Europe
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Ferma lobbies EU council to prioritise cyber and sustainability risk transfer
Ferma has called on the Swedish presidency of the Council of the EU to focus on closing insurance protection gaps…
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Rousseau replaced as SCOR CEO following poor Q3 results
Thierry Léger, group chief underwriting officer at Swiss Re, is replacing Laurent Rousseau as CEO of SCOR after the Paris-based…
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Marsh posts ‘outstanding’ 2022 result on the back of hard market
John Doyle, president and CEO of Marsh McLennan, described 2022 as an “outstanding year” for the group, which reported net…
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Gallagher expects further rate increases as it reports revenue growth
Primary insurance rates will likely increase further in 2023 as the effect of higher year-end reinsurance costs filter through to…
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Higher reinsurance costs likely to reaccelerate primary rate increases
The hardening reinsurance market at 1 January could well “reaccelerate” price increases for commercial property and specialty insurance buyers, market…
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New head of captives in APAC and Europe at AXA XL
Marine Charbonnier has been appointed as head of captives and facultative underwriting, APAC & Europe at AXA XL Insurance. She…
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Insured losses of $132bn from naturals disasters in 2022
Insured losses from natural disasters amounted to $132bn in 2022, the fifth costliest year on record for insurers, according to Aon’s…
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Lockton opens Swedish office
Lockton is opening a new office in Stockholm, Sweden as it looks to expand in the Nordic region. The broker…
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QBE restructures trade credit senior leadership in Europe
Seb Rice has been appointed commercial head, trade credit at QBE Europe. The move follows a restructuring of the insurer’s…
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Kraus takes over from Mahnke as head of insurance at Siemens
Holger Kraus takes over as head of insurance at Munich-based multinational Siemens on 1 February, where he will replace Alexander…
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Miller splits into international and UK divisions
Miller has reorganised its business into two divisions, Miller UK and Miller International, as part of a strategic re-alignment. Miller International…
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Action groups step up greenwashing efforts as directive hits EU parliament
Members of the ENVI Committee in the European Parliament have rejected a crucial amendment on carbon offsetting in the draft…
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BIBA calls on FCA to lower record-high regulatory costs on UK brokers
UK broking association BIBA has called on the country’s financial regulator to lower the sector’s regulatory burden as it revealed…
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New EMEA CEO at Swiss Re Corporate Solutions as Kleiterp leaves for Beazley
Swiss Re Corporate Solutions’ EMEA CEO Fred Kleiterp has left his role to become European general manager at Beazley, and…
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Liberty Mutual’s Global Risk Solutions appoints head of sustainability
Denise Delaney has been appointed as head of sustainability for Liberty Mutual Insurance’s Global Risk Solutions (GRS) division. According to…
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New UK country manager for Berkshire Hathaway Specialty Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has appointed Nick Major as country manager, BHSI UK. Major joins BHSI from Aviva and…
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Zurich launches new climate change adaptation and mitigation service
Zurich and climate solutions experts South Pole are teaming up to offer a new service that will help clients get…
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Swiss risk managers face up to new ESG reporting rules
Switzerland risk managers at firms regulated by the Swiss Financial Market Supervisory Authority (Finma) must get up to speed on…
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Lloyd’s updates cyber war clauses
The Lloyd’s Market Association (LMA) has released updated cyber war and cyber operation clauses. The updated clauses meet Lloyd’s market…
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Pool Re in discussions to extend remit to cyber risk: report
Pool Re has held talks with its government to extend the UK terrorism backstop’s remit to cover state-sponsored and war-related…