CRE Insurance
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HDI Global’s financial strength rating upgraded
Credit ratings firm S&P Global Ratings has upgraded the financial strength rating of Germany-based industrial insurer HDI Global by one…
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IUA launches London market construction and engineering group
The International Underwriting Association (IUA) has announced a new London market committee for construction and engineering claims professionals. The group…
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Mapfre Global Risks reports record results for 2024
Spanish insurer Mapfre has reported record high results for its Global Risks and reinsurance operations, which combined under the Mapfre…
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HDI survey reveals 42% increase in German SME cyberattacks
Cyberattacks against German SMEs increased 42% in the past 12 months, according to a survey by German insurer HDI Versicherung.…
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Buyers told to prepare for ‘probing’ AI questions at renewal
Insurers are likely to ask more probing questions about artificial intelligence (AI) at future renewals as underwriters seek to better…
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Data will play critical role in keeping French flood risk insurable
More effort must be made to ensure good quality flood data flows between insurers, companies and homeowners if the risk…
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Pool Re and UK government agree new retro terms
State-backed terrorism reinsurer Pool Re and the UK government have agreed a new retrocession agreement from 1 April, which they…
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UK nat cat property bill hits record high in 2024
UK insurers paid a record £535m for nat cat damage claims to homes in 2024, up by 31% on 2023,…
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Airmic urges government to create graded UK captive regulatory regime
Airmic has told a government consultation that it wants a class-based or graded regulatory regime for captives in the UK,…
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UK flood defences prevent £2bn in property damage each year
Flood defences prevent more than £2bn in flood-related damages each year to properties in the UK, according to new research…
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Generali investor Caltagirone reportedly mulls another attempt to oust CEO
Italian billionaire and Generali investor Francesco Gaetano Caltagirone could resurrect an attempt to challenge Philippe Donnet’s position as CEO of…
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More aircraft lessors settle Russia war risk claims in Ireland
Irish aircraft lessor Avolon and Singapore-based firm BOC Aviation have both settled lawsuits against insurers that denied claims following the…
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Valencia floods – a lesson in business interruption
As annual Amrae conference comes to a close, Guillaume Beauhaire, key account manager at Belfor France, talks about the lessons…
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Reward for risk management and LTAs back on the table, say French buyers
French insurance buyers have told Commercial Risk Europe that they are starting to be rewarded for risk management efforts as…
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CCR estimates Brittany storm loss at up to €160m
French state-backed nat cat reinsurer Caisse Centrale de Réassurance (CCR) said insured losses from a series of storms in Brittany…
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Positive outlook for French insurance buyers, says Marsh’s Domange
The outlook for the large risks insurance market in France is positive as Amrae members gather for their annual rencontres…
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Talanx set to deliver 25% net income growth in 2024
German-based insurance group Talanx, which includes HDI and Hannover Re, expects to book a 25% rise in net income to…
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Nat cat regime hampering flood resilience in France, experts say
The reliance on an efficient nat cat insurance regime may have hampered the development of flood resilience in France, according…
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Amrae puts insurance sector on trial for crimes against insurability
Are insurers guilty for the uninsurabilty of risks linked to climate change? French risk managers believe that is indeed the…
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French risk managers use deductibles despite softening terms: QBE’s Leroy
Even in a softening market, deductibles are here to stay and are unlikely to go down, the head of a…