Sarah Collins
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CRE Insurance
Hannover Re posts P&C growth in H1
German reinsurer Hannover Re has posted better-than-expected H1 results, thanks to the growth of its property and casualty (P&C) reinsurance…
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CRE Insurance
Property rates up 5% in Europe in Q1, outpacing global average: Swiss Re
Rates for commercial property risks in continental Europe increased by 5% in Q1 2024, rising higher than the global average,…
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Climate Change
Europe turns to more nat cat PPPs as risk mounts: Morningstar DBRS
Risk pools and state-backed reinsurers to cover losses caused by natural catastrophes could become more widespread in Europe as the…
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Benelux
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…
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CRE People Moves
Howden appoints new COO to board
Global broker Howden has appointed David Shalders as group chief operating officer. Shalders joins Howden from London Stock Exchange Group,…
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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…