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ESG Insurance
April 25, 2024
Insurtech partners with USAID on climate adaptation programme
UK-based insurtech Blue Marble is to scale an innovative financial product in Kenya to strengthen the climate adaptation of coffee farmers connected to global supply chains. It has been made…
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ESG Climate Risk
April 25, 2024
ICEYE in data collaboration with Juniper Re on flood and wildfire
Satellite-powered disaster management solutions provider ICEYE has formed a new data collaboration with Juniper Re, the reinsurance broking arm of BRP Group. ICEYE said Juniper Re will leverage ICEYE’s flood…
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GRM People Moves
April 25, 2024
Senior appointments in Lockton’s crisis management team
Lockton has made two senior promotions within its crisis management team. Helen Sandford has been appointed head of special crime and Freddie Schlesinger has been appointed head of product recall…
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Market
April 25, 2024
European rates up overall but financial and cyber lines falling: Marsh
European insurance rates rose by a further 3% in the first quarter of 2024 across the board, but the softening in financial lines and cyber continued, according to Marsh’s latest…
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ESG
April 25, 2024
European Parliament approves regulation to tackle forced labour
The European Parliament has given its final approval to a new regulation that enables the EU to prohibit the sale, import and export of goods made using forced labour. Member…
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France
April 25, 2024
Absenteeism drops dramatically in France
The levels of absenteeism in French companies dropped sharply in 2023, especially among large corporations, new research shows. The survey, published by mutual insurer Malakoff Humanis, found out that 42%…
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GRM Insurance
April 25, 2024
New CEO of Davies’ multi-sector global consulting division
Pino Vallejo has been appointed as the new CEO of Davies’ multi-sector global consulting division, formerly known as Sionic. He has over 30 years’ senior executive leadership experience in financial…
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Cyber & Technology
April 25, 2024
Cyber cat consortium launched to help transfer systemic risk
Ariel Re and Hiscox Re & ILS have launched an “industry first” cyber catastrophe consortium to ultimately boost coverage in the primary insurance market. The CyberShock consortium is designed to…
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Africa
April 25, 2024
Climate change could spread malaria risk to new countries, warns International SOS
Climate change could see malaria cases in countries previously free of the disease, bringing new health risks for workers travelling overseas, according to health and security firm International SOS. Dr…
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Risk Management
April 25, 2024
Europe records 300% surge in farmer protests this year
Farmer protests have spiked 300% in Europe so far this year to 4,000 incidents, compared with a total of 1,000 for the whole of 2023, according to risk intelligence firm…
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Construction
April 25, 2024
London market to remain closed for construction SPPI cover
The London insurance market is unlikely to start offering single project professional indemnity (SPPI) cover for construction firms again anytime soon, and there needs to be a fundamental change in…
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Nordics
April 24, 2024
Swedish risk managers told to focus on flexibility rather than resilience
Swedish risk managers should prioritise flexibility over resilience to mitigate and manage increasingly unpredictable geopolitical risk, said Andreas von der Heide, CEO and co-founder of geopolitical consultancy Consilio Inte... Want…
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CRE Legal Regulation
April 24, 2024
European Parliament votes for ‘hard-fought compromise’ on CSDDD
MEPs have voted in favour of the Corporate Sustainability Due Diligence Directive (CSDDD), giving the final green light to rules requiring firms to prevent and mitigate negative impacts on human…
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Market
April 24, 2024
Rates fall in most regions during Q1 but rise in Europe and US: Marsh
Average commercial insurance rates fell in the UK, Asia, Canada and the Pacific during the first quarter of this year but rose 3% in both Europe and the US, with…
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Cyber & Technology
April 24, 2024
Major cyberattack would hike rates but insurers would ‘brush off’ losses: Lockton Re
A major cyber catastrophe event will inevitably see the return of rate increases for buyers although the insurance industry as a whole will likely “brush off” a scenario where losses…
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Market
April 24, 2024
Chubb says Q1 saw ‘best rates’ as it books $2bn profit
Chubb chairman and CEO Evan Greenberg said the group saw “the best rates and pricing” for more than a year in the first quarter of the year as it revealed…
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CRE Risk Management
April 24, 2024
Property risk and flood mapping platform expands to Europe
Geocoding and property intelligence expert Addresscloud has partnered with flood risk management firm JBA Risk management to map the flood risk of more than 280 million buildings across mainland Europe,…
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Marine
April 24, 2024
Baltimore bridge ship “unseaworthy”, claims city in lawsuit against owners
The city of Baltimore has filed a lawsuit against the operators of container ship Dali, which caused the collapse of the Francis Scott Key Bridge last month, alleging the ship…
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Construction
April 24, 2024
Early construction project engagement critical to mitigate climate risks
A panel during Commercial Risk’s Construction Risk Management Europe Conference urged construction companies to get technical experts involved much earlier in projects to help manage accelerating climate risks. Stuart Larg...…
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ESG Regulation
April 24, 2024
ISSB opens reporting projects on biodiversity and human capital
The International Sustainability Standards Board (ISSB), partner body to the International Accounting Standards Board (IASB) under the IFRS, has announced that it will commence projects to research disclosure about risks…