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Cyber & Technology
October 17, 2023
One third of UK employees pose cyber risk: QBE survey
One third of employees have made mistakes that threaten the cyber security of their company, according to QBE Europe. In a survey of 2,000 UK workers conducted by Opinium, QBE…
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ESG Insurance
October 17, 2023
Oka receives Lloyd’s ‘in principle’ approval for carbon credit risk syndicate
A new syndicate offering an insurance solution specifically designed to protect against buyer-side carbon credit risks, including financial, reputational, regulatory, and climate risks, has been granted ‘in principle’ approva... Want…
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Cyber & Technology
October 17, 2023
Supply chain ransomware attacks overtake phishing
Cyberattacks against third-party vendors have overtaken phishing to become the lead point of failure in cybersecurity, according to US cyber risk insurer Resilience. Third-party vendor incidents accounted for 28.9% of…
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Property
October 17, 2023
Augment Risk Services launches global parametric specialty division
Augment Risk Services has launched its global parametric specialty division for index-based risk transfer. The parametric specialty division will initially focus on assisting captives, insurers, reinsurers and insurance-li... Want to…
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CRE People Moves
October 17, 2023
Zurich names Fritz CEO of Nordic operations
Zurich has appointed Mattias Fritz as CEO of Zurich Nordic, taking over the role from Dirk De Nil, as Zurich aims to “drive further growth” in the Nordic region. Fritz,…
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People Moves
October 17, 2023
Aon names head of commercial risk in North America
Aon has named Brian Wanat head of its commercial risk solutions business for North America. He succeeds Joe Peiser, who was named CEO of commercial risk solutions, its main commercial…
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Brokers
October 17, 2023
New global chief claims officer at WTW
Rob Powell has been appointed as global chief claims officer at WTW. Powell will join WTW in early 2024 and will focus on WTW’s end-to-end claims proposition, including aligning claims…
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Insurance
October 17, 2023
Best ranking shows big names dominate European insurance
Europe’s top ten-ranked insurance companies remain unchanged in 2022, according to AM Best, adding that big names dominate the European insurance landscape. Best’s ranking of the largest 30 European non-life…
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Association News
October 17, 2023
Hedemark takes Ferma baton from Wegener
Charlotte Hedemark officially took over as Ferma president last night during a ceremony at the federation’s seminar in Antwerp, Belgium. The handover took place on the same evening that Adriana…
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Association News
October 17, 2023
Adriana Cavaliere wins European Risk Manager of the Year
Adriana Cavaliere, senior manager of risk at Belgium’s air traffic control skeyes, has won Risk Manager of the Year at the European Risk Management Awards held by Ferma and Commercial…
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Association News
October 16, 2023
CEOs back Ferma’s call for more strategic role
Risk management needs to shift up a gear to help inform strategic decision making and partner with business leaders to keep their focus on key risks and longer-term issues, agreed…
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Market
October 16, 2023
European buyers face small price rises but stable year-end renewal
Insurers are predicting a much more stable year-end renewal for European firms but they expect rating to remain healthy and increase further for several key risks as they tackle higher…
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ESG
October 16, 2023
Ferma urges risk managers to act on sustainability directives
Risk managers must now help their organisations prepare for upcoming EU regulations on sustainability reporting and environmental and human rights due diligence within value chains, the Federation of European Risk…
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People Moves
October 16, 2023
Swerma’s Rodert promoted to group captive and insurance director
Karl-Johan Rodert, president of Swerma and the Swedish representative on Ferma’s European Captive Committee, has been promoted to captive and insurance group director at Autoliv, the US-domiciled, Swedish-headquartered automo... Want…
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Risk Management
October 16, 2023
Risk managers must embrace risk quantification
Risk managers will have to embrace quantitative techniques and modelling if they want to take on a more strategic role within their companies, concluded a panel of chief risk officers…
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Insurance Analysis & Opinion
October 16, 2023
Companies must prepare for more extreme weather
Europe has again been hit by extreme weather events this summer. Two floods stood out in the stream of droughts, thunder storms and of heavy rains. Slovenia made the news…
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ESG Comment & Opinion
October 16, 2023
UK’s new approach to net zero but commitments remain
It was inevitable that a backlash of some sort against green measures, net zero, and the like would be seen, especially given the current economic climate. In the US it…
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CRE Insurance
October 16, 2023
Howden launches innovation hub with £500m capacity for new risks
Broker Howden has launched an insurance innovation hub with £500m of delegated underwriting capacity that it says will fast-track the development of insurance solutions for new and emerging risks. Subject…
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Association News
October 16, 2023
Ferma says crises demand shift to ‘fully fledged’ risk leaders
Ferma’s incoming president told Commercial Risk Europe that the increasingly volatile risk landscape demands risk managers finally become fully-fledged risk leaders within their organisation to influence and support strategic... Want…
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CRE Legal Regulation
October 16, 2023
Equifax fined £11m in UK for 2017 cyberattack
Credit reference agency Equifax has been fined £11m by the UK’s financial regulator for failing to keep the data of its UK consumers secure when its US parent company was…