CRE Insurance
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Zurich cautious over financial lines and motor risks
Zurich is being cautious and keeping a “close eye” on financial lines business given the current soft market, with particular…
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MS Amlin appoints Clare Constable as chief claims officer
Lloyd’s insurer MS Amlin has promoted Clare Constable to chief claims officer from the start of next year. Constable, who…
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RSA exits UK personal lines to focus on specialty
RSA and its parent group, Intact Financial, has announced the sale of UK direct personal lines operations to fellow insurer…
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Premiums must adjust after record severe storm losses: Swiss Re
Insured losses from global natural catastrophes will exceed $100bn in 2023 for the fourth consecutive year, driven by record costs…
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European legal and litigation landscape set for ‘greatest systemic shift’, warns Zurich
Zurich has warned that the European legal landscape is set to see the “greatest systemic shift” over the next few…
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Charles Taylor acquires UK aviation loss adjuster Leading Edge Assist
Charles Taylor has acquired UK aviation loss adjuster Leading Edge Assist, led by Hugh Thacker. LEA serves all aspects of…
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Howden accelerates Swiss growth with Haakon buy
Howden has acquired Swiss reinsurance broker Haakon, furthering its expansion in Switzerland after acquiring three brokers in the country in…
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Storm Babet-Aline to cost insurers €509m, estimates Perils
Insured losses from storm Babet-Aline, which caused high winds and flooding in the UK and northwestern Europe in October, have…
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Insurance Europe ‘disappointed’ by EC progress on cutting reporting burden
Insurance Europe has criticised the European Commission for falling short on commitments to reduce the reporting burden on European companies…
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New A&H Lloyd’s insurer launched
Insurance industry investor Beat Capital Partners has launched a new accident and health (A&H) underwriter, RedRiff Agency Ltd. Peter Wilkins…
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McLarens forms alliance with Turkish loss adjuster
McLarens has formed a strategic alliance with Turkish firm Demeks Loss Adjusting to provide domestic and international clients with claims…
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CFC top officers to step down following Lloyd’s investigation
CFC Underwriting said two of its top officers will be stepping down and has named a new CEO, following the…
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Spanish insurers to strengthen profits in 2024 after rate hikes, says Fitch
Spain’s non-life insurers are expected to report improved profits in 2024 following higher rates and a boost to investment returns,…
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Mixed primary market outlook for 2024: Zurich
Zurich has painted a mixed picture for European insurance buyers next year with some areas, such as marine, stabilising, and…
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NorthStandard launches ‘first’ marine cover for bad weather delays
P&I club NorthStandard said it has introduced the first ever marine strike and delay cover for adverse weather to protect…
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Airmic welcomes consultation on new UK captive regime
UK risk and insurance management association Airmic has welcomed its government’s plans to create a new onshore captive-friendly regime, and…
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Fitch improves outlook on French market to neutral
Fitch has revised its outlook on the French non-life insurance sector to neutral from deteriorating because it believes “strong” pricing…
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Lockton expands Norwegian team as part of Nordic expansion
Lockton has appointed Christen Thorbjørnsen, Harry Nilsen, Nikolai Jørgensen and former insurance manager Sigbjørn Larsen to its energy, renewables and…
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Anra members need insurers to up game on emerging risks, says president
The Italian commercial insurance market is reaching “equilibrium” after recent hardening, but members of the country’s risk management association Anra…
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Companies must prepare for more extreme weather
The floods in Emilia-Romagna underlined the importance of preparation when faced with extreme weather emergencies. This summer Europe was again…