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Italiano
L’Italia segue la crescita del commercio globale
Nel 2021 si sta registrando una crescita del valore e dei volumi del commercio globale, su cui pesano le difficoltà di reperimento delle materie prime e dei trasporti. L’Italia si…
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Trade Credit
Italy benefits from rebound in global trade
The year 2021 is playing witness to an increase in the value and volume of global trade, yet still hampered by the difficulty in sourcing raw materials and means of…
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Climate Change
Reinsurers underestimate nat cat risk by up to 50%, warns S&P
Reinsurers could be underestimating their exposure to natural catastrophes by as much as 50% because of climate change, warns S&P Global Ratings. In a new report based on stress tests,…
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Legal & Regulation
Lower capital charges under Solvency II reforms will boost insurers’ ESG investment, says Fitch
The EC’s proposals to lower Solvency II capital requirements for certain long-term investments, in particular renewable energy projects and sustainable infrastructure, will boost European insurers’ interest in ESG assets, according…
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Supply Chain
Auto sector hit by $210bn in lost revenue from mounting supply chain disruptions, says AlixPartners
Supply chain disruption caused by the worldwide shortage of semiconductors is estimated to cost the global automotive sector $210bn in revenues this year, according to consulting firm AlixPartners. But it…
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GRM News & Analysis
Political violence covers in Latin America see growing restrictions
Global companies are finding it ever harder to buy coverages for political violence in Latin America, after a spate of episodes of social unrest in the past couple of years.…
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Association News
Airmic names six new board members
UK risk management association Airmic has named six new board members under the stewardship of recently appointed chair Claire Combes. It was previously announced that Ms Combes will take over…
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Market
RMS says Hurricane Nicholas losses will range between $1.1bn and $2.2bn
RMS estimates that US insured losses from Hurricane Nicholas will be between $1.1bn and $2.2bn. The figures includes wind, storm and inland flooding losses, including to the US National Flood…
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GRM Tax & Compliance
IPT compliance guide from Sovos highlights changing regulatory landscape
An insurance premium tax (IPT) guide for insurers has been launched by tax compliance firm Sovos. It focuses on IPT compliance and the changing IPT regulatory landscape across the world,…
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GRM Insurance
Charles Taylor launches specialty lines practice
Insurance services and claims firm Charles Taylor has launched a specialty lines practice, which will be led by Laetitia Fouquet and Nicholas La Stella. Charles Taylor Adjusting’s (CTA) specialty lines…
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People Moves
Wagstaff appointed permanent CEO of LMG
The London Market Group (LMG) has named Caroline Wagstaff as its permanent CEO, after she took over on a temporary basis in April this year. The LMG is a market-wide…
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On Demand
Global Programmes 2021: Managing the Claims
Marsh’s Helen Haggie, Adri van der Waart from NARIM and Lars Vissing from Allianz consider how the claims environment has changed through the hard market and what changes risk managers…
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GRM News & Analysis
US D&O increases moderating but SPAC IPOs causing concern
Most US companies continue to experience increases in total cost and retention on their D&O programmes in 2021, but the rate of these increases seems to be decelerating, according to…
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Legal & Regulation
EC aims to release insurance capital as it announces Solvency II reform
The EC has proposed changes to Solvency II that it claims will better protect insurance buyers while freeing up €90bn of insurance capital in the short term to boost investments…
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Market
Hurricane Ida pushes The Hanover over Q3 cat budget
Hurricane Ida losses have pushed The Hanover Insurance Group beyond its catastrophe allowance for the third quarter. The US group estimates catastrophe losses of between $150m and $165m for Q3,…
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Market
MGA Volante to launch Lloyd’s syndicate in next stage of growth
MGA Volante Capital Holdings has received in-principle approval for a new Lloyd’s syndicate to open for the 2022 year of account. Volante’s syndicate 1699 will be managed by Asta Managing…
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Risk Management
Finalists announced for European Risk Management Awards 2021
Ferma and Commercial Risk have announced the finalists for this year’s European Risk Management Awards, with the winners to be named at a ceremony on 14 December. Finalists have been…
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Pandemic
US federal judge refuses to dismiss restaurant chain’s BI Covid-19 suit
A federal US judge who had already ruled in favour of plaintiffs in at least two Covid-19 business interruption lawsuits did so again this week in refusing to dismiss litigation…
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Climate Change
EU targets energy and agriculture to cut methane emissions in new pledge with US
European risk managers at companies within sectors that emit significant levels of methane, from oil and gas to agriculture, face tougher rules following an agreement between the EU and US…
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GRM Partner Content
Risk and resilience: two sides of the same coin
We all know that understanding how businesses approach risk is key to providing them with the most effective protection, but after the year we’ve all had, have some blindspots been…
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