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Cyber & Technology
January 15, 2024
Soft US cyber insurance market to see shift to higher premiums in 2024
While the US cyber insurance market dramatically shifted from 2022 to 2023 to a soft market, underwriters believe there will be a shift toward higher premiums in 2024 amid growing…
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Supply Chain
January 15, 2024
Companies not learning supply chain lessons as shipping disruption becomes the norm
Companies need to plan for repeated supply chains disruption as climate change and geopolitical threats increasingly affect critical shipping and trade routes, business continuity specialist Fusion Risk Management has told…
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Association News
January 15, 2024
Ferma launches new international survey, website and logo
Ferma has started the new year by launching its first international risk manager survey, updating its website and revamping its logo. The federation of European risk manager associations has expanded…
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Geopolitical
January 15, 2024
Marsh holds talks with Ukraine over aviation transport cover and further cooperation
The Ukraine is working with Marsh McLennan and its consultancy Oliver Wyman to develop a transformation strategy for the country amid its continuing war with Russia, including discussions over securing…
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ESG Comment & Opinion
January 15, 2024
Short-term negative outlook for the world – and only going to get worse
If anyone is in any doubt about the importance of ESG, and in particular, sustainability, then the World Economic Forum’s Global Risks Report 2024 is surely required reading. On first…
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Executive & D&O
January 15, 2024
Directors to face range of threats in 2024
Directors are predicted to face a range of threats in 2024, including litigation over insufficient climate change action, regulatory enforcement actions over generative AI, increased cyber exposure, and rising geopolitical…
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GRM People Moves
January 15, 2024
New class underwriter for energy and liability at Dale
Andrew Carter has been appointed as class underwriter, energy and liability insurance at Dale Underwriting Partners (DUP), the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729. Carter will…
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Legal & Regulation
January 15, 2024
EC opens enquiry into AI market competition
The European Commission has launched an inquiry into market competition in virtual worlds and generative AI, and sent requests for information to several large digital players. The move from the…
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Cyber & Technology
January 15, 2024
Europe leads global cybersecurity as new benchmark warns of third party risk
Europe scores as the highest rated region for cybersecurity in a new cyber resilience monitor published by risk management analyst SecurityScorecard, which finds a strong correlation between a country’s GDP…
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People Moves
January 15, 2024
HDI Global names new director for property in UK and Ireland
HDI Global has appointed Kate Sutcliffe from Sompo International as director for property in the UK and Ireland. She takes over from Jon Bartlett, who retired at the end of…
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DACH
January 15, 2024
IT service providers first line of defence for smaller German firms
Small German companies are heavily reliant on IT service providers to help them with cybersecurity, while medium-sized firms are more likely to use specialist cybersecurity consultants, according to research carried…
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DACH
January 15, 2024
German insurers call for state action on flood prevention
Germany is still planning, building and renovating as if climate change is not happening, with flood risk rising fast as a result, and mandatory insurance is not the answer, according…
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Captives
January 12, 2024
Amrae expects French-based captive boom in 2024
French risk management association Amrae expects the number of captives domiciled in France to grow significantly this year, going from the 14 currently in place to 25 or even 30…
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Supply Chain
January 12, 2024
Supply chain delays from Red Sea shipping crisis halts Tesla production in Germany
US electric car manufacturer Tesla will suspend production at a German plant for two weeks because of delays to the delivery of components caught up in the Red Sea shipping…
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GRM Captives
January 12, 2024
Vermont sees captive growth in 2023, and more in 2024
Vermont licensed a total of 38 new captive insurance companies in 2023, making it now home to 659 licensed captives, consisting of 632 active and 27 dormant captives. The growth…
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Market
January 12, 2024
Moody’s RMS estimates Japan quake losses up to $6bn
Moody’s RMS estimates that insured losses from the earthquake that struck the Noto Peninsula in Japan on 1 January will range between $3bn and $6bn. The figure covers damage to…
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Supply Chain
January 12, 2024
Supply chain disruption spreads to air freight after Boeing 737 blowout
Experts have warned that supply chains using air freight may be impacted by the recent grounding of Boeing 737 Max 9 aircraft in the US, which can carry up to…
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Legal & Regulation
January 12, 2024
Renewables manufacturers risk denial of coverage for subcontractors’ errors, lawyers warn
Renewables manufacturers and contractors have been warned that their insurance coverage is at risk if they fail to ensure sub-contractors fulfil their duties. The warning follows a legal case in…
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ESG Analysis
January 12, 2024
VinciWorks highlights top compliance trends in 2024
Top compliance trends in 2024, according to VinciWorks, include sanctions on terrorist financing coming back into vogue, the growing risk of neurodiversity discrimination, a continuing crackdown on financial crime, and…
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Asia
January 12, 2024
Generali to become 100% shareholder of its Chinese P&C joint venture
Generali is to acquire the remaining 51% of Generali China Insurance (GCI) for around €99m. This follows a public auction process initiated by CNPC Capital. The completion of the transaction…