to benefit from Pool Re’s new treaty structure
UK policyholders, insurers and tax payers are expected to benefit from the shift of state-backed terror insurance facility Pool Re…
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March 26, 2024
UK imposes sanctions for China-backed cyberattack on electoral register
The UK government has imposed sanctions on two Chinese nationals and a company after accusing China state-backed actors of orchestrating…
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March 26, 2024
Softer UK PI market drives fewer law firm closures
Softer rates for professional indemnity insurance (PII) in the UK, driven by capacity from new entrants, has seen the number…
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March 26, 2024
Securing access to critical metals – AIG Global Trade Series
Listen to this expert discussion on supply, demand and contrasting approaches to security in critical metals, from both European and…
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March 26, 2024
Non-damage BI parametric weather product launched by Chaucer
Chaucer has launched a new parametric weather product to cover non-damage business interruption. The London-based specialty (re)insurer has partnered with…
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March 26, 2024
Centre for Disaster Protection named coordinator for Global Shield
The UK-based Centre for Disaster Protection has been selected as the coordinator for the technical advisory group (TAG) of the…
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March 26, 2024
Miller makes four appointments from WTW to onshore energy team
Adam Barber-Murray has been appointed to lead Miller’s onshore energy practice. In his new role as Miller’s head of onshore,…