CRE Insurance
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October 24, 2023
Thurston replaces King as CEO of Marsh’s large UK client business
Marsh has promoted Beth Thurston to CEO of its UK risk management unit, which focuses on the largest and most…
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October 24, 2023
Demand remains high for cyber cover despite market tightening: Munich Re
Munich Re estimates that the premium volume for cyber insurance in Europe, the second-largest cyber market after North America, amounted…
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October 24, 2023
Strong primary business persuades Talanx to boost profit outlook
Talanx Group, parent of HDI Global and Hannnover Re, expects to report net income of more than €1.25bn for the…
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October 24, 2023
Munich Re increases 2023 profit estimate
Munich Re has raised its annual profit guidance to €4.5bn, up 12.5% from its previous estimate, as major loss totals…
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October 23, 2023
Nat cats, inflation and civil unrest all suggest tough reinsurance renewal ahead
Munich Re says that the “unprecedented” series of natural catastrophe losses exceeding the €1bn mark will be the focus of…
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October 23, 2023
Fears ransomware losses could reverse cyber market softening
A big jump in ransomware attacks is likely to slow softening in the cyber insurance market and potentially lead to…
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October 23, 2023
AXA XL joins research hub to tackle systemic risks
AXA XL and the AXA Research Fund have joined a research hub set up by the Cambridge Centre for Risk…
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October 20, 2023
Global insured cat losses 17% above average in first three quarters: Aon
Global insured losses from natural disaster events in the first three quarters of this year reached at least $88bn, higher…
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October 19, 2023
Guffanti leaves Aon to become head of Europe at Lockton
Broker Lockton has appointed Andrea Guffanti to the newly created role of head of continental Europe. Guffanti joins Lockton from…
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October 19, 2023
Chubb appoints country president for Benelux
Chubb has named Jeroen den Tex as country president for Benelux, responsible for the region’s property and casualty, accident and…
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October 19, 2023
Lloyd’s insurers targeted in latest climate protests
Environmental protestors took their campaign to the offices of several Lloyd’s and London market insurers yesterday, calling on them to…
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October 19, 2023
Underwriters and brokers urged to focus on supply chain cyber risks
Supply chain risks have been identified as an increasingly important issue within the cyber insurance market in a new report…
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October 18, 2023
Arch expands cyber business in Spain and Portugal
Arch Insurance has announced the appointments of Jose Carlos Jiménez Fernández and Rafael Ortiz Losada as senior cyber underwriters in…
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October 18, 2023
Sompo hires head of distribution for new French office
Sompo International has followed up its recent announcement of plans to set up a new French operation and appointment of…
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October 17, 2023
Risk managers call for standardisation in cyber insurance
The European cyber insurance market must embrace standardisation if it wants to truly mature, agreed risk managers and other experts…
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October 17, 2023
AXA XL warns over unsustainable D&O pricing and says European cyber market needs to ‘catch-up’
The big price swings in D&O insurance suggest that the market isn’t functioning properly and needs to show more discipline…
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October 17, 2023
Paduano calls on insurers to boost help on transition and sustainability risks
Valentina Paduano, Ferma board member and chairwoman of its Sustainability Committee, has called on the insurance industry to step up…
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October 17, 2023
Sompo International set for further expansion and growth in Europe
Sompo International will continue its recent expansion across continental Europe over the next 12 to 24 months and aims to…
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October 17, 2023
Pool Re renews reinsurance contract with Guy Carpenter
UK terrorism reinsurer Pool Re has renewed its reinsurance broking contract with Guy Carpenter as it prepares to undergo “the…
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October 17, 2023
Zurich names Fritz CEO of Nordic operations
Zurich has appointed Mattias Fritz as CEO of Zurich Nordic, taking over the role from Dirk De Nil, as Zurich…