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CRE Legal Regulation
May 15, 2024
UK arenas face heightened terror threat, says Pool Re, as Martyn’s Law remains in draft form
It is “almost certain” that terrorists have the intent to conduct attacks against arenas across the UK due to their high-profile nature and the gathering of large crowds, according to…
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Market
May 15, 2024
Talanx ‘increasingly confident’ of beating full-year profit forecast on Q1 results
Price increases and new property, liability and specialty insurance from German-based Talanx Group’s industrial lines, including HDI Global, boosted net income by 51% in the first quarter of 2024 to…
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North America
May 15, 2024
US property market stabilises but concern over casualty loss trends
There has been a noticeable stabilisation in the US property marketplace during Q1 2024, according to WTW. Its Insurance Marketplace Realities 2024 Spring update noted that property market rate conditions…
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Market
May 15, 2024
AGCS’s revenue falls in Q1 as rate momentum slows
AGCS saw its business volume and insurance revenues fall in Q1 after financial lines and alternative risk transfer income fell while rate increases slowed. Rates at AGCS were up 3.5%…
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Cyber & Technology
May 15, 2024
UK tells firms not to pay ransoms in cyberattacks
The UK’s National Cyber Security Centre (NCSC) has urged companies not to pay ransomware demands, warning that payment does not guarantee the end of an incident and instead provides incentives…
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North America
May 15, 2024
Property rates easing; insurers press for liability increases: Rims Riskworld
After more than a year of sharp property insurance rate hikes and six years of sustained price increases, commercial insurance buyers in the US are starting to see relief on…
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Asia
May 15, 2024
Berger to take headline slot at SIRC
Swiss Re incoming group CEO Andreas Berger has been confirmed as a main speaker on the first day of this year's Singapore International Reinsurance Conference (SIRC), which takes place in…
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ESG Regulation
May 15, 2024
Nature Restoration Law on a knife edge as crucial vote looms
The Irish government is leading calls for the approval of the Nature Restoration Law (NRL), which was adopted by the European Parliament but requires a majority vote at the Environment…
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CRE Risk Management
May 15, 2024
QBE report uncovers mental health risks in UK construction industry
Half of UK construction workers have worked in dangerous environments while suffering from mental health issues, according to recently published research. The report from commercial insurer QBE finds that 1.5…
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CRE Risk Management
May 15, 2024
More European corporates buying supply chain cover: Allianz Trade
Demand for supply chain insurances from European corporates has increased, according to Allianz Trade, as global challenges continue to affect operations and the smooth supply of goods and parts from…
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ESG Climate Risk
May 15, 2024
WTW Research Network collaborates with leading academic researchers
A new collaboration has been launched between the WTW Research Network (WRN) and two leading academic researchers to quantify the security impacts of climate change. The broker said the partnership…
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CRE Legal Regulation
May 15, 2024
Insurance Europe warns EC against ‘backpedalling’ Solvency II changes
European insurers have urged the European Commission “to deliver” on Solvency II reforms and warned against “backpedalling” on the political agreements reached between the European Parliament and Council in December…
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Asia
May 15, 2024
No evidence of major supply chain shift from China
Allianz Trade, the German insurance group’s credit insurance arm, says that despite much talk recently of a decoupling of supply chains from China for political and economic reasons, there is…
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Supply Chain
May 14, 2024
Over 50% of exporters considering moving supply chains due to geopolitical risk
More than half of corporates globally are considering relocating supply chains because of geopolitical risks, according to Allianz Trade as it published its Global Survey 2024. The survey of more…
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ESG Other News
May 14, 2024
Quarter of public companies using GRI’s Tax Standard
A quarter (26%) of the 1,000 largest public companies worldwide are voluntarily using the Global Reporting Initiative (GRI) Tax Standard (GRI 207) in their sustainability report, according to new analysis…
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ESG Insurance
May 14, 2024
New carbon capture and storage insurance product from Aon
A new insurance product designed specifically for international transport and storage companies that are engaged in storing carbon dioxide has been developed by Aon in the UK. The new product…
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Cyber & Technology
May 14, 2024
Nordics come top in global cyber security poll
Nordic countries Finland, Norway and Denmark ranked as the lowest risk for cyber threats, followed by Australia and the UK, in a global study from US-based cybersecurity experts MixMode. A…
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ESG Regulation
May 14, 2024
EU strengthens CO2 emission standards for heavy-duty vehicles
The European Council has formally adopted the regulation on CO2 emission standards for heavy-duty vehicles, amending and strengthening the existing EU rules. Under the revised rules, the scope of the…
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Asia
May 14, 2024
Italian credit insurer opens office in Singapore
Italian state credit insurer Sace has opened an office in Singapore that it says it will use to support a huge $8bn worth of new projects for Italian exporters in…
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CRE Legal Regulation
May 14, 2024
UK data protection regulator says ‘no excuse’ for breaches
The UK’s data protection regulator has warned it will take enforcement action against organisations that fail to protect personal data, urging firms to “do more” to mitigate the growing threat…