CRE Insurance
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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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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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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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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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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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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…
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North and Standard P&I clubs get approval for Feb merger
North and Standard Club have received formal approvals for their P&I merger that remains on schedule to take place next…
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Reinsurance market hardening to last through 2023, says AM Best
A flood of fresh capital is unlikely to enter the hardening reinsurance market any time soon because investors remain wary…
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European business calls for ‘realism’ on due diligence proposal
A group of leading European business organisations including BusinessEurope, Ecoda and Insurance Europe have joined forces to tell the EU…
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AXA XL reducing aviation war cover after Ukraine losses, say Reuters sources
AXA XL is reported to be reducing aviation war cover after heavy Ukraine-related losses, according to Reuters. Two underwriting and…
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German insurers agree to updated ESG guidance with greater focus on biodiversity
The German insurance association (GDV) has updated its sustainability guidance for members two years after it was first adopted, and…
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Europe’s risk managers need to act as EU ramps up cyber resilience rules
Europe’s risk managers will need to become more involved in their organisations’ cyber security strategies as the EC steps up…
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New leader of Marsh Specialty in Europe
Nilay Ozden has been appointed as leader of Marsh Specialty, Europe. Ozden will be responsible for delivering Marsh Specialty’s capabilities…
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Shipowners face average 5.8% rate increases under International Group of P&I Clubs renewal
The International Group of Protection & Indemnity Clubs (IG) has renewed its reinsurance programme for 2023/24 with a “small increase”…
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Airmic members say rate increases continue to slow with first signs of softening
Airmic said its latest member survey reveals continued “green shoots” for insurance buyers as rate increases slow and some risk…
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Sompo International opens first UK regional office
Sompo International has opened its first UK office outside of London as part of a strategy to grow the insurer’s…