CRE Insurance
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Shipowners Club bucks P&I renewal rate hike trend
Protection and indemnity (P&I) insurer the Shipowners Club said it will not increase rates for 2025 at renewal in February,…
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German cyber MGA Cogitanda reportedly files for insolvency
German risk managers will be concerned to hear that cyber MGA Cogitanda has reportedly informed its shareholders this week that…
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Allianz Commercial names new head of large UK cyber business
Allianz Commercial has appointed Delvin Tillett as its new head of cyber for large corporate business in the UK. He…
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Captives no magic wand for French risk managers
French companies considering setting up captives as an alternative for risks in which insurers have shown little, if any, appetite,…
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P&I clubs NorthStandard and Noord Nederlandsche sign partnership
UK-based protection & indemnity club NorthStandard has formally partnered with Noord Nederlandsche P&I Club (NNPC) in an arrangement that will…
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Vienna Insurance avoids storm Boris dent to profit
Vienna Insurance Group said it expects to close 2024 near the top of its profit range of between €825m and…
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French firms share captive benefits as interest grows
French risk managers have stressed that their captives offer a range of benefits from boosting risk prevention and spreading the…
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Verlingue expands in Switzerland with ProConseils buy
French broker Verlingue, an Adelaïde Group subsidiary, has expanded its operations in Switzerland with the acquisition of corporate broker ProConseils…
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Everest expands in Italy
Everest Group has said it will expand its European operations with the launch of an insurance business in Italy. Everest…
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Zurich’s ratings boosted after revealing new growth targets
Following Zurich Insurance’s investor day last week unveiling its next three-year plan, rating agency AM Best has upgraded its credit…
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Economic shocks would dent a third of EMEA insurers’ capital: S&P
Insurers based in the EMEA could see their capital base eroded by the prospect of a prolonged market downturn, according…
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Fitch backs state nat cat schemes in Europe as risk grows
The role of state-backed insurance schemes to cover exceptional risks, such as natural catastrophes, will become increasingly significant in supporting…
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Howden France hires construction and energy director
Howden France has announced Raphaël Cerda will join the firm in January 2025 as director of construction & energy. Cerda…
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McGill launches AI-powered trade disruption facility
London-based specialty broker McGill and Partners has launched a new AI-powered trade disruption insurance facility, backed by Tokio Marine Kiln…
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Italian insurance market slowly improving but concerns over nat cat and ESG
Italian insurance buyers say they now enjoy slightly better market conditions, with room to negotiate in some areas. But they…
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UK business suffers £44bn of cyber losses in last five years
Howden says basic cybersecurity measures could save the average UK company £3.5m over the next decade, as its research finds…
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Crawford & Co expands in Spain
Lass adjuster Crawford & Co has opened three new offices in Spain as it continues its expansion across the country.…
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Insurers oppose EC plans for further regulation
European insurers have rejected proposals for a wider macroprudential framework of regulation overseeing all non-bank financial intermediaries (NBFI). In response…
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Swiss captive SBB pilots first-ever sustainability-linked insurance contract
Swiss Federal Railways’ (SBB) direct insurance captive is going to pilot the first-ever sustainability-linked insurance contract, which links premiums to…
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Allianz Commercial’s Côté to head RSA Luxembourg
RSA Luxembourg, the European subsidiary of Intact Financial Corporation, has named Allianz Commercial’s Nadia Côté as its new CEO. Côté…