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Executive & D&O
March 5, 2024
AM Best issues negative outlook for US D&O segment as rates fall
Growing competition in the US D&O market is a key factor that has led to more capacity and lower pricing, according to AM Best, and as a result the ratings…
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Asia
March 4, 2024
Aon announces new head of India
Rishi Mehra has been appointed as head of India, Aon. He will be based in Mumbai and report to Anne Corona, chief executive officer of Asia Pacific at Aon. He…
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North America
March 4, 2024
New data-driven insurance product for US commercial fleets
Inigo Limited has partnered with technology firm Samsara to launch a new structured product for US companies with large automotive fleets. Using data from Samsara, Inigo said it will provide…
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Market
March 4, 2024
Aviva re-entering Lloyd’s with £242m Probitas deal
Aviva is re-entering the Lloyd’s market through the £242m acquisition of Probitas. The move, which is set to complete by the middle of this year, will diversify and expand Aviva’s…
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Cyber & Technology
March 4, 2024
Italy’s Enel Energia fined record-high €79m for data breaches
Italy’s regulator has fined energy firm Enel Energia €79m for failing to protect the personal data of its electricity and gas customers. The Garante per la protezione dei dati personali…
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Market
March 4, 2024
US commercial insurance price hikes ease
Commercial insurance policyholders paid an average premium increase of 7% in the fourth quarter of 2023, down from 8.1% in Q3, according to the Council of Insurance Agents and Brokers’…
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Marine
March 4, 2024
UK-owned ship Rubymar sinks in first major loss since Houthi Red Sea attacks
After months of avoiding a major incident since commercial ships came under attack by Houthi militants in the Red Sea, the first total loss has been recorded with the sinking…
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Asia
March 4, 2024
Strong growth forecast for New Zealand general insurance sector
The general insurance industry in New Zealand is expected to grow by 8.3% in 2024, supported by property and motor insurance lines, which together accounted for nearly 75% of the…
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Latin America
March 4, 2024
Talanx completes acquisitions in Chile, Colombia and Ecuador
Talanx has successfully completed the acquisition of the business of Liberty Seguros in Chile, Colombia and Ecuador, which serves retail customers and small to mid-sized enterprises. The acquisitions make Talanx…
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Marine
March 4, 2024
Marsh PPP facility expands cover to all shipping trade at Ukrainian ports
Marsh’s Unity insurance facility – backed by Lloyds and, ultimately, the Ukrainian government – has expanded, and now offers lower war risk premiums to all ships trading in and out…
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ESG Other News
March 4, 2024
Global c-suite struggling to fund sustainability investments
While a majority of organisations globally recognise sustainability as important to their business strategy, many c-suite leaders are struggling to fund their sustainability investments, according to a global study by…
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Legal & Regulation
March 4, 2024
MEPs pass beefed-up environmental crimes directive
Members of the European Parliament (MEPs) have adopted and extended the list of offences and sanctions in the Environmental Crimes Directive that could see directors and officers face charges. The…
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ESG
March 4, 2024
European companies lead on board-level gender diversity
Europe is leading gender diversity league tables, according to Fitch Ratings, with nine European countries achieving the highest proportion of females at board level among a global top ten. Companies…
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Trade Credit
March 1, 2024
Coface pricing down 1.9% but claims costs now above pre-pandemic levels
Trade credit insurer Coface said rates were down 1.9% last year but has so far avoided a spike in claims from business failures, which it said are still below pre-pandemic…
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GRM People Moves
March 1, 2024
Insurwave appoints Ken MacDonald as adviser in marine and specialty
London-based insurtech platform Insurwave has appointed industry veteran Ken MacDonald as an adviser to enhance its marine and specialty capabilities. He will advise on bringing Insurwave’s solutions across the insurance…
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Reinsurance
March 1, 2024
European reinsurers’ underwriting margins close to peak, says Fitch
European reinsurers’ underwriting margins are close to peaking as supply-and-demand dynamics become more balanced, according to Fitch. “This is in line with our belief last year that margins would slightly…
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Employee Benefits
March 1, 2024
Call for tailored approach to health and wellness benefits
Multinationals can better address employee health concerns if they fully understand and consider the needs of all of their employees, according to MAXIS Global Benefits Network (GBN). It recommends employers…
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ESG Climate Risk
March 1, 2024
Business must invest in climate preparedness and employee support
Organisations should take heed of the losses that can be incurred by extreme weather events, and invest in climate preparedness, says health and security services company International SOS. Its International…
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Market
March 1, 2024
Miller launches global parametric team
London-based global broker Miller has announced its expansion into the growing parametric insurance market with the launch of a new global team headed by Alice Glenister. Miller said that the…
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Asia
March 1, 2024
Asian countries face ‘moderate’ rise in insolvency risk
Allianz Trade expects most Asian countries to face a “moderate” increase in insolvencies this year, including China. As it released its Global Insolvency Report, the German insurance group’s trade credit…