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Analysis & Opinion
May 13, 2024
Singapore Parliament agrees to upgrade Cyber Security Agency’s powers
A bill that seriously upgrades and extends the powers of the Cyber Security Agency (CSA) of Singapore and introduces new civil powers for the agency has been passed by the…
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Employee Benefits
May 10, 2024
Healthcare and flexible/hybrid working most valued benefits
Healthcare and flexible/hybrid working are the most valuable benefits for multinational companies’ employee value propositions, while ESG and diversity, equity and inclusion (DE&I) continue to be important considerations ... Want…
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Cyber & Technology
May 10, 2024
Global data breaches double in 2023 driven by extortion and third-party software attacks
The number of data breaches doubled in 2023, according to technology firm Verizon Business, reaching a record-high of 10,626 across 94 countries. Ransomware and extortion accounted for 32% of all…
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Liability
May 10, 2024
Social inflation set to continue driving US liability rates: AM Best
Social inflation has pushed losses for multiple US casualty lines above economic inflation, with the trend set to continue and ultimately drive rates higher for liability risks, according to AM…
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GRM Captives
May 10, 2024
Zurich appoints Adriana Scherzinger group head of captives
Adriana Scherzinger will take up the role of group head of captives for Zurich Insurance Group, effective 1 September. Scherzinger, who is currently head of alternative risk solutions, US national…
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ESG Other News
May 10, 2024
Marsh McLennan achieves ‘Autism Confidence’ status
Marsh McLennan has become the first UK employer to achieve Ambitious about Autism’s new ‘Autism Confidence’ status. Marsh McLennan said it underlines its commitment to inclusive recruitment and improving the…
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GRM Insurance
May 10, 2024
New management liability policy from digital MGA Aurora
Aurora, a UK-based digital commercial insurance platform, has launched its second specialist offering – a management liability policy – in partnership with AXA. The product is split into three sections…
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Association News
May 10, 2024
Anra elects Fraire as new president
Italian risk and insurance management association Anra has named Gabriella Fraire, insurance manager at Prysmian, as its new president. Fraire takes over from Carlo Cosimi, who is head of group…
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Market
May 10, 2024
Rate hikes slow for most US lines in April
Commercial insurance rates continued to rise for all major US lines except workers’ compensation last month, but the pace of increases eased for most coverages, according to a report from…
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Market
May 10, 2024
Liberty Mutual’s Q1 profit rebounds to $1.5bn
Liberty Mutual’s first-quarter net income rebounded to $1.54bn, compared with a $74m net loss for the same period last year. Liberty Mutual president and CEO Tim Sweeney attributed the performance…
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M&A
May 10, 2024
WTW says transactional risk market still firmly in buyers’ favour and predicts cautious approach to M&As
The market for transactional risk insurance is still heavily favouring buyers, with rates well below historical averages as the number of mergers & acquisitions (M&A) decline, according to WTW. It…
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Asia
May 9, 2024
Positive news for Asian risk managers as softening continues: Aon
Aon has reported that the moderating insurance market conditions that emerged for most lines of property and casualty insurance across Asia during 2023 continued into the first quarter of 2024.…
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GRM Tax & Compliance
May 9, 2024
Establishing a captive insurer – IPT compliance considerations
Compliance is a key priority in the establishment of any company. Although insurance premium tax (IPT), and other indirect taxes applicable to insurance contracts or premiums, are only one of…
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CRA Insurance
May 9, 2024
Supply chains warned of further disruption and costs as Red Sea risk zone widened
Danish shipping firm Maersk has warned that supply chains face further disruption amid longer journey times and extra costs for ships re-routed around the Cape of Good Hope to avoid…
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Cyber & Technology
May 9, 2024
Howden’s data analysis finds insurers should be taking on more cyber risk
New research from Howden concludes that data indicates the insurance industry could, and should, bear more cyber risk that it currently takes on. The report says a more “nuanced” approach…
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Analysis & Opinion
May 9, 2024
Asian investors urge action on nature-related risk
Asia Pacific’s (APAC) economies are particularly vulnerable to nature-related risks, including biodiversity loss, pollution and fresh water availability, according to data recently released by the Asia Investor Group on Clima...…
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CRE Legal Regulation
May 9, 2024
Belgian mutuals say Europe is ‘relegating’ climate in new legislative programme
A group of Belgian mutuals has accused Europe’s legislators of “relegating” climate, the environment and health issues to the backburner in its next programme of legislative reforms following elections in…
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Analysis & Opinion
May 9, 2024
Asian risk managers must turn focus to due diligence
Asian risk and insurance managers will increasingly find themselves subject to similar corporate sustainability reporting and due diligence standards as their peers in Europe and the US, as leading regional…
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CRE Risk Management
May 9, 2024
Europe’s disaster risk efforts ‘significant’, says UN office
Gaps and challenges in Europe’s disaster risk reduction (DRR) strategies still remain across member states, according to the latest update of the Sendai Framework for Disaster Risk Reduction by the…
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Benelux
May 9, 2024
Rates stay flat in Q1 for EMEA buyers but climb in Italy, Iberia and the Netherlands
Rates across the EMEA region averaged flat in the first quarter of 2024, according to Aon, although Italy, Iberia, the Netherlands and South Africa saw moderate rate increases of between…