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Market
February 7, 2024
WTW’s revenue up 7% in 2023 as it continues specialty push
WTW said it is sharpening its strategic focus on specialty markets and has launched a large client team in the US, as the company announced revenue up 7% last year…
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CRE Risk Management
February 6, 2024
UK government mulls reducing terrorism rules for small venues under Martyn’s Law
A new UK law that would impose terrorism risk management requirements for public venues and events is being reviewed in a consultation announced by the government. The six-week consultation on…
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GRM People Moves
February 6, 2024
Marsh appoints Lorraine Stack as risk management leader, Europe
Lorraine Stack has been appointed as risk management leader, Europe. In her new role, she has overall responsibility for Marsh’s portfolio of its largest European clients and supporting them in…
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Energy
February 6, 2024
Energy casualty market to stabilise in 2024
The energy casualty market is expected to stabilise in 2024, with the rating environment plateauing and capacity remaining intact, according to London Market insurance broker Alesco Risk Management Services. In…
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ESG Regulation
February 6, 2024
German government may abstain on CSDDD vote, reports suggest
The German government may be planning to abstain on an upcoming vote on the EU’s draft corporate sustainability due diligence directive (CSDDD), according to media reports. Reuters said it has…
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CRE Insurance
February 6, 2024
Red Sea shipping attack claims likely to be low, says Moody’s
The risk of multiple losses from ships operating in the Red Sea is “low” and “remote”, according to analysis of the situation from Moody’s. Protection for commercial ships, at threat…
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Market
February 6, 2024
CNA’s profit jumps 77% in 2023 to record $1.21bn
CNA Financial’s net income jumped a whopping 77% last year to reach a record $1.21bn, as the insurer enjoyed average rate increases of 7% across the year and its commercial…
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CRE People Moves
February 6, 2024
Generali names new head of insurance for GC&C
Generali Global Corporate & Commercial (GC&C) has appointed Carlos Gomez head of insurance. He will also continue carrying out his previous role as head of GC&C Mediterranean and Latin America…
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Market
February 6, 2024
Howden posts another strong year of growth in 2023
Fast-growing European and global broker Howden has announced a 33% increase in revenue in 2023 to £2.4bn, up from £1.8bn in 2022, and a 30% increase in adjusted consolidated EBITDA…
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Market
February 6, 2024
Scor reports surge in alternative solutions business
French reinsurer Scor has posted exceptional growth in its Alternative Solutions business at year-end renewals, up 191.5% to reach €500m. The Alternative Solutions team, which focuses on the development of…
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GRM People Moves
February 6, 2024
Tysers appoints senior brokers to build out MEA and Asia business
Specialist insurance broker Tysers has appointed two senior brokers to its team in Dubai, enhancing its property & casualty, construction and engineering services to clients in the Middle East and…
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CRE Legal Regulation
February 6, 2024
UK brokers call for zero tax on cyber premiums
The British Insurance Brokers’ Association (BIBA) has called for cyber insurance to be exempt from Insurance Premium Tax (IPT) ahead of the Spring Budget to help boost demand among businesses.…
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CRE People Moves
February 6, 2024
Howden appoints new COO to board
Global broker Howden has appointed David Shalders as group chief operating officer. Shalders joins Howden from London Stock Exchange Group, where he was COO and head of integration. Shalders will…
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CRE Legal Regulation
February 6, 2024
EU reaches political agreement on management of AI risk
EU internal market commissioner Thierry Breton has revealed that member states have endorsed a political deal on its planned Artificial Intelligence (AI) Act after France reportedly backed down. Breton told…
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AXA XL
February 6, 2024
Corporate risk in an era of polycrisis
As risk managers and their insurer and broker partners gather in Deauville, France for the annual AMRAE conference, Julien Guénot, regional manager for southern Europe at AXA XL, discusses the…
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CRE Legal Regulation
February 6, 2024
Risk and insurance dominate Swiss political agenda in 2024
The Swiss electorate will vote on four issues at a federal level on 9 June, with two initiatives on health insurance premiums, a controversial post Covid-19 vaccination initiative and a…
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Market
February 5, 2024
Rate increases in Europe outpace global average in Q4: Marsh
Europe’s commercial insurance rates recorded an average spike of 4% in Q4 2023, according to broker Marsh, outpacing the global average of 2%. But rates in the UK were flat…
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ESG Insurance
February 5, 2024
World-first parametric protection for South Pacific coral reef system
A new parametric insurance policy that will help protect the coral reef system of the South Pacific Ocean’s volcano-formed Lau Group of islands has been put in place by WTW.…
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GRM People Moves
February 5, 2024
New heads of marine and energy at SiriusPoint
Specialty insurer and reinsurer SiriusPoint has appointed Chris Fenn as head of marine, London and John Hopper as head of energy. In addition, Victoria Hopgood has been appointed as senior…
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DACH
February 5, 2024
MRH Trowe completes four more German acquisitions
AnaCap, the London-based investment group that focuses on European mid-sized technology and services firms, has announced that its German industrial broking business MRH Trowe has completed four bolt-on acquisitions in…