Sarah Collins
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CRE People Moves
Swiss Re proposes two new board members for AGM
Swiss Re’s board of directors will nominate two new members, Vanessa Lau and Pia Tischhauser, at the group’s annual general…
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Geopolitical
Geopolitical risks and cost of living threaten productivity in 2023: International SOS
Organisations have been put into ‘perma-crisis’ mode with global risks from geopolitics to the cost of living threatening productivity going…
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Emerging Risks
Crypto insurer Relm sets aside reserves for FTX collapse
Crypto insurer Relm has said it is assessing its full exposure to the collapse of cryptocurrency exchange FTX. As well…
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CRE Insurance
Fitch follows S&P with Scor downgrade
Fitch has become the second major ratings agency to downgrade the financial strength rating of Scor, citing “continued weak financial…
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BI
US court rules in musical’s favour against Chubb in Covid-19 case
A Broadway musical production about entertainer Tina Turner that was cancelled because of Covid-19 is entitled to coverage from a…
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Property
Autumn Australia flood losses pegged at A$791m: PERILS
Insured losses from flooding in southeast Australia in October could cost A$791m ($531m), according to an initial estimate from catastrophe…
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Executive & D&O
Miller launches broader D&O cover for UK construction sector
Specialist broker Miller has launched D&O insurance for the UK construction sector, which it said will “plug the gaps” in…
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M&A
Fusion Specialty and io.insure launch online M&A insurance for SMEs
Managing general agent Fusion Specialty has launched Mio, a global online merger and acquisition (M&A) insurance with io.insure. Fusion said…
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Climate Change
Zurich’s climate charity rolls out urban resilience programme to ten countries
Zurich Insurance Group’s Z Zurich Foundation said it will scale-up its efforts to combat climate change with the launch of…
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Cyber & Technology
Inflation will wipe out cybersecurity budget increases: survey
Cyber budgets will effectively be cut for UK organisations after the impact of inflation, warns a new report from cybersecurity…
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BI
Insurers narrowly avoided ‘catastrophic’ Covid-19 BI losses: DBRS Morningstar
Buyers are likely to see tighter policy wordings and the promise of greater contract certainty following high-profile legal challenges to…
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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…