Property
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Global and European insurance rates fall again but pace slows
Global commercial insurance rates continue to fall but the rate of decline is slowing, according to new figures from Marsh.…
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Corporate round-up
AGCS shakes up global property, engineering and risk consulting management, Allied World appoints Rob Kuchinski head of international property, Hyperion…
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Corporate round-up
AIG extends D&O policies to cover Brexit risk, Liberty Specialty Markets names Kadidja Sinz as new head of Europe, Chubb…
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ABI calls for compulsory sprinklers at warehouses as payouts rise
The Association of British Insurers (ABI) this week called for sprinklers to be made a legal requirement in all new…
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US P&C insurer profits down 26% in Q1
Private US property and casualty (P&C) insurers saw their collective profits fall, premium growth stall and combined ratio deteriorate in…
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New opportunities for growth across Africa as the latest specialty venture gets underway
Commercial Risk Africa caught up with Chaucer CEO, Johan Slabbert, to get further details on his firm’s new tie-up with…
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Corporate round-up
Travelers and Novae join Lloyd's Construction Consortium to expand cover, Marsh's George Davies to move to executive search firm Eliot…
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FM Global clients set for premium credit of $465m
Clients of mutual commercial property insurer FM Global will collectively receive a $465m premium credit due to the firm's latest…
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Corporate round-up
Mapfre plans international construction business from London, AGCS name Spotswood senior tech PI and cyber underwriter and ACE appoints to…
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Corporate round-up
Nicolas Aubert named CEO of UK-focused Willis Ltd and MGA European Property Ltd secures capacity agreement with HDI and Swiss…
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FM Global claims data reaffirms importance of fire risk management
Flooding is the most likely peril to cause damage and disruption to UK business property but fire poses the greatest…
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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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Tianjin loss expected to rise as Guy Carp estimates $3.3bn toll
Three weeks on from the series of explosions that ripped through the Chinese port of Tianjin the extent of damage…
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Tianjin port blast hits supply chains and insurers
The series of devastating blasts that ripped through the Chinese port city of Tianjin last week have caused significant damage…
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Corporate round-up
Vinay Mistry set for CRO role at The Channel Managing Agency, Damian Ely appointed CEO of Charles Taylor Adjusting, Beazley…
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FM Global sees uptick in property cyber claims
Specialist property insurer FM Global has seen an increase in cyber claims. The firm is working with risk managers to…
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Corporate round-up
Swiss Re Corporate Solutions teams with IBM to boost cyber mitigation and transfer, Geyman appointed assistant VP, Onshore Construction at…
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US snowstorms stark reminder of need for practical loss prevention: FM Global
The severe snowstorms that struck northeastern US this week are a stark reminder of the disruptive power of weather and…
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Corporate round-up
Alliant buys QBE's US agency business for $300m, ACE delivers new mid-market offering for continental Europe, QBE appoint Mark Platten…
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Abundant capacity drives further fall in global insurance rates finds Marsh
Global insurance rates fell for the fifth consecutive quarter with property rates down by an average of 4.6% in Q2…
