Risk Specialty
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November 6, 2023
Verlingue rebrands London market unit for growth
Lloyd’s and London market broker NBJ London Markets has been rebranded as Verlingue London Markets as it also takes on…
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November 6, 2023
Fifty countries agree not to pay ransoms in cyberattacks
Fifty countries have agreed not to use government funds to pay ransoms to cyber criminals in a joint statement from…
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November 3, 2023
Moody’s RMS highlights climate change threat to Caribbean islands
The Caribbean islands face a significant and growing threat from the impacts of climate change and there is a need for…
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November 3, 2023
Hurricane Otis losses to further harden reinsurance market, says Best
Insured losses from Hurricane Otis in Mexico, which could range between $1.8bn to as much as $6.5bn, are likely to…
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November 2, 2023
Double-digit property rate rises in US continue but cyber pricing falls
Property pricing in the US continues to see double-digit increases, but has moderated in the third quarter of 2023, according…
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November 2, 2023
Cyber market softening sparks concern among brokers over risk controls
Brokers are warning that cyber insurance softening is threatening to undermine recent improvements in cyber risk management, which could leave…
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November 1, 2023
Aviation war rates to rise significantly as tensions mount in Gaza
Commercial airlines can expect ongoing rate hikes of 40% and higher for aviation war coverage at upcoming renewals as the…
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November 1, 2023
GVNW rebuts GDV warnings over D&O outlook
A storm is brewing in the German D&O insurance market as the risk and insurance management association (GVNW) responded rapidly…
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November 1, 2023
UK and EBRD agree war risk insurance scheme to support Ukraine rebuild
The UK has signed a Statement of Intent on a European Bank of Reconstruction and Development (EBRD) war risk insurance…
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November 1, 2023
AXA XL rolls out water risk exposure tool in Europe
AXA XL Risk Consulting has launched a water risk tool for risk managers to understand their exposure to flooding, water…
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November 1, 2023
Cyber rates stabilise in Europe, but casualty pricing up in third quarter
Cyber insurance pricing in Europe continues to stabilise in the third quarter but casualty pricing is steadily increasing, according to…
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November 1, 2023
Helvetia opts for UK branch as Brexit arrangement nears end
Swiss insurer Helvetia Global Solutions will underwrite specialty lines business from its UK branch after receiving regulatory approval ahead of…
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November 1, 2023
Fears over ability to deal with emerging risks as AI shoots up AXA ranking
Risks from artificial intelligence (AI) and big data have shot up the ranking in AXA’s latest Future Risks Report to…
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October 31, 2023
New head of energy for Argenta Syndicate Management
Argenta Syndicate Management has appointed Sarah Warren as unit head, energy. Based in London, Warren will report to Heath Callan,…
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October 31, 2023
Gard partners with DNK for war risk support
P&I insurer Gard has launched a war risk service for clients with specialist war risk insurer the Norwegian Shipowners’ Mutual…
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October 31, 2023
RSA Insurance launches PI cover for design sector
RSA Insurance has expanded its professional indemnity (PI) and financial lines unit with the launch of a product for design…
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October 30, 2023
Israel will compensate ships for war damage
The Israeli government said it will compensate shipowners for any damage incurred as a result of the war with Hamas.…
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October 30, 2023
New marine division launched by Renewable Energy Loss Adjusters
Renewable Energy Loss Adjusters (RELA) has launched a new division dedicated to the marine market, providing independent average adjusting services,…
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October 27, 2023
Sompo International appoints APAC head of crisis management
Pei Ru Chiew has joined Sompo International and will lead crisis management, commercial P&C insurance in Asia Pacific (APAC). She will…
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October 27, 2023
P&I clubs expected to lower renewal rate increase to 5.2%: S&P
Shipowners are likely to see average renewal rates for P&I cover increase by 5.2% for 2024 renewals, down from a…