Region
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North American buyers face hardening rates into 2024: WTW
North American insurance buyers continue to see rate increases across most lines, albeit primarily in the single digits, while the…
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UK exposed to millions in additional flood losses from climate change
The impact of climate change will add millions to the UK’s losses from flooding, according to a new study from…
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The Swedish Club offers cyber cover to P&I buyers
Protection and indemnity (P&I) mutual The Swedish Club will add cyber insurance to its offering to shipowner members from 1…
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Rate increases drive QBE’s Q3 premium growth
QBE said premium growth of 7% for the third quarter of 2023 to $17.4bn was driven by average renewal rate…
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Tokio Marine HCC boosts UK professional risks team
Tokio Marine HCC International said it wants to pursue further growth in the UK regional professional risks market on appointing…
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Allianz Commercial names new head of Germany and Switzerland
Allianz Commercial has appointed Michael Furtschegger to replace Hans-Jörg Mauthe as head of its operations in Germany and Switzerland. Mauthe,…
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EU and Canada sign disaster risk management partnership deal
The European Commission and Canada have agreed to enhance ties in civil protection and disaster risk management. During the recent…
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Positive outlook for Vietnam’s non-life insurance sector
Vietnam’s non-life insurance sector has seen premium growth in 2023 despite a slowdown in economic growth, and a new law…
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Stonegate settles Covid-BI case with insurers
UK-based hospitality group Stonegate has settled its disputed Covid-19-related business interruption (BI) claim with insurers ahead of its appeal, which…
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Ardonagh Specialty’s CEO joins Brokerslink board
Brokerslink has appointed Antony Erotocritou as a new board director representing London-based Ardonagh Specialty. Brokerslink said the move reinforces the…
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UK court rules human rights grounds for Niger Delta claims against Shell
Nigerian communities affected by polluted waters and land can proceed with human rights claims against oil and gas firm Shell…
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Dutch firm Rabobank fined €26.6m by EC for euro bond cartel
Dutch bank Rabobank has been fined €26.6m by the EC for participating in a cartel that fixed trading of euro-denominated…
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Australian insurance industry ramps up efforts to achieve net-zero emissions
The Insurance Council of Australia (ICA) has released an updated version of its climate change roadmap, outlining the industry's commitment…
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Risk management overload a top business risk in 2024, warns Control Risks
The never-ending spate of polycrisis and global tensions means that risk management overload has become one of the top five…
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Perils increases loss estimate from Italy’s May floods to €509m
Catastrophe data specialist Perils has increased its insured loss estimate for floods in the Emilia-Romagna region of Italy this May…
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Auditors urge companies to do more to tackle ESG supply chain risk
Businesses should do more to tackle climate hazards running through supply chains, says the Chartered Institute of Internal Auditors (CIIA).…
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Talanx completes Liberty Seguros deal in Brazil
Talanx has completed the acquisition of Liberty Seguros in Brazil from Liberty Mutual. Talanx said its proposed acquisitions of Liberty…
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Sustainability Directive big opportunity for risk managers but will require more resource, says rapporteur
The Corporate Sustainability Due Diligence Directive (CSDDD) will enable risk managers to get the attention of boards but will cost…
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Lloyd’s consults on supporting clients to net zero
Lloyd’s has launched a consultation among member firms on how it will insure customers as they transition to lower-carbon business…
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UK to follow French lead as government consults on new captive regime
The UK risk and insurance management community received good news from its government this week, which announced plans to deliver…