Sarah Collins
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CRE Legal Regulation
Water companies face untreated sewage claim in English class action
A class action seeking damages for alleged unlawful discharges of untreated sewage and wastewater into England’s waterways has been filed…
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ESG
Howden study finds ESG performance should be rewarded in underwriting
A new study by Howden and Fidelis has found a correlation between ESG ratings and lower loss ratios, adding pressure…
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CRE Legal Regulation
EC failing to deliver SME-proofed regulatory regime, claim business groups
Rules introduced by the European Union to lighten the regulatory burden on small and medium-sized businesses are not being applied…
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RM News
Risk map reveals rising threats to business travel in 2023
Ukraine has entered the top five most dangerous countries to visit, after the outbreak of war increased its security risk…
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CRE Legal Regulation
EU to widen cybersecurity rules with NIS2 Directive
The EC has adopted the NIS2 Directive to strengthen cyber resilience across the EU and widen cybersecurity rules across the…
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CRE People Moves
DeNexus continues European growth with sales appointment
Cyber risk firm DeNexus has appointed Victor Aguilar Gutiérrez as vice-president of sales, as it expands its European offering. DeNexus…
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Geopolitical
WTW launches geopolitical research programme
WTW has launched a new research programme that will focus on the biggest drivers of geopolitical risk and what global…
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ESG
UK regulator moves ahead with ESG ratings code of conduct
UK regulator the Financial Conduct Authority (FCA) has said it will develop a code of conduct for issuers of ESG…
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Aviation
Marsh and Beazley cover first UK space rocket launch
Marsh has brokered insurance for the first space rocket to launch from UK soil, with Beazley carrying the risk. The…
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CRE People Moves
Descartes makes key hire as parametric interest grows
Louis Bollaert has joined fast-growing, Paris-based and parametric-focused managing general agent (MGA) Descartes Underwriting as chief revenue officer to expand…
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CRE Insurance
Zurich adopts three-year growth plan with discipline the key
Zurich has announced an ambitious new three-year plan for 2023-2025 that will deliver business operating profit post-tax return on equity…
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Aviation
BOC Aviation joins aircraft leasing firms suing insurers for Russian jet losses
Another aircraft leasing firm, BOC Aviation, has filed legal action against its insurers over the loss of aircraft stranded in…
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Climate Change
New climate risk data partnership GRII calls for more government support and innovation
Public-private partnership the Global Resilience Index Initiative (GRII) has met key milestones in the development of a new climate risk…
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Property
Sharp rise in US commercial property rates forecast for bad risks
Broker Woodruff Sawyer has forecast that US commercial property rates could rise 30% or more for the most challenged exposures…
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Association News
Tata Steel wins Rims’ global ERM award
Tata Steel has won the Rims 2022 ERM Global Award of Distinction after its risk management team helped the business…
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Legal & Regulation
S&P agrees to pay SEC $2.5m over conflict of interest
S&P Global Ratings will pay the US Securities and Exchange Commission (SEC) $2.5m to settle charges that it violated conflict-of-interest…
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Market
SCOR shifts emphasis back to reinsurance as reserves strengthened
French reinsurance giant SCOR has reported further strong growth in its specialty insurance business in its third-quarter results, but the…
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ESG
UN takes steps to end corporate greenwashing ‘sham’
The UN secretary general has slammed “rank deception” by many corporates over net-zero greenwashing and said this “sham” must end,…
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Climate Change
Marsh backs disaster risk reduction projects in UN’s Race to Resilience campaign
Marsh McLennan has given its backing to the UN’s Race to Resilience campaign, with direct support to some of the…
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CRE Risk Management
Artwork attacks raise risk management and insurance concerns
Recent protests in Europe by climate activists targeting high-value artworks are raising concerns among museums, lenders and their insurers. Museums…
