Risk Specialty
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February 8, 2024
Marsh appoints McGill and Partners’ Fort to international cyber role
Marsh has appointed Shannan Fort from McGill and Partners as international cyber product leader within Marsh Specialty. She will be…
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February 8, 2024
AI: Finding the balance between risk and reward
Generative Artificial Intelligence (AI) will create big opportunities for companies but also raises the prospect of aggravating some of the…
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February 8, 2024
Chaucer says record election year driving demand for political risk cover
A record number of elections taking place around the world in 2024 is “sharply” increasing demand from businesses for political…
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February 8, 2024
IUMI says marine insurers committed to supporting Ukraine and Red Sea trade
The International Union of Marine Insurance (IUMI) has stated that the global marine insurance market is continuing to support trade…
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February 8, 2024
Talanx expects record profit of €1.6bn in 2023
Germany’s Talanx expects to report record profit of €1.58bn for 2023, exceeding its original forecast of €1.4bn after earnings grew…
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February 8, 2024
After the storm
One year ago, at the annual conference of the French risk and insurance management association AMRAE, the feeling among risk…
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February 8, 2024
Wild demands clarity on ESG underwriting policies
The head of France’s risk management association has urged insurers to be more coherent with their underwriting policies because they…
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February 7, 2024
Airline insurance market could harden in 2024, warns WTW
The airline insurance market renewal at the end of 2023 was relatively benign, says WTW, but rising claims, reinsurance, retrocession…
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February 7, 2024
Corvus launches expanded tech E+O product
US cyber underwriter Corvus Insurance has launched a newly expanded tech E+O product, backed by Travelers. Corvus said the new…
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February 7, 2024
London market may be moving into softer territory, says Miller
As capacity chases income, the London market may be at the top of the “slippery slope into softer market territory”,…
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February 7, 2024
Competition set to further ease French market in 2024
The rapid blanket hardening in the French insurance market appears over for now, with brokers, buyers and even insurers expecting…
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February 7, 2024
Europe targets 90% emission cut by 2040
Europe has set a legislative path for a 90% cut in greenhouse gas emissions by 2040 before it can reach…
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February 7, 2024
Munich Re forms new parametric unit set to expand beyond nat cats
Munich Re has formed a global parametric team that is initially focused on natural catastrophe risk transfer solutions, in a…
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February 7, 2024
Cyber, climate change and economy top risk list for French carriers
Over a five-year horizon, cyberattacks, climate change and the economic environment are the main threats to French insurers and reinsurers,…
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February 7, 2024
No sign of softening in French cat market as losses mount
The state-backed Caisse Centrale de Réassurance Group (CCR) has updated its estimate for the cost of flooding in Haut-de-France at…
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February 7, 2024
Fourth quarter 2023 rates rose in US but flat in Asia, says Marsh
Insurance rates in the fourth quarter of 2023 in the US increased by 3%, while rates in Asia were flat,…
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February 7, 2024
Tokio Marine HCC International adds Lavaretus Underwriting team
Tokio Marine HCC International (TMHCCI) has reached agreement with Marsh Specialty UK to ‘onboard’ certain employees of Lavaretus Underwriting, a…
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February 7, 2024
New business development regional directors at MAXIS Global Benefits Network
MAXIS Global Benefits Network (MAXIS GBN), has appointed two new regional directors in its business development team, covering EMEA and…
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February 7, 2024
Public US D&O renewal rates fall heavily again in Q4
D&O insurance rates for publicly traded US companies fell by double digits in the fourth quarter of 2023, according to…
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February 7, 2024
Insured losses from Turkey earthquakes rise 26% to $6.2bn: Perils
Insured losses from the earthquakes in Turkey have risen to $6.2bn (TRY117bn, based on February 2023 exchange rates), according to…