Region
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German climate group loses legal action against BMW
A Munich Court has dismissed a lawsuit against BMW brought by German climate campaigners Deutsche Umwelthilfe that alleged failure to…
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Brexit had minimal impact on capacity crunch: GDV
German risk managers have not suffered from a loss of capacity caused by an exodus of UK-based insurers because of…
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Earthquakes put Turkey’s insurance market under further strain
Devastating earthquakes in Turkey, which are reported to have killed at least 9,000 people, serve “another blow” to the local…
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Generali strengthens German leadership team and expands into cyber
Generali Global Corporate & Commercial (GC&C) has announced three strategic appointments that it says will strengthen its leadership team in…
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New capital creating more competition and choice for cyber buyers
New capital flowing into the cyber insurance market will increase competition and help meet growing demand, experts have told Commercial…
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US D&O rate decreases accelerate
The downturn in D&O liability rates in the US continues to accelerate, with Aon’s clients reporting a 17.8% adjusted decrease…
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Cost of devastating Turkey earthquakes expected to top $1bn
Powerful earthquakes in Turkey, near the border with Syria, are likely to cause over $1bn in economic damages and the…
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Marsh reported to US government over role in controversial East Africa pipeline
Human rights and environmental groups have filed a complaint to the US government alleging that Marsh has violated OECD guidelines…
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Insurance Europe urges focus on equalisation reserves in EC tax reform
Insurance Europe wants the EC to recognise equalisation provisions for tax purposes as it prepares to introduce BEFIT, a new…
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Aon names Penalva head of enterprise clients in EMEA
Aon has appointed Pedro Penalva as head of enterprise clients for the EMEA region. Penalva joined Aon in 2010 and…
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Mexico: hard market, inflation and growing global programmes
The Mexican insurance market is, like many other markets globally, facing a number of challenges, not least the difficult economic…
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French mid-sized companies struggle to find cover
Mid-sized companies in France struggled to find adequate coverage during their latest renewals but large risk buyers report an improvement…
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New CFO for Africa Specialty Risks as co-founder steps down
Africa Specialty Risks (ASR) has appointed Ciaran O’Donnell as chief financial officer. Bryan Howett, co-founder and CFO of ASR, has…
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CNA’s 2022 net income down 26%
CNA reported net income fell 26% last year to $894m despite a 9% increases in net written premiums to $8.66bn.…
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Hard cat market risks eroding value of insurance, warns leading broker
The hard property catastrophe risk transfer market is likely to further devalue corporate insurance and raise further questions about the…
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Ascot names Jonathan Zaffino CEO
Ascot has named Jonathan Zaffino as CEO following the retirement of Andrew Brooks, who will continue to serve as a…
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Moody’s downgrades SCOR after CEO replaced
Moody’s has downgraded the Insurance Financial Strength Rating (IFSR) of SCOR and its key operating entities to A1 from Aa3.…
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Coverage restrictions set to prolong tough marine hull market
Restrictive coverage and wordings are likely to cause problems for buyers in the hull market as rates stabilise, according to…
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D&O specialist MGA Rising Edge partners with insurtech
MGA Rising Edge and insurtech mea have formed a partnership that sees the MGA deploying mea ingestion, a digital processing…
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New political risk underwriter at IQUW
IQUW has expanded its political risk team with the appointment of Cindy Jiang as political risk underwriter to its specialty…