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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…
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People Moves
March 1, 2024
Willis MGU Verita hires risk execs from Sompo
Verita CSG, WTW’s managing general underwriter unit, has hired Victor Sordillo and Glen O’Connor, formerly with Sompo International, to head up its risk advisory services. Sordillo was named director of…
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Market
March 1, 2024
Reinsurers applying brake to insurance market softening
The return of more stable reinsurance market conditions is easing pressure on the commercial insurance space. But with no softening in sight, the calming market may offer limited relief for…
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Legal & Regulation
February 29, 2024
Ferma says CSDDD rejection provides time to address ‘shortcomings’
The Federation of European Risk Management Associations (Ferma) has told Commercial Risk that news that the Corporate Sustainability Due Diligence Directive (CSDDD) has been formally shelved for now will provide…
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Marine
February 29, 2024
EU strikes deal on maritime safety
The European Council and Parliament have struck provisional deals in an effort to support clean and modern shipping in the EU. The Council presidency and European Parliament’s negotiators reached provisional…
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Legal & Regulation
February 29, 2024
European news publishers sue Google for €2.1bn in advertising claim
Google has been issued with a €2.1bn claim by a group of more than 30 European news media outlets seeking compensation for losses they say have been incurred because of…
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Africa
February 29, 2024
Africa Specialty Risks in parametric reinsurance partnership
Africa Specialty Risks (ASR) has formed a landmark parametric reinsurance partnership with a leading European reinsurer. ASR said the partnership will increase its coverage for vulnerable populations and economies in…
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Cyber & Technology
February 29, 2024
Increase in AI-targeted risk solutions expected but challenges for insurers
Artificial intelligence (AI) will continue to bring greater efficiency to many areas of the insurance process, and there will be an increase in AI-targeted risk solutions, but this does not…
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UK/Ireland
February 29, 2024
UK property market update; a changing risk picture
Macroeconomic challenges and concerns about climate change and severe weather patterns, as well as the need for companies to continue the drive towards net zero, are continuing to shape the…
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Cyber & Technology
February 29, 2024
New approach to AI risk assessment needed: Airmic
As many as 50% of UK organisations have not conducted artificial intelligence (AI) risk assessments, a survey of Airmic members has revealed. Data protection and intellectual property challenges emerged as…
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Employee Benefits
February 29, 2024
UK firms boosting employee support to meet cost of living crisis
Almost all UK employers surveyed by Towergate Health & Protection have either increased or intend to increase support to employees in response to the rise in the cost of living.…