CRE Insurance
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July 25, 2023
Ferma increasingly hopeful SII reforms will change landscape for captives
Ferma has told Commercial Risk that it is increasingly hopeful that the ongoing review of Solvency II will usher in…
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July 25, 2023
ClientEarth to appeal Shell ruling that absolves directors of environmental liability
ClientEarth said it will appeal the UK High Court’s decision after the action group lost its case against Shell’s board…
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July 25, 2023
Chaucer tracks 101% rise in insuring sovereign debt default
The cost of credit default swaps (CDS) has surged over investor concerns that global economic volatility has increased the risk…
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July 24, 2023
AGCS operations to trade under Allianz Commercial in new €19bn business
The operating business of Allianz Global Corporate & Specialty (AGCS) has today merged with the commercial insurance business of local…
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July 24, 2023
AIG and AXA consider UK divestments: report
AIG and AXA are reviewing the future of their UK operations, reported Bloomberg following tip offs from unnamed sources. Bloomberg…
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July 24, 2023
German insurance buyers buoyed by cyber court ruling
German risk managers will be pleased to hear that the Regional Court of Tübingen has rendered the first judicial decision…
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July 24, 2023
Howden buys Swiss aviation broker Hudson Sky
Howden has bought Swiss aviation broker Hudson Sky International for an undisclosed fee. Howden said the move is part of…
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July 21, 2023
Insured nat cat losses 46% above 20-year average in H1, says Aon
Insured losses from global natural catastrophes totalled $53bn for the first six months of this year, according to Aon. This…
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July 21, 2023
Allianz Trade launches fraud protection for UK businesses
Trade credit insurer Allianz Trade has launched a fraud insurance product for UK businesses amid a post-pandemic rise in employee…
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July 21, 2023
Marsh’s revenue up 9%
Marsh’s revenue rose 9% in both the last quarter and for the first six months of this year as parent…
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July 20, 2023
TMHCCI adds greening endorsement for overseas Japanese subsidiaries
Tokio Marine HCC International (TMHCCI) has added a free green upgrade endorsement to commercial property polices held by subsidiaries of…
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July 20, 2023
Honesty is the best policy as greenwashing risk rises, says French broker
French broker Verspieren says that honesty and transparency are the best defences against the risk of greenwashing. But it also…
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July 19, 2023
Clarity needed to close nat cat protection gap, says EIOPA
Perceived high cost, poor claims experience and a lack of clarity over wordings are three reasons why only roughly 25%…
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July 19, 2023
Nat cat losses in H1 18% above ten-year average: Gallagher Re
Nat cat insured losses of $52bn in the first half of this year were 18% above the $44bn average suffered…
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July 19, 2023
Coverage restrictions ease as European cyber market softens
The softening European market is helping restore buyers’ confidence in cyber insurance as ransomware coverage restrictions ease and limits rise,…
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July 19, 2023
Parliament backs Solvency II compromise that looks set to benefit captives
The European Parliament’s economic affairs committee has backed a compromise on reforms to Solvency II that rapporteur Markus Ferber, the…
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July 19, 2023
Supply chain issues ease at sea in 2023, says Miller
Shipping supply chain issues that dominated last year appear to have eased, according to Miller, but the broker warned that…
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July 18, 2023
Funk reports return to risk-based underwriting in Germany
Hamburg-based leading independent broker Funk said German risk and insurance managers have found insurers are finally taking the individual risk…
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July 18, 2023
Ukraine grain export scheme in jeopardy after Russian withdrawal
Russia’s withdrawal from the safe corridor deal to export grain from Ukrainian ports through the Black Sea has sent insurers…
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July 17, 2023
Charterfields ‘shocked’ by growing underinsurance in UK
Quantity surveyor Charterfields said it is “shocked” that 88% of 400 UK buildings and civil works covered by new research…