Region
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Italy benefits from rebound in global trade
The year 2021 is playing witness to an increase in the value and volume of global trade, yet still hampered…
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Reinsurers underestimate nat cat risk by up to 50%, warns S&P
Reinsurers could be underestimating their exposure to natural catastrophes by as much as 50% because of climate change, warns S&P…
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Lower capital charges under Solvency II reforms will boost insurers’ ESG investment, says Fitch
The EC’s proposals to lower Solvency II capital requirements for certain long-term investments, in particular renewable energy projects and sustainable…
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Auto sector hit by $210bn in lost revenue from mounting supply chain disruptions, says AlixPartners
Supply chain disruption caused by the worldwide shortage of semiconductors is estimated to cost the global automotive sector $210bn in…
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Political violence covers in Latin America see growing restrictions
Global companies are finding it ever harder to buy coverages for political violence in Latin America, after a spate of…
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Airmic names six new board members
UK risk management association Airmic has named six new board members under the stewardship of recently appointed chair Claire Combes.…
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RMS says Hurricane Nicholas losses will range between $1.1bn and $2.2bn
RMS estimates that US insured losses from Hurricane Nicholas will be between $1.1bn and $2.2bn. The figures includes wind, storm…
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IPT compliance guide from Sovos highlights changing regulatory landscape
An insurance premium tax (IPT) guide for insurers has been launched by tax compliance firm Sovos. It focuses on IPT…
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Charles Taylor launches specialty lines practice
Insurance services and claims firm Charles Taylor has launched a specialty lines practice, which will be led by Laetitia Fouquet…
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Wagstaff appointed permanent CEO of LMG
The London Market Group (LMG) has named Caroline Wagstaff as its permanent CEO, after she took over on a temporary…
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US D&O increases moderating but SPAC IPOs causing concern
Most US companies continue to experience increases in total cost and retention on their D&O programmes in 2021, but the…
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EC aims to release insurance capital as it announces Solvency II reform
The EC has proposed changes to Solvency II that it claims will better protect insurance buyers while freeing up €90bn…
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Hurricane Ida pushes The Hanover over Q3 cat budget
Hurricane Ida losses have pushed The Hanover Insurance Group beyond its catastrophe allowance for the third quarter. The US group…
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MGA Volante to launch Lloyd’s syndicate in next stage of growth
MGA Volante Capital Holdings has received in-principle approval for a new Lloyd’s syndicate to open for the 2022 year of…
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Finalists announced for European Risk Management Awards 2021
Ferma and Commercial Risk have announced the finalists for this year’s European Risk Management Awards, with the winners to be…
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US federal judge refuses to dismiss restaurant chain’s BI Covid-19 suit
A federal US judge who had already ruled in favour of plaintiffs in at least two Covid-19 business interruption lawsuits…
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EU targets energy and agriculture to cut methane emissions in new pledge with US
European risk managers at companies within sectors that emit significant levels of methane, from oil and gas to agriculture, face…
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Cost of UK D&O cover more than doubled in H1 but rises may have peaked: Marsh
UK buyers of D&O liability insurance faced a 110% jump in the cost of premiums during the first half of…
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Record number of containerships queue at California ports as supply chain disruption deepens
A record number of containerships are waiting to enter California’s Los Angeles and Long Beach ports, which have implemented new…
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First-half earnings for US P&C insurers show material improvement, says Fitch
US property and casualty (P&C) insurers saw their statutory earnings materially improve in the first half of 2021, according to…