Cosimi takes over the reins at Anra from De Felice

Cosimi takes over the reins at Anra from De Felice

Cosimi takes over the reins at Anra from De Felice

Italian risk and insurance management association Anra held its annual member Assembly yesterday and elected a new board of directors under the leadership of new president Carlo Cosimi, head of insurance and risk financing at Saipem, the Italian multinational oilfield services company. Mr Cosimi steps up from his role as Anra vice-president to replace Alessandro De Felice, chief risk officer at…

Irish regulator probes Facebook over GDPR breach as users’ data published online

Irish regulator probes Facebook over GDPR breach as users’ data published online

Irish regulator probes Facebook over GDPR breach as users’ data published online

Ireland’s Data Protection Commission (DPC) is investigating Facebook for breach of Europe’s GDPR, following reports that the personal data of 533 million accounts recently appeared online for free. Designated as Facebook’s lead regulator in the EU, the DPC said it believes “one or more” GDPR rules may have been infringed after details including phone numbers, dates of birth and other…

Decision delayed as Aon and WTW offer concessions to get deal past EC

Decision delayed as Aon and WTW offer concessions to get deal past EC

Decision delayed as Aon and WTW offer concessions to get deal past EC

Aon and Willis Towers Watson (WTW) have offered concessions to gain EC antitrust approval for their proposed deal, with a decision from authorities now pushed back by two months as a result. An EC filing shows that “commitments” were received from the two brokers on 9 April and the EC has now restarted the clock on its probe into the…

Ferma concerned by lack of progress on European pandemic solution

Ferma concerned by lack of progress on European pandemic solution

Ferma concerned by lack of progress on European pandemic solution

The Federation of European Risk Management Associations (Ferma) is worried that efforts to establish pandemic pools appear to have lost momentum across Europe, and reiterated calls for a “risk-based” pan-European public-private partnership (PPP) for systemic business interruption (BI) risks. Ferma’s president has also called on the insurance industry to do more to help create a solution. Acknowledging the need to…

Treading carefully – cross-border litigation after Brexit

Treading carefully – cross-border litigation after Brexit

Treading carefully – cross-border litigation after Brexit

The transition period has ended and, in theory at least, Brexit is now complete. This should mean there is clarity where future UK-EU relations are concerned. Why, then, are litigators left scratching their heads? Here, we identify three areas of continuing uncertainty where parties should tread with care. When the Brexit trade deal was unveiled at the end of December,…

CRE Italia arrives

CRE Italia arrives

CRE Italia arrives

Welcome to the first issue of CRE Italia, the latest of our regular monthly national newsletters dedicated to the information needs of our risk and insurance management readership across Europe. Commercial Risk Europe was launched back in 2010 to provide the whole European risk and insurance management community with a dedicated information source, to help it do a better job…

Ferma’s first sustainability guide finds gaps in risk management progress

Ferma’s first sustainability guide finds gaps in risk management progress

Ferma’s first sustainability guide finds gaps in risk management progress

European risk managers are at very different stages of embedding sustainability risks into ERM frameworks but will soon face political and regulatory pressure to better manage these risks, according to Ferma’s first sustainability guide for European businesses. Chair of the association’s sustainability committee, Valentina Paduana, said sustainability “should now be front and centre of everyone’s mind”. Ferma’s guide says that…

EU and UK on brink of signing regulatory deal for financial services

EU and UK on brink of signing regulatory deal for financial services

EU and UK on brink of signing regulatory deal for financial services

An agreement that could secure trade in financial services between Europe and the UK is imminent, after the two sides closed discussions on the text of a memorandum of understanding (MoU) on regulatory cooperation in the sector. The UK Treasury said the MoU “creates the framework for voluntary regulatory cooperation in financial services” following the UK’s departure from the EU.…

German insurance managers will have to ‘box clever’ with tax reform

German insurance managers will have to ‘box clever’ with tax reform

German insurance managers will have to ‘box clever’ with tax reform

It seems unlikely currently that the German tax authorities will bow to pressure from representative bodies of the entire German insurance community to amend, or at least clarify, its recently passed controversial Insurance Tax Law Reform (VersStG) to prevent German companies with insured overseas operations paying tax twice – at home and overseas. The German insurance management association (the GVNW)…

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