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Asia
NSM team launch $650m Ignyte platform
US-based Ignyte Insurance has launched as a specialty insurance platform dedicated to acquiring, scaling and accelerating high-performing insurance brands in niche markets around the world including Asia Pacific. Ignyte is…
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CRE Insurance
Donnet re-elected as Generali CEO
Generali CEO Philippe Donnet has been re-elected for another three-year term following reports that Italian billionaire and Generali investor Francesco Gaetano Caltagirone would resurrect an attempt to replace him. At…
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Market
Mapfre Global Risks records 7% slide in Q1 net income
Mapfre Global Risks posted a near 7% fall in net income for the first quarter of 2025, contributing €10m to the Mapfre group’s total result of €276m. But Mapfre described…
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DACH
Cevian Capital sells Baloise stake to Helvetia shareholder ahead of merger vote
Helvetia’s largest shareholder Patria Genossenschaft has acquired Cevian Capital’s shares in Baloise Holding ahead of a merger between the two Swiss insurers announced earlier this week. Patria Genossenschaft, which owns…
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Asia
Asian rates decline across major lines
Commercial and corporate insurance rates in Asia fell 3% in the first quarter of 2025, according to Marsh’s Q1 analysis of the region based on a mix of its customers. …
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Risk Management
UK risk managers feeling impact of US tariff uncertainty
The majority (72%) of UK risk managers say US tariffs are impacting their organisation, according to a survey by Airmic. But the risk management association said uncertainty created by the…
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Risk Management
New standard aims to help cities risk manage disasters and economic shocks
The BSI has published new guidance to help city authorities risk manage disasters, economic shocks and climate change. The guidance from the business improvement and standards company is designed to…
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France
Amrae sees pro-insurance buyer trend continuing if market dodges turmoil
French companies enjoyed a positive renewals season in January and the market looks like remaining favourable for buyers this year as long as trade and financial market turbulence don’t ruin…
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Climate Change
‘Every hour counts’ when dealing with extreme events, says BELFOR CEO Kolak
Risk managers are playing an increasingly important role in helping their organisations manage climate change risk and minimise business interruption, according to BELFOR’s European CEO Elvir Kolak, and last year…
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Market
WTW Q1 revenue down but profit up
WTW reported first-quarter revenue of $2.22bn, down 5% from the year-earlier period. It achieved organic growth of 5%, however, and net income increased 23% to $239m. Revenue in the broker’s…
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Asia
Cambodian insurance market growing at 25% per annum
Cambodia's insurance industry recorded gross premiums of $357m in 2024, up from $36.1m in 2012, an annual average growth rate of 25%, according to the Khmer Times, reports Asia Insurance Review(asiainsurancereview.com). The…
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CRE Legal Regulation
Insurers call on EU to propose suspension of global minimum tax after US withdrawal
Europe’s insurers have called on the European Commission to act after the US withdrew support for the OECD’s global minimum tax initiative, which applies a 15% minimum corporate tax on…
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Market
Marsh reports European rates down but only region where softening slowed
Insurance rates fell in Europe for the second consecutive quarter but were down just 1% from 2% in the prior period, with the continent seeing the smallest decline of all…
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UK/Ireland
Softening accelerates in UK as rates fall 6% in Q1: Marsh
Commercial insurance rates fell 6% in the UK during Q1 2025, as softening accelerated from 5% in the previous two quarters, according to Marsh’s latest figures. Its Global Insurance Market…
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M&A
Ardonagh buys Swiss broker SRB
The Ardonagh Group has acquired Swiss broker SRB Assekuranz Broker, which specialises in corporate accounts, primarily in the industrial sector. Zurich-based SRB has offices in both Switzerland and Liechtenstein, managing…
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People Moves
Lockton hires international marine lead
Broker Lockton has appointed Bård Poulsson as international marine lead, joining the group from Arthur J Gallagher in September. Based in Oslo, Lockton said Poulsson will strengthen its focus on…
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Asia
UN, ADB and Bank Negara Malaysia launch supply chain resilience book
The United Nations Development Programme (UNDP), in collaboration with the Asian Development Bank (ADB) and Bank Negara Malaysia (BNM), have published a playbook titled Building Supply Chain Resilience: Insights into Greening...…
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Asia
Munich Re reports healthy growth in Asia
ERGO International, the international primary arm of German reinsurance giant Munich Re, has reported further above-market growth and rising profits in its growing Asian operations, notably India and Thailand. The…
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Insurance
Munich Re eyes further specialty expansion
As Munich Re heads towards its Ambition 2025 target of generating €10bn in primary specialty insurance premiums, group chairman Joachim Wenning says that he does not rule out acquisitions to…
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CRE Risk Management
Cat modeller Oasis maps out growth plans for Europe
Catastrophe modelling platform Oasis Loss Modelling Framework said it has expanded its footprint in Europe, highlighting momentum in France, through new partnerships, collaborations and model innovations. Dickie Whitaker, CEO... Want…