CRE Insurance
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Liberty Specialty Markets and Baobab launch e-crime cover
Liberty Specialty Markets (LSM) said it will provide capacity for a new e-crime insurance product for small and medium-sized firms…
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Insurers face €619m loss from Storm Éowyn
The insurance industry is expected to face losses of €619m from storm Éowyn, the windstorm that wreaked havoc across Ireland…
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Allianz Trade launches fraud insurance in Ireland
Allianz’s trade credit insurer Allianz Trade has launched a standalone business fraud insurance service for the Irish market. Aimed at…
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AXA XL strikes cybersecurity partnership
AXA XL has partnered with cybersecurity firm Darkweb IQ in a bid to improve clients’ cybersecurity practices. According to the…
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Réunion Island cyclone to cost insurers up to €200m: CCR
France’s Caisse Centrale de Réassurance (CCR) said it estimates losses from last month’s cyclone in Réunion Island, a French department…
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Zurich expands middle-market footprint, flags potential tariff impacts
Zurich Insurance Group has expanded its offices across the US to 30 from 13 as it doubles down on its…
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Mapfre Re plans cyber expansion
Mapfre Re is targeting growth in cyber insurance after agreeing a three-year deal to licence CyberCube’s products, including a tool…
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WTW updates hailstorm model with NASA satellite data
WTW will update and improve its hailstorm models after extending its partnership with the Germany's Karlsruhe Institute of Technology (KIT)…
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Helvetia’s earnings up 42% in 2024
Swiss insurer Helvetia booked 42% growth in underlying earnings to CHF 529m (€552.7m) in 2024, driven by property and casualty…
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Gallagher acquires Finnish broker
Gallagher has acquired Finnish broker Finib OY, as it increases its footprint in the Nordics. Finib serves more than 10,000…
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Scor’s net income tumbles 99.5% in 2024 despite Q4 gain
Scor reported a 43% gain in Q4 net income to €233m but the reinsurer’s full-year net income tumbled 99.5% to…
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Italy’s delayed mandatory nat cat cover law to start on 31 March
Delayed legislation requiring Italian companies to buy natural catastrophe cover has now been published in the Official Journal of the…
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Talanx invests in Austria’s solar and wind energy expansion
Talanx is investing in the expansion of solar and wind energy capacity in Austria’s largest renewable energy project finance transaction.…
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Insurers reject Eiopa’s blueprint for EU-wide property risk tool
Europe’s insurers have rejected proposals for an EU-wide risk awareness and prevention tool, arguing that a ‘one-size-fits-all’ approach is not…
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Specialty MGA UK moves into political risk market
Specialty MGA UK has launched into the political risk market with the appointment of Amir Hussain as head of political…
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Beazley reports property rate rises slow to 1.3% in 2024
Beazley has posted a second consecutive year of record pre-tax profit, up 13% to $1.42bn for 2024, as rates moderated…
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Marsh acquires Italian broker
Italy-based insurance broker Fontana Rava-Toscano & Partners (FRT) has been acquired by Marsh as part of the global broker’s Italian…
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MGA Optio Group expands into Scandinavia with Norwegian acquisition
Specialty UK-based MGA Optio Group has expanded into Scandinavia with the acquisition of Norwegian-based MGA S Insurance AS for an…
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German insurers add support for EC’s CSRD and CSDDD cuts
German insurers have welcomed the proposal to remove small and medium-sized companies from the scope of the Corporate Sustainability Reporting…
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Flood Re announces new CEO
UK reinsurance pool Flood Re has appointed Perry Thomas as its new CEO to succeed Stuart Logue, who has led…