Risk Specialty
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May 8, 2024
Analysis shows ‘social inflation’ hitting policyholders and insurers: Rims Riskworld
Increased court awards and settlements are hitting insurers’ loss costs and may force risk managers to buy higher limits, according…
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May 8, 2024
Chubb’s Greenberg calls for prolonged tort reform campaign: Rims Riskworld
Insurers and policyholders must adapt to sustained higher levels of economic inflation and “social inflation”, Evan Greenberg, chairman and CEO…
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May 8, 2024
Windstorm Ciarán losses jump 5.5% to €2.04bn: Perils
Property losses from European storm Ciarán/Emir, which affected France, Belgium, the UK and the Netherlands in November 2023, have increased…
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May 8, 2024
Thai Covid policyholders offered deal by regulator
The General Insurance Fund (GIF) of Thailand is reportedly presenting policyholders who have Covid-19-related loss claims with a choice of…
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May 8, 2024
Macau urged to upgrade flood defences
Heavy rains caused flooding in parts of Macau over the weekend and some residents are calling on officials to evaluate…
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May 7, 2024
Hong Kong IA welcomes World Bank Jamaica ILS deal
The Hong Kong Insurance Authority (IA) has welcomed the World Bank’s second issuance and listing of catastrophe bond in Hong…
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May 7, 2024
MGA Casper Specialty UK adds Chaucer and TMK as capacity providers
Specialist casualty-focused MGA Casper Specialty UK has announced two new capacity providers as it enters its second year of trading.…
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May 7, 2024
Global market flattens out in Q1 as property sees first decreases: Aon
Pricing in the global insurance market finally flattened out in Q1 after a prolonged hardening period, with property buyers beginning…
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May 7, 2024
Underground climate change puts building owners at risk: Rims Riskworld
Underground climate change is an emerging risk and building owners should review their commercial property policies to determine whether coverage…
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May 7, 2024
Companies must fight fire with fire to combat nuclear verdicts: Rims Riskworld
The best way for companies to defend against the threat of a nuclear verdict is to break away from the…
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May 7, 2024
Federal US PFAS changes open floodgates to liability and exclusions: Rims Riskworld
Higher liability risk and insurance exclusions are likely to follow recent moves in the US to crack down on so-called…
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May 7, 2024
European cities urged to adopt stronger climate adaptation as risks grow
Europe’s cities are key to increasing the region’s resilience to the impact of climate change, according to research by the…
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May 7, 2024
Property rates stabilising but casualty rising says Ryan Specialty as Q1 revenue jumps 20%
Ryan Specialty reported $552m in revenue for the first quarter, a 20.6% increase over the same period last year, as…
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May 3, 2024
Supply chain cyber risk concentrated in 15 top vendors with ‘below average’ cybersecurity
Experts have warned of an “extreme concentration” of supply chain cyber risk, with just 15 technology firms providing 62% of…
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May 3, 2024
Swiss broker Kessler names head of special risks
Swiss broker and risk advisor Kessler, Marsh’s partner in the country, has appointed Sébastien Wyss as head of special risks,…
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May 3, 2024
US insurers expected to increase casualty pricing as social inflation rises
Rising social inflation in the US is expected to see insurers raise prices, particularly in commercial auto and general liability…
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May 3, 2024
Consultancy S-RM expands cybersecurity practice to APAC
Global corporate intelligence and cybersecurity consultancy S-RM has expanded its cyber security practice to APAC. With offices in Hong Kong,…
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May 3, 2024
Hiscox London market rates up 3% in Q1
Hiscox’s London market operations recorded a near 5% fall in written premiums to $317m during the first quarter despite stronger-than-expected…
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May 3, 2024
Climate shifts – is your business continuity plan ready?
Many risk managers feel they have been in firefighting mode for the last two years, struggling to stay ahead of…
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May 2, 2024
Eeckman wins Swerma risk manager award
Laurence Eeckman, vice-president group risk management and insurances for Swedish industrial manufacturer Atlas Copco was the recipient of the Gustaf…