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France
November 29, 2023
Fitch improves outlook on French market to neutral
Fitch has revised its outlook on the French non-life insurance sector to neutral from deteriorating because it believes “strong” pricing and underwriting actions will mitigate claims inflation to support margins.…
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People Moves
November 29, 2023
Lockton expands Norwegian team as part of Nordic expansion
Lockton has appointed Christen Thorbjørnsen, Harry Nilsen, Nikolai Jørgensen and former insurance manager Sigbjørn Larsen to its energy, renewables and property divisions in Norway. The broker said the appointments are…
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Market
November 29, 2023
Anra members need insurers to up game on emerging risks, says president
The Italian commercial insurance market is reaching “equilibrium” after recent hardening, but members of the country’s risk management association Anra are still struggling to get capacity in some key lines…
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ESG
November 29, 2023
Firms urged to embrace innovation to turn EU’s ESG rules into competitive advantage
European companies can turn the raft of EU ESG regulations into a competitive advantage rather than a disadvantage by focusing on innovation and embracing the transition, Italian risk and insurance…
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CRE Insurance
November 29, 2023
Companies must prepare for more extreme weather
The floods in Emilia-Romagna underlined the importance of preparation when faced with extreme weather emergencies. This summer Europe was again hit by extreme weather. In May, the wealthy region of…
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ESG
November 29, 2023
Climate and net-zero disclosure falling short, finds EY
Disclosures about climate risk and how corporates will meet net-zero targets are “falling short”, says EY in its latest Global Climate Risk Barometer. While 47% of surveyed companies have set…
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Cyber & Technology
November 29, 2023
UK legal sector faces surge in cyberattacks
Law firms in the UK have suffered a spike in cyber risk over the past two months as the sector faces a surge in business email compromise (BEC) attacks, warns…
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Insurance
November 29, 2023
PPPs the way forward as society and insurers face up to huge risks: Huertas
Rising to the complex challenges presented by climate change, AI, cyber risk and social changes will need a more collaborative effort and public-private partnerships (PPPs) on a scale not seen…
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ESG
November 29, 2023
Munich Re hopes Global Shield picks up momentum at COP28
Munich Re hopes COP28 will spur real action on the Global Shield Against Climate Risks initiative that was originally launched in November 2022 but has seen little progress so far.…
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Market
November 29, 2023
US insurance prices rise in Q3 but pace slows
US commercial insurance premiums rose 8.1% on average in the third quarter, with property rates continuing to surge, according to the latest report from the Council of Insurance Agents &…
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Cyber & Technology
November 29, 2023
UK and US agencies release joint AI cybersecurity guidelines
The UK’s National Cyber Security Center (NSCS) and the US Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) have released joint guidelines to help developers make informed cybersecurity...…
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ESG
November 29, 2023
Time for risk managers to step up to the plate on ESG risks, says Anra
Corporate sustainability is now a matter of “how” not “if” and must be fully incorporated into risk frameworks to manage the threats and maximise the opportunities, said leading members of…
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North America
November 28, 2023
North American buyers face hardening rates into 2024: WTW
North American insurance buyers continue to see rate increases across most lines, albeit primarily in the single digits, while the property market remains “relatively hard”, WTW says in its Insurance…
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CRE Risk Management
November 28, 2023
UK exposed to millions in additional flood losses from climate change
The impact of climate change will add millions to the UK’s losses from flooding, according to a new study from Moody’s RMS and Flood Re, a joint initiative from the…
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ESG
November 28, 2023
Cost of electronic vehicle repair wiping out sustainability gains
High cost of repair is resulting in too many electric vehicles being written off, eroding any sustainability benefits, warns vehicle risk specialist Thatcham Research and fleet motor insurer QBE. Many…
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CRE Insurance
November 28, 2023
The Swedish Club offers cyber cover to P&I buyers
Protection and indemnity (P&I) mutual The Swedish Club will add cyber insurance to its offering to shipowner members from 1 January 2024. The Swedish Club said buyers of its P&I…
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Market
November 28, 2023
Rate increases drive QBE’s Q3 premium growth
QBE said premium growth of 7% for the third quarter of 2023 to $17.4bn was driven by average renewal rate increases across the group of 9.6%, with growth excluding rate…
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CRE People Moves
November 28, 2023
Tokio Marine HCC boosts UK professional risks team
Tokio Marine HCC International said it wants to pursue further growth in the UK regional professional risks market on appointing three new underwriters alongside moving to a new office in…
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CRE People Moves
November 28, 2023
Allianz Commercial names new head of Germany and Switzerland
Allianz Commercial has appointed Michael Furtschegger to replace Hans-Jörg Mauthe as head of its operations in Germany and Switzerland. Mauthe, who has worked at the Allianz Group for more than…
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CRE Risk Management
November 28, 2023
EU and Canada sign disaster risk management partnership deal
The European Commission and Canada have agreed to enhance ties in civil protection and disaster risk management. During the recent EU-Canada Summit, Commission President Ursula von der Leyen and Prime…