Europe
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German insurers demand clarity on DORA
The German insurance association (GDV) has called for more clarity over the EU’s Digital Operational Resilience Act (DORA), which must…
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CCR Re completes rebrand to Arundo Re
French reinsurer CCR Re has rebranded as Arundo Re, in a move that it says “marks a new chapter” following…
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Parent company risk could see captives miss out on proportionality under DORA
European captives hoping to benefit from proportionality measures under the EU’s Digital Operational Resilience Act (DORA), which goes live today,…
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Europe plans cyber threat alert for health sector by 2026
Europe has unveiled plans for an EU-wide cybersecurity centre specifically for hospitals and the healthcare sector, one of the most…
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Europe has weakest growth outlook for third consecutive year: WEF
More than half (56%) of the world’s leading chief economists expect the global economy to weaken in 2025, while just…
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Reinsurance rates fall for loss-free accounts as supply-demand shifts
The end-of-year reinsurance renewals were broadly down globally as expanded capital coupled with an increased appetite to take on risk…
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PIB bolsters German market presence with Hendriks hire
Fast-growing private equity-backed UK broker PIB Group has appointed German market veteran Michael Hendriks as chief commercial officer in Europe.…
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Decade of interconnected crises ahead, warns WEF
Extreme weather events and geopolitical instability top the risks of most concern in this year’s World Economic Forum (WEF) Global…
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PFAS study puts costs of clean-up in Europe at €2trn
The cost of cleaning up PFAS contamination in Europe has been calculated as at least €95bn over 20 years, according…
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Swiss Re proposes new directors ahead of AGM
Swiss Re has put forward two candidates for election to the board at its forthcoming annual general meeting. Morten Hübbe…
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BHSI France recruits Le Gall to head casualty
Berkshire Hathaway Specialty Insurance (BHSI) has appointed Bertrand Le Gall as head of casualty in France. Le Gall joins BHSI…
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Majority of employees plan to move job in 2025: Aon
As many as 60% of employees are planning to change jobs in 2025, amid widespread dissatisfaction with their current employers,…
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Climate change hits record high in Allianz Barometer but cyber risk retains top spot
Cyber, business interruption (BI) and nat cats remain the three most-feared global business risks in the latest Allianz Barometer, but…
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Wefox transfers run-off portfolio to Darag
European legacy acquirer Darag has bought a portfolio of run-off business from Wefox Insurance as the insurtech seeks to close…
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UK considering ransom payment ban for public sector cyberattacks
Public sector bodies and critical national infrastructure in the UK could be banned from making ransom payments to cyber hackers…
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Ferma reiterates call for EU nat cat and cyber pools
European risk management association Ferma is calling on EU legislators to help organisations prepare for supply shocks, further explore proposals…
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Consultant Horváth partners with flood scientists JBA Risk Management
A new partnership to meet rising demand for sustainability reporting has been formed by Stuttgart-based management consultant Horváth and UK-based…
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Financial firms and IT providers warned to act fast on DORA
Partners at international law firm Faegre Drinker have urged risk and compliance leaders at European financial institutions, including insurers, to…
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Over half of UK businesses have faced lithium-ion battery incident
More than half of UK businesses have experienced an issue linked to lithium-ion batteries, such as sparking, fires and explosions,…
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New renewable energy underwriter at MGA Volt
London-based Volt Underwriting, a Lloyd’s approved coverholder focused on the energy transition sector, has appointed Tom Nooth-Cooper as a renewable…