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CRE People Moves
Swiss Re proposes Quinn and Hubbe to board
Swiss Re has nominated insurance executives Morten Hubbe and George Quinn to join its board of directors ahead of its AGM on 11 April. They will replace Phillip Ryan and…
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SRR Analysis
Willis forecasts 34% rise in clean energy technology investments in 2025
Investment in clean energy technologies is expected to increase by over a third in 2025, according to the latest global Clean Energy Survey released by Willis, a WTW business. It…
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Market
Hannover Re 2024 results buoyed by 117% jump in P&C profit
Hannover Re has posted a 28% increase in group net income to €2.33bn for 2024, meeting higher guidance targets published in the final quarter of the year, driven by property…
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GRM People Moves
AXA XL adds to UK & Lloyd’s specialty team
Louise Nevill has been appointed chief underwriting officer – specialty at AXA XL while Sundeep Khera has been appointed head of marine and energy. The insurer said these appointments are…
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M&A
Insurance M&As slump in 2024, says Clyde & Co
Insurance carrier M&A activity in UK and Europe saw a 48% drop in 2024, while global carrier M&A slumped to a 16-year low last year. Clyde & Co’s annual insurance…
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GRM Insurance
London market capacity increases for credit and political risks
In the structured credit and political risk insurance (SCPR) market in London, for both political risks and contract frustration, there is around $3.5bn (€3.22bn) worth of capacity for any one…
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Liability
Travelers launches product liability cover for US life sciences
Travelers has announced that it will launch product liability coverage for life sciences companies in the US. The insurer said Travelers Synergy will cover medical technology, pharmaceutical, biopharmaceutical and digital…
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Asia
Arthur J. Gallagher acquires Philippines insurance broker
Arthur J. Gallagher & Co has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers (Philinsure), following a minority investment in the business. Philinsure is a commercial insura...…
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France
French Senate votes for four-year delay to CSRD
France could push back implementation of Europe’s Corporate Sustainability Reporting Directive (CSRD) by four years after a vote in the Senate this week in favour of a proposal to delay…
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Captives
Proactive claims management can curb large verdicts
As ‘nuclear verdicts’ rise, companies should take a proactive approach to risk and claims management, a panel of experts said at the Captive Insurance Companies Association’s 2025 International Conference in…
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CRE Legal Regulation
FCA drops diversity and misconduct proposals
The UK’s financial watchdog has rowed back on proposals to broaden the rules on publicising cases of non-financial misconduct, including bullying and harassment, and has shelved diversity and inclusion (D&I)…
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Asia
Increased demand for nat cat cover will drive APAC reinsurance market growth
The Asia-Pacific (APAC) reinsurance market is projected to grow at a compound annual growth rate of 4.8% from an estimated $54.0bn in 2024 to $68.4bn in 2029, in terms of…
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Asia
JBA Risk Management launches Australian inland flood model
A new comprehensive Australian inland flood model has been launched by flood science specialist JBA Risk Management. It said the model was designed to meet increasing demand from the insurance…
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Insurance
MS Amlin and MSIG UK launch new dual stamp capacity
Lloyd’s (re)insurer MS Amlin and its sister company, Mitsui Sumitomo Insurance Company (Europe) (MSIG UK), have expanded their London Market presence with the launch of a new dual stamp underwriting…
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SRR Insurance
FM expands insurance policy for renewable energy operation to EMEA
FM’s insurance policy for renewable energy operation is now available in Europe, the Middle East and Africa (EMEA). In July 2024, FM Global launched the policy in the US and…
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CRE Legal Regulation
Ferma calls for insurance exclusion from EU’s public sector procurement rules
Europe’s risk and insurance managers have called for insurance policies to be removed from the EU Public Procurement Directives (PPD), arguing that the current rules hamper public tenders for insurance…
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CRE People Moves
Lockton Norway appoints CEO
US-based independent insurance broker Lockton has named Øyvind Larsen as CEO of Lockton Norway. It is a promotion for Larsen, who joined Lockton in 2023 as head of people solutions…
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Executive & D&O
D&O experts put spotlight on AI coverage risks
Artificial intelligence took the spotlight during the Professional Liability Underwriting Society’s (PLUS) directors and officers liability insurance symposium in New York last week, with experts discussing best practices for... Want…
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Marine
North Sea vessel collision to cost insurers $100m-$300m: Morningstar DBRS
Insured losses from the vessel collision in the North Sea this week have been pegged by analyst Morningstar DBRS at between $100m and $300m, adding to a series of large…
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GRM Insurance
Zurich rebrands international programme business to Zurich Multinational
Zurich is renaming Zurich International Programs to Zurich Multinational, as part of its celebration of 50 years of providing comprehensive insurance solutions to commercial customers operating across borders. “Since its…