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Marsh Re’s Leon Janeke expects Baden-Baden to “confirm and further entrench” a buyer-favourable reinsurance market ahead of the 1 January renewals, with reinsurers set to take a greater share of large and catastrophe losses as the market rebalances risk. In an interview ahead of the industry event in Germany, Janeke, head of UK Property &…
Cyber risk can hold flat for years, then jump sharply once attackers find a way to exploit a new technology, an artificial intelligence (AI) appears that is heading down a similar path, cyber insurance specialist Coalition believes. The insurance industry collectively has close to a trillion dollars of cyber insurance limits outstanding. Underwriters face two…
Lloyd’s has granted in-principle approval for the establishment of Credeq Syndicate 1998, marking a significant step in Credeq’s global growth strategy. Headquartered in London, Credeq is a global specialist credit risk insurance provider, with expertise spanning Guarantees & Surety, Trade Credit, Credit Risk Insurance and AI Risk. It operates across the UK, Europe, Africa, Australia…
In Celebrity Traitors, there is so much to enjoy. The tasks, the accusations, learning that your favourite celebs have no filter… Another joy is fashion. Both in the normal show and the celebrity edition, contestants appear in incredibly stylish, bold clothes that really bring their characters to life. Is anybody else still thinking about Stephen’s…
Nepal and the World Bank (International Bank for Reconstruction and Development, IBRD) have signed a mandate agreement to explore the development of a catastrophe bond for quicker access to funds in case of a major earthquake. The agreement between the two parties marks the beginning of a collaboration to assess how capital markets can support…
Outgoing Doctor Who boss Russell T Davies has made his feelings clear after the BBC’s new director general appeared to praise an AI-generated episode of the long-running sci-fi show. During an interview on BBC Radio 4’s The Media Show, Russell was asked about Matt Brittin’s claim last month that “somebody” had sent him “a 50-minute…
Hannover Re, one of Europe’s big four reinsurers, has appointed Wesley Clay as Chief Executive Officer (CEO) of its South Africa operations, subject to regulatory approval. Clay has over two decades of industry experience, having joined Hannover Re in 2002 as a Portfolio Manager, and was a member of the Life Management team for six…
Delta Goodrem has been forced to pull out of this weekend’s Strictly Come Dancing show due to a rib injury. Last week, Delta and her dance partner Kai Widdrington were at the top of the leaderboard following their performances but Delta was in “absolute agony” throughout the show and was rushed to hospital on Sunday,…
January is a popular time for lawyers to see divorce enquiries spike – with the first working Monday of the new year often dubbed ‘Divorce Day’. But there’s another annual spike that happens right after summer, often coinciding with the start of the university year. According to family lawyers at Irwin Mitchell, enquiries for divorce…
Aon, the professional services firm specialising in risk, retirement and health solutions, has appointed Chris Rafferty as the new Chief Integration Officer for its Integration Management Office (IMO). Rafferty joined the group in 2007 as Chief Operating Officer, a role he held for nearly 15 years. He then became Global Specialty Product Leader at the…