Sarah Collins
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Legal & Regulation
November 3, 2022
Retail pharmacies settle opioid lawsuits for $13.8bn
A group of high street pharmacies in the US have agreed to pay $13.8bn to settle opioid lawsuits brought by…
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CRE Insurance
November 3, 2022
PIB buys Dutch broker Risqwise as it targets European expansion
Specialty broker PIB Group is expanding in the Netherlands through the acquisition of Dutch firm Risqwise for an undisclosed fee.…
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CRE Insurance
November 3, 2022
Ascot resumes Ukraine grain corridor cover after Russia returns to Black Sea Treaty
Lloyd’s insurer Ascot confirmed to Reuters that it has resumed quoting for shipments using the Ukraine grain corridor after Russia…
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ESG
November 3, 2022
Fitch warns ESG factors for insurers will leave some buyers without cover
Some commercial buyers as well as households could be left without cover as weather-related risks become more expensive and the…
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Market
November 3, 2022
Continued hard Nordic market bolsters Sampo growth
The hard commercial and industrial insurance market continues across the Nordic region and supported strong growth numbers for Sampo’s core…
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Cyber & Technology
October 28, 2022
Zurich settles cyber coverage dispute with Mondelez
Zurich Insurance has settled its cyber insurance coverage dispute with US confectionary company Mondelez, which owns the Cadbury and Oreo…
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Market
October 28, 2022
Hyperinflation drags on Mapfre’s nine-month earnings
Spanish insurer Mapfre reported net earnings of €488.4bn for the first nine months of 2022, down almost 7%, as the…
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Property
October 28, 2022
Chaucer brings fresh cat capacity to US corporates through parametric partnership
Chaucer has partnered with K2 Parametric to bring more capacity to mid-sized corporates for hurricane and earthquake damage in the…
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BI
October 28, 2022
Weak risk management exposed Australia’s BI insurers to Covid-19 losses: APRA
Australia’s commercial insurers “took their eye off the ball” in writing business interruption (BI) policies that could have exposed them…
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Market
October 27, 2022
Everest Re, Axis Capital and Arch Capital report Q3 results hit by hurricane Ian
Exposure to hurricane Ian has driven Everest Re and Axis Capital to third-quarter losses while a third Bermudan reinsurer, Arch…
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North America
October 27, 2022
US rate hikes predicted for most lines of coverage
The property insurance market will remain tight for the rest of the year and will get even more challenging for…
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CRE Insurance
October 27, 2022
Aegon sells Dutch operations to ASR in €4.9bn cash-and-shares deal
Aegon has agreed to sell its Dutch insurance and banking operations to ASR for €2.5bn in cash and a 29.99%…
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CRE People Moves
October 27, 2022
Helvetia looks for new CEO as Gmür prepares to step down
Philipp Gmür, CEO of Swiss insurer Helvetia Group, has announced he will step down in mid-2023 after seven years in…
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CRE Legal Regulation
October 21, 2022
MS Amlin fined £9.7m for risk management breaches
MS Amlin Underwriting (MSAU) has been fined almost £10m for risk management and governance failings during a five-year period to…
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M&A
October 21, 2022
Berkshire Hathaway completes $11.6bn deal to acquire Alleghany
Berkshire Hathaway has completed its acquisition of Alleghany Corp for $11.6bn. First announced in March, Alleghany becomes a wholly-owned subsidiary…
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Brokers
October 21, 2022
Marsh McLennan reports revenue growth, sees rate hikes ahead
Reinsurance and primary commercial property insurance buyers will likely see significant rate hikes at upcoming renewals, executives at Marsh &…
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CRE People Moves
October 20, 2022
Blunck to succeed Jeworrek at Munich Re
Munich Re has announced that Thomas Blunck is to succeed Torsten Jeworrek as the head of its non-life reinsurance operations.…
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CRE Insurance
October 20, 2022
Munich Re warns ‘bleak’ economic outlook for Europe will drive pricing
Munich Re said the outlook for Europe’s economies has become “bleaker” in the past few weeks, as it warned insurers…
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CRE Insurance
October 20, 2022
Year 2022 set to record $100bn+ insured loss from natural disasters: Aon
Global natural disasters in the first nine months of 2022 will cost insurers $99bn, according to Aon’s Impact Forecasting, with…
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CRE Insurance
October 20, 2022
Compre buys Covéa’s Irish medmal unit
Bermuda-headquartered legacy group Compre has agreed to buy the Irish subsidiary of Covéa, Medical Insurance Company DAC (MIC). The subsidiary…