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ESG
April 16, 2024
Supporting net zero – is it enough?
The transition to net zero is a difficult but ultimately achievable goal, though it requires cooperation and support, not least from the insurance sector. Some insurers have been particular focused…
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ESG Analysis
April 16, 2024
SEC climate-related disclosure rules on hold
Once again, it seems, an ESG-related piece of legislation or regulation takes one step forward and two steps back. In an all-too-familiar scenario (take the Corporate Sustainability due Diligence Directive…
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ESG Partner Content
April 16, 2024
Keeping workers safe and productive in a warming world
Risk managers and their organisations need to start planning to keep workers safe and productive in a changing environment, according to John Shane, global head of casualty claims, Zurich Insurance…
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ESG Comment & Opinion
April 16, 2024
Some progress on decarbonisation trajectories of publicly listed companies
It would appear that more companies are setting science-based climate targets, emissions disclosures are growing, and Scope 3 emissions reporting is also increasing. This is according to the MSCI Net-Zero…
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ESG Insurance
April 16, 2024
New climate risk reporting service from HDI Global
HDI Global is launching a new climate risk reporting service to help clients meet their regulatory requirements. The service, provided by HDI Risk Consulting, enables companies to analyse physical climate…
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ESG
April 16, 2024
Climate campaigners take Portuguese state to appeals court
Climate action groups have launched an appeal to Portugal’s Supreme Court of Justice in the country’s first climate litigation case. Último Recurso, Quercus and NGO Sciaena said they are prepared…
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Spain/Portugal
April 16, 2024
Spain’s data privacy agency reports 43% rise in consumer complaints
Spain’s data privacy agency reports that complaints by consumers against companies and public entities reached a new record last year, resulting in almost €30m of fines. The volume of complaints…
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France
April 16, 2024
BHSI names new country manager for France
Berkshire Hathaway Specialty Insurance (BHSI) has extended the remit of Louis du Ché, country manager for Belgium, to include leading its French business. François-Xavier d’Huart was previously country manager for…
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People Moves
April 16, 2024
Chaucer appoints new CRO as James Wright becomes chief financial officer
Chaucer has appointed its chief risk officer (CRO), James Wright, as chief financial officer (CFO), with Werner Joubert taking on the risk management role. The changes come as Richard Milner…
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Employee Benefits
April 16, 2024
Record growth in 2023 for UK group risk market
The UK group risk market saw another record year of growth in 2023, with big increases in death benefits, long-term disability income (LTDI) and critical illness cover, according to Swiss…
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CRE Insurance
April 16, 2024
Specialty credit insurer Convergence set for launch
Plans for a new credit insurer, Convergence, that will initially target clients in Europe and North America have been unveiled by investor Beat Capital Partners. Beat Capital said the start-up…
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GRM People Moves
April 16, 2024
New global head of claims at WTW
Neil Harrison has been appointed as global head of claims at WTW. Harrison will focus on all aspects of WTW’s claims proposition, including aligning claims teams working with WTW’s specialist…
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Market
April 16, 2024
US rate increases accelerate a touch in Q1, says Ivans
US commercial insurance rate increases accelerated across most major lines of coverage during the first quarter, according to a report from Ivans Insurance Services. Property rates again increased the most,…
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Insurance
April 15, 2024
HDI Global turns focus on mid-market with dedicated and international offering
HDI Global is expanding its focus on mid-market clients with turnover between €20m and €500m by offering them improved domestic solutions and services, alongside international expertise. The insurer said it…
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Legal & Regulation
April 15, 2024
Fire safety manufacturer pays $750m to settle PFAS class action
Irish-headquartered US smart building firm Johnson Controls International's subsidiary Tyco will pay $750m to settle a class action alleging its products contaminated drinking water with per- and polyfluoroalkyl substances (P...…
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Cyber & Technology
April 15, 2024
US cyber rate rises fall again but CyberCube warns of public sector attacks in election year
Public sector bodies and government agencies are at an increased risk of cyberattack this year, with electoral infrastructure particular under threat, warns cyber risk analyst CyberCube in its Global Threat…
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Asia
April 15, 2024
Miller expands cargo offering in Asia Pacific
Miller, the London-based (re)insurance broker, has announced the appointment of Alberto Ferriolo, further strengthening its cargo capabilities in APAC. Alberto joins from Aon Netherlands, where he was an account manager…
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Cyber & Technology
April 15, 2024
First-ever cat bond issued for sustained cloud outage losses
New York-based MGA and Lloyd’s coverholder Parametrix and Hannover Re have launched and issued Cumulus Re, the first-ever catastrophe bond to cover losses arising from sustained cloud outage risk. Parametrix,…
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BI
April 15, 2024
New parametric flood product for US business interruption
A new sensor-enabled parametric flood insurance product to support business interruption coverage in the US has been launched by insurtech FloodFlash. The new product offers limits up to $5m per…
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North America
April 15, 2024
Negative outlook for US general liability sector, says Best
Worsening social inflation, medical expenses and litigation financing, which are leading to rising claims losses and legal costs, together with emerging classes of litigation exposure with the potential for large-scale…