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CRE Risk Management
February 20, 2024
Risk managers warned generative AI is a threat to all businesses
All risk professionals should consider the threats of generative AI to their business, warned a panel webinar hosted by Commercial Risk. Jonathan Shehan, technology and transformation risk manager at UK…
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CRE Legal Regulation
February 20, 2024
EU adopts rules to protect against false green claims
The European Council has adopted a directive designed to protect consumers against greenwashing claims, including carbon offsetting, and empower consumers for the green transition. The directive also clarifies the liability…
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Middle East
February 20, 2024
Insurance industry in Bahrain forecast to grow
Estimates are that Bahrain's insurance market will reach $0.8bn in 2028, registering a CAGR of 2.6% from 2023-2028, according to UAE-based investment banking advisory firm Alpen Capital, in its latest…
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CRE People Moves
February 20, 2024
Lloyd’s appoints Schrader general counsel
Lloyd’s has confirmed Claire Schrader will be appointed as general counsel on a permanent basis, after taking up the role managing Lloyd’s legal risks on an interim basis in August…
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CRE Insurance
February 20, 2024
Rate increases in Europe will need to rise above inflation, Moody’s warns
Europe’s property/casualty insurers will need to “push through” further rate increases to balance increases in claims costs, according to Moody’s. In a sector report, Moody’s says persistent claims inflation and…
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Cyber & Technology
February 20, 2024
Cyber gang LockBit taken down by crime agencies
One of the world’s most active cyber gangs, LockBit, claims it has been taken down by a coalition of crime agencies from 11 countries. Posting a message on its website,…
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CRE Insurance
February 20, 2024
QBE UK narrows gender and ethnicity pay gaps
QBE UK said its gender pay gap narrowed to 21.9% in 2023 from 24.7% in 2022 and from 32.8% when the firm started reporting in 2017. QBE said the gap…
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CRE Risk Management
February 20, 2024
UK business leaders fear rising fraud and financial crime
UK business leaders are worried that worsening economic conditions are driving up financial crime and putting vulnerable customers at risk, according to a new survey from the Institute of Business…
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Podcasts
February 19, 2024
Multinational insights with AIG
Listen to AIG deputy general counsel David Halperin address key considerations related to compliance, contract certainty, cross-border claims handling, different approaches to placements, as well as a few specific topics…
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ESG Comment & Opinion
February 19, 2024
Supply chain accountability – legislation or not
So have we seen the last of the EU’s Corporate Sustainability Due Diligence Directive (CSDDD), or will it, as some have suggested, reappear shortly? It could fall foul of European…
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ESG Analysis
February 19, 2024
Managing ESG risks in supply chains
The delay to the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) does not mean that environmental and human rights due diligence in supply chains is no longer an issue. Supply…
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ESG Analysis
February 19, 2024
How sustainability and climate risks are changing business travel
ESG Risk Review spoke to Mike Rogers, chief security analyst, International SOS, about how sustainability and climate risks are changing business travel and how there has been a shift in…
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ESG Insurance
February 19, 2024
Analytics service to help UK insurers better assess ESG risk
A new service from credit information provider CRIF will enable UK insurers to assess the ESG profile of their UK and EU-based suppliers, partners and customer portfolio. The new data…
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GRM Captives
February 19, 2024
Gibraltar moving ahead with captive regime proposals
The Gibraltar government is pushing ahead with proposals for a captive regime in partnership with the UK. The territory has launched a government working group for captive insurance regime implementation,…
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Property
February 19, 2024
Property insurance market conditions stabilise as competition increases
Global property insurance market conditions remain favourable for insurers, with continued growth expected in 2024, according to Beazley, noting that the market is in a much better place overall than…
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Market
February 19, 2024
Rate increases drive QBE to 131% profit growth
QBE’s net profit jumped 131% to $1.36bn in 2023 after pushing through rate increases averaging 9.7% across the business, compared with 7.9% the year before. Gross premiums recorded 10% growth…
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ESG
February 19, 2024
European firms must verify green claims before marketing, says parliament
The European Parliament’s Internal Market and Environment committees have adopted their position on rules governing how firms can validate their environmental marketing claims. The so-called Green Claims Directive compleme... Want…
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Cyber & Technology
February 19, 2024
German insurers issue new model cyber conditions
The German Insurance Industry Association (GDV) has revised its non-binding model conditions for cyber insurance to take into account the shift to home working and introduction of the General Data…
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Cyber & Technology
February 19, 2024
Cyberattacks up 36% at ‘vulnerable’ UK law firms
Cyberattacks against UK law firms surged by 36% in the past year, according to London market insurer Chaucer, which said the law sector has become a growing target for attackers.…
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Captives
February 19, 2024
Oklahoma sees number of captives grow by a third
Oklahoma licensed 20 new captive insurers in 2023 as the risk transfer vehicles grew increasingly popular in the hard market, bringing the total number in the US domicile to 59.…