CRE Insurance
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Funk hopes GVNW’s risk data launch will create ‘leaner’ industrial insurance in DACH
Leading independent German broker Funk says that it hopes the launch of the Open Risk Data Association (ORDA) – led…
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German insurers risk losing market share amid rate hikes: AM Best
Rate increases across Germany’s non-life sector have not kept pace with claims inflation, with some insurers now under pressure to…
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Arch appoints senior cyber underwriter to grow EU business
Arch has appointed Ezechiel Symenouh from Tokio Marine HCC as senior cyber underwriter in the EU, focusing on France, Benelux…
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Allianz formally scraps Income bid
Allianz has formally announced its decision to withdraw its pre-conditional voluntary cash general offer to acquire at least 51% of…
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GVNW leads formation of DACH industrial insurance exchange
The German risk and insurance management association GVNW has led the creation of the Open Risk Data Association (ORDA) –…
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Spain’s nat cat pool receives 225,330 claims from record-flood loss
Spain’s nat cat insurance pool believes losses from flooding in Valencia and other parts of the southeast at the end…
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Swiss Re raises targets for 2025 as insurance pricing ‘plateaus’
Swiss Re has set a net income target of more than $4.4bn for 2025 and a combined ratio of less…
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Marsh expects European cyber rates to continue softening next year
Cyber insurance prices for European buyers are expected to continue to fall into 2025, although they may start to moderate…
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Munich Re and ERGO target higher profit in 2025
Munich Re is targetting further growth in profit next year to €6bn, with its ERGO unit expected to add €900m…
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Mapfre Re launches first cat bond
Mapfre Re has launched its first ever cat bond, becoming the second European carrier this month to tap capital markets…
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Cyber consortium launches at Lloyd’s
US cybersecurity firm Hitrust Services has launched a cyber insurance consortium in collaboration with Lloyd’s of London. The shared risk…
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HDI Global names Schulte head of global marine
Dr Carsten Schulte has been appointed as HDI Global’s new global head of marine. Schulte was previously head of technical…
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Crowdstrike drives record-high cyber claims in Europe: Marsh
Cyber claims notifications in Europe are on track to set a new record in 2024, driven by the Crowdstrike outage…
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Aon and EBRD launch facility to ‘revitalise’ war risk market in Ukraine
Aon and the European Bank for Reconstruction and Development (EBRD) have launched an innovative war risk insurance facility to “revitalise”…
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BMS buys Spanish broker Rasher
Insurance broker BMS Group is buying Spanish firm Rasher and its Latin American subsidiaries in Colombia and Peru. Rasher specialises…
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Funk expands management team in push for further growth
Funk, the biggest owner-managed insurance broker and risk consultant in Germany and one of the leading brokerage houses in Europe,…
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Italy delays mandatory nat cat scheme
Italy has delayed new rules that will make it compulsory for companies to buy natural catastrophe cover, according to reports.…
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Generali upgraded by AM Best
An improvement in its balance sheet fundamentals has led to a ratings upgrade for Italian insurer Generali. Ratings agency AM…
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Generali tops industry fossil fuel policy ranking
Italian insurer Generali has topped Insure Our Future’s ranking of insurers’ fossil fuel underwriting plans. According to the climate change…
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Baloise offers board seat to Cevian partner Schuchna
Swiss insurer Baloise said it has offered Swedish activist investor Cevian Capital, its largest shareholder and driver for Baloise’s refocusing…