CRE Insurance
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Insurers given more room to tailor terrorism cover under Pool Re’s new reinsurance scheme
UK terrorism reinsurer Pool Re has completed the shift to a new catastrophe treaty reinsurance scheme, which it says will…
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European financial supervisors warn of geopolitical threat to stability
Europe’s three supervisory authorities for insurance, banking and securities have called for “vigilance” amid trade tensions, global policy uncertainty and…
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Brokers and buyers urged to make UK Covid BI claims as time runs out
Fenchurch Law has urged brokers to make sure their UK clients file any outstanding Covid-19 business interruption (BI) claims before…
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HDI Global appoints cyber underwriting head for UK and Ireland
HDI Global UK and Ireland has appointed Marcus Breese as head of cyber underwriting. Breese joins HDI Global on 1…
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GDV calls on Germany to follow EC lead on crisis preparedness
German insurers said the European Commission’s new crisis management and resilience strategy, which it unveiled last week to better prepare…
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Taking stock of France’s rising flood challenge
Commercial Risk Europe recently convened a panel of industry experts comprising brokers, underwriters, risk engineers and risk modellers to discuss…
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French buyers favoured domestic rather than facultative capacity in January
French insurance buyers relied mostly on the domestic market, rather than foreign sources of capacity such as London, to renew…
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Irish litigation over Russia-leased jets ‘all but settled’
Ireland’s High Court has confirmed that the remaining cases brought by aircraft lessors claiming insured losses for jets stranded in…
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Allianz UK appoints commercial CUO
Allianz UK has appointed Adam Lloyd as chief underwriting officer and Claire Buck as chief technical officer for its commercial…
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Insurers to probe buyers on AI but no exclusions for now
Risk managers should prepare for more probing questions from insurers on artificial intelligence (AI), but broad-brush exclusions are not yet…
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Thirteen EU countries miss DORA deadline
The European Commission (EC) has opened infringement actions against 13 member states, including France and Spain, for failing to transpose…
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Sompo gets licence to write primary insurance in Belgium and Netherlands
Japanese-based global carrier Sompo has been granted licences to write primary insurance locally in Belgium and the Netherlands. The move…
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French insurers back political violence pool for local governments
France’s insurance association has backed the creation of a public-private partnership (PPP) that would see the state provide a backstop…
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Howden expands employee benefits unit with Barnett Waddingham acquisition
Howden has agreed to acquire UK employee benefits consultancy Barnett Waddingham in a move that will double its global employee…
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Baloise commits to strategy as 2024 profit jumps 58%
Swiss insurer Baloise has reported a 58.3% increase in EBIT profit to CHF 545.3m for 2024, improving its combined ratio…
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London market associations launch misconduct training programme
London market associations have launched a joint misconduct training programme for members following an investigation by the UK’s Financial Conduct…
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Willis optimistic about construction rates in Europe
The European construction insurance market has been stable through the first quarter of this year, with good levels of capacity…
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Heathrow Airport closure sparks probe amid contingency questions
An investigation has begun into the closure of Heathrow Airport on Friday after it lost its main source of power…
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MS Amlin capacity backs Ukraine reinsurance scheme
Lloyd’s insurer MS Amlin said it will bind the first risks under a new Ukraine reinsurance scheme unveiled by Aon…
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Lloyd’s ‘comfortable’ with targets despite $2.3bn wildfire losses
Lloyd’s is maintaining its 2025 growth and profitability targets despite market softening and large losses in Q1 from the California…