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Executive & D&O
March 20, 2024
Health and safety ‘surprise’ top risk for global D&Os, finds WTW survey
Health and safety is the “surprising” top risk for 84% of global directors, officers and risk managers, according to a survey by WTW and Clyde & Co, rising four places…
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Captives
March 20, 2024
Captive owners face tough talks with fronts over collateral
Captive owners should ensure they provide accurate data and are ready to compromise on collateral to maximise their rate negotiations with fronting insurers, according to experts. While insurers often impose…
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CRE Insurance
March 20, 2024
Representations and warranties rates down sharply in 2023: Marsh
Rates for transactional risk coverage declined sharply last year, as capacity expanded and merger and acquisition activity continued to slow, Marsh said in a sector report. Pricing declined in all…
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ESG Comment & Opinion
March 19, 2024
One step forward, two steps back
As the EU stalled on its Corporate Sustainability Due Diligence Directive, finally coming up with a watered-down version, the US has pushed ahead on an equally contentious regulation, with the…
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ESG Analysis
March 19, 2024
ESG to the fore in M&A deals
With a rebound in mergers and acquisitions (M&A) activity predicted in 2024, ESG Risk Review talked to Luise O’Gorman, Aon’s global head of ESG Transaction Advisory Services, about the role…
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Liability
March 19, 2024
AI will shift liability rather than create new risks
Artificial intelligence raises challenging questions for liability as the technology continues to outpace regulatory and legal developments, experts have told Commercial Risk. The release of generative AI like ChatGPT has…
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Asia
March 19, 2024
Indonesian general insurance industry to see strong growth in 2024
The general insurance industry in Indonesia is expected to grow by 14.8% in 2024, driven by favourable regulatory reforms, rising demand for natural catastrophe insurance policies, and government support for…
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ESG Insurance
March 19, 2024
Specialist insurer CFC enters carbon insurance market
Specialist London-headquartered insurer CFC has entered the carbon insurance market with the launch of a new product – carbon delivery insurance. According to CFC, the new product is the first…
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ESG
March 19, 2024
Europe and Central Asia hotspots as forced labour profits reach $236bn
Annual private sector profits from forced labour have reached $236bn, up 37%, or $64bn, since 2014 with Europe and the Central Asia region top of the list, according to figures…
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ESG Analysis
March 19, 2024
Businesses struggling with net zero plans
Large businesses around the world are struggling with their net-zero plans, with barriers including fears of unfair scrutiny of climate efforts and how to address supply chains emissions. This is…
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Legal & Regulation
March 19, 2024
Stability returning to EMEA insurers’ credit ratings, says AM Best
Credit ratings at European insurers and reinsurers are more stable following strong premium rate increases and a comparatively benign year for nat cat losses, according to AM Best. In a…
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Asia
March 19, 2024
Hong Kong general insurance sector sees premiums rise but profit fall
The Hong Kong general insurance industry saw total gross premiums increase by 4.1% to $67.3bn in 2023, according to provisional statistics released by the Insurance Authority of Hong Kong. Net…
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M&A
March 19, 2024
Chubb launches global transactional risk platform
Chubb has launched a global transactional risk platform that will offer its products across international markets while boosting its existing offering in North America. The insurer has appointed Josh Cowen…
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Market
March 19, 2024
Hannover Re beats guidance after 134% gain in net income to €1.83bn
Hannover Re’s net income more than doubled in 2023 to €1.83bn from €781m, beating earnings guidance of €1.7bn after Q4 turned around a loss of €335m to deliver net income…
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Cyber & Technology
March 19, 2024
UK SMEs ‘woefully unprepared’ for cyber threat
New research commissioned by London-based cyber MGA Cowbell has found that UK SMEs are “woefully unprepared” to react to a cyber incident, with only one in five (19%) having a…
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DACH
March 19, 2024
German Cartel Office gives green light to Gothaer-Barmenia merger
The German Federal Cartel Office has approved the planned merger between Cologne-based Gothaer and Barmenia from Wuppertal to create one of Germany’s biggest multi-line insurers. Andreas Mundt, president of the…
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ESG Comment & Opinion
March 18, 2024
ESG – an opportunity for risk managers
ESG Risk Review spoke to Dr Bev Adams, head of client engagement for Marsh Advisory’s Strategic Risk Consulting practice and formerly ESG and climate advisory practice leader at Marsh, about…
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GRM News & Analysis
March 18, 2024
Corporates gaining confidence in parametric solutions
Martin Hotz, head parametric nat cat, Swiss Re Corporate Solutions , talked to Global Risk Manager about the growing interest in, and availability of, parametric solutions for corporates. As far…
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Association News
March 18, 2024
Ferma’s survey deadline approaches
The deadline to take part in this year’s Ferma survey, which is open to risk managers around the world for the first time, is 29 March, and the federation is…
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Legal & Regulation
March 18, 2024
Apple settles shareholder fraud suit led by UK council for $490m
Apple has agreed a $490m settlement with a group of shareholders who accused the company of committing fraud for failing to disclose concern about demand for iPhones in China. The…