-
Executive & D&O
April 5, 2024
AXA XL launches new lead DIC D&O policy
AXA XL’s Bermudan professional lines team has launched a new lead DIC directors and officers liability policy. The insurer said that the updated form offers the most comprehensive coverage for…
-
Market
April 5, 2024
Adelaïde Group ‘resolutely committed’ to further European expansion
France’s Adelaïde Group, the broking firm that owns Verlingue and now operates in five European countries, has announced 18% turnover growth for 2023. The family-owned group reported turnover of €400m…
-
Spain/Portugal
April 5, 2024
Capacity flowing into Spanish market
Insurance companies have a growing appetite for Spanish risk, with new entrants joining existing players, offering more and more capacity in the country while expanding local teams, brokers have told…
-
North America
April 5, 2024
AXA XL exits US crop insurance business with sale of Global Ag unit
Farmers Mutual Hail Insurance has acquired Global Ag Insurance Services from commercial and specialty insurer AXA XL. Terms of the transaction were not disclosed. The sale represents AXA’s exit from…
-
Association News
April 5, 2024
Darim keeping on top of constantly changing legislation
Regulation has become an increasingly onerous part of the corporate world and one that carries its own risks – from non-compliance to reputational damage. However, keeping track of all legislation…
-
English
April 4, 2024
Denmark intelligence service raises terrorism threat rating
Denmark’s national security and intelligence service (PET) has declared an increase in the threat of terrorism as a result of the war in Gaza between Israel and Hamas militants. The…
-
English
April 4, 2024
Tanker collision raises insurers’ fears of dark fleets
A collision between two tankers off the coast of Denmark has revived insurers’ concerns about the risk of so-called ‘dark fleets’ and the prospect of insurers being left to cover…
-
Risk Management
April 4, 2024
Ferma and Commercial Risk Europe launch 2024 European Risk Management Awards
Entries are now open for this year’s European Risk Management Awards, held in association with Ferma and Commercial Risk Europe. The awards have now been running since 2016 and once…
-
DACH
April 4, 2024
German insurer calls for reduced red tape to combat extremism
Norbert Rollinger, CEO of Wiesbaden-based R+V Versicherung, has called for “urgent political action” to improve economic conditions and prosperity to help curb extremism and strengthen democracy at a time of…
-
France
April 4, 2024
French government considers further changes to nat cat scheme
The French government said it will look into charging companies a different amount under the country’s nat cat regime based on regional exposure, after experts it commissioned recommended such a…
-
Market
April 4, 2024
European commercial market to soften in 2025: Fitch
Fitch predicts that the commercial European insurance market will soften next year as competition among insurers mounts to the point where prices finally fall. The rating agency thinks major European…
-
M&A
April 4, 2024
Howden continues French growth with Normandy acquisition
Howden has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen, expanding its geographical footprint and capabilities to clients in north-west France. Terms of the…
-
Legal & Regulation
April 4, 2024
AIG files action against Dellwood leadership for stealing ‘trade secrets’
AIG has filed an action against a group of former senior executives who left the insurer to launch US excess and surplus lines (E&S) company Dellwood Insurance Group in March…
-
Legal & Regulation
April 4, 2024
Eiopa consults on reassessment of nat cat risks
The European Insurance and Occupational Pensions Authority (Eiopa) has launched a public consultation on reassessing natural catastrophe risks in the Solvency II standard formula because of the rising exposure faced…
-
Legal & Regulation
April 4, 2024
Australian class actions ‘bounce back’ after lull in 2022
Australian businesses faced the second ever highest number of class actions in 2023 and the sectors at risk are expanding, competing claims are on the rise and new areas of…
-
Climate Change
April 4, 2024
Eiopa ready to back PPPs to cope with nat cat risk
Petra Hielkema, chair of the European Insurance and Occupational Pensions Authority (Eiopa), has told chief risk officers at Europe’s leading insurance and reinsurance companies that the regulator continues to discuss…
-
Africa
April 4, 2024
South Africa to see continuing property and motor rate increases
Premium rate increases for property and motor insurance in South Africa are expected to continue in 2024 driven by reinsurance and claims inflation, according to GlobalData, which is forecasting the South…
-
People Moves
April 4, 2024
Aon’s CFO to step down while CEO Case gets contract extension
Aon’s executive vice president and CFO Christa Davies has decided to retire in 2025 and will move into the role of senior adviser later this year to assist with the…
-
M&A
April 3, 2024
New MGA Devonshire to focus on transactional risk
A new MGA has been launched specialising in underwriting transactional risk and backed by Lloyd’s and a panel of A-rated insurance capacity providers. Devonshire UW Limited, and its affiliate Devonshire…
-
Construction
April 3, 2024
Softer times ahead for London construction insurance market
Risk managers in the construction sector can expect a less stressful time at coming renewals in the London market, according to broker Miller. Miller’s London construction sector experts have provided…