GDPR has created regulatory patchwork in Europe: Beazley

GDPR has created regulatory patchwork in Europe: Beazley

GDPR has created regulatory patchwork in Europe: Beazley

Europe’s data protection regulators have shown wide differences in General Data Protection Regulation (GDPR) fines and been inconsistent in dealing with cyber incidents, according to analysis from Beazley. In its latest Breach Insights article, Beazley says there has been little consistency so far even though the same rules apply across Europe. Beazley notes that although GDPR regulatory activity has picked up,…

Germany will account for around half of €1.1bn to €1.9bn Ciara/Sabine loss

Germany will account for around half of €1.1bn to €1.9bn Ciara/Sabine loss

Germany will account for around half of €1.1bn to €1.9bn Ciara/Sabine loss

Insured losses from Europe’s Storm Ciara/Sabine are estimated to total between €1.1bn and €1.9bn, with claims in Germany likely to account for half the total loss. RMS said the storm will costs insurers between €1.1bn and €1.8bn, with around 50% hitting Germany. The estimate is in line with the €1.1bn to €1.9bn forecast by AIR last week. Germany’s insurance association…

European Storm Ciara losses in €1.1bn to €1.9bn range, estimates AIR

European Storm Ciara losses in €1.1bn to €1.9bn range, estimates AIR

European Storm Ciara losses in €1.1bn to €1.9bn range, estimates AIR

The first insured loss estimate for European Storm Ciara/Sabine from AIR Worldwide ranges between €1.1bn and €1.9bn, with the majority falling in the UK, France and Germany. The storm also affected a wide area of mainland Europe including the Netherlands, Poland, Belgium, the Czech Republic, Slovenia, Sweden, Denmark and Norway, where it was named Elsa. It caused wind damage and…

All eyes on 1 April renewals following year-end hardening

All eyes on 1 April renewals following year-end hardening

All eyes on 1 April renewals following year-end hardening

Year-end insurance renewals were challenging for many European buyers as the market hardening accelerated in the last few weeks of 2019, according to brokers and leading risk managers. Tough conditions are expected to continue through 2020, but there is hope that things will begin to settle down and the rate of change will slow. Latest figures from Marsh show that…

Willis Towers Watson appoints head of Benelux business

Willis Towers Watson appoints head of Benelux business

Willis Towers Watson appoints head of Benelux business

Willis Towers Watson (WTW) has appointed Angel Hoover as head of its Benelux operations. Based in the Netherlands, Ms Hoover has worked for WTW for 12 years, most recently as joint leader of talent and reward for western Europe. Joris Wonders, who previously shared the role with Ms Hoover, has been appointed sole head of talent and reward for western…

Ransomware attack brings down production at Belgian firm Picanol

Ransomware attack brings down production at Belgian firm Picanol

Ransomware attack brings down production at Belgian firm Picanol

Global operations of Belgian textile technology company Picanol have been brought to a standstill following a ransomware attack, and the firm said it will not be able to manufacture any products, largely weaving machines, for at least this week. Picanol said the attack has caused serious disruption to its operations in Ypres, Romania and China. In a statement posted on…

Aegon’s coal exclusion investment list grows to more than 100

Aegon’s coal exclusion investment list grows to more than 100

Aegon’s coal exclusion investment list grows to more than 100

Dutch insurer Aegon has added its weight to the anti-coal investment movement, announcing that it will expand its environmentally-driven approach and place all new investments in businesses that accelerate the transition to a low-carbon economy. From 1 January, Aegon ceased investments in firms that own more than 10 gigawatts of coal-fired electricity generation capacity with plans to expand operations. It…

Belgian data protection supervisor fines SME without any formal complaint lodged

Belgian data protection supervisor fines SME without any formal complaint lodged

Belgian data protection supervisor fines SME without any formal complaint lodged

The Belgian Supervisory Authority (SA), the independent public authority that supervises the application of European data protection law through investigative and corrective powers, has imposed a fine of €15,000 on an SME operating a legal information website, reportedly without receiving any formal complaint. The action by the SA (each EU nation now has an SA created to provide expert advice…

Landmark Dutch ruling that government must protect citizens from climate change could be first of many

Landmark Dutch ruling that government must protect citizens from climate change could be first of many

Landmark Dutch ruling that government must protect citizens from climate change could be first of many

A landmark ruling by the Netherlands Supreme Court that its government must reduce greenhouse gas emissions to protect its citizens from climate change could see similar action taken in other countries around the world, as pressure is ramped up on the public sphere and private companies to address the issue. The Dutch supreme court upheld a 2015 ruling from the…

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