CRE Insurance
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Losses roll in for central Europe flooding
Flooding in central Europe last week could cost insurers tens of millions of euros, according to initial estimates from Aon,…
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Swiss Re Corporate Solutions drives group net income despite flat rates
Swiss Re Corporate Solutions booked 37.2% growth in net income for the first half of 2024, adding $435m to Swiss…
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Cyber insured numbers ‘negligible’ to size of risk, says Swiss insurer
The number of companies covered by insurance for cyberattacks remains “negligible”, according to Swiss carrier Helvetia Insurance as it hosted…
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Hiscox chairman among missing Bayesian passengers
As the search for six missing people on board luxury yacht the Bayesian begins to recover bodies, it was confirmed…
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Funk focuses on climate adaption strategies for German firms
Leading independent German and international broker Funk has teamed up with Intelligent Energy Services (IE2S) to develop climate adaption strategies…
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German insurers drive climate-resilient building
German insurers have been issued with new guidelines to make homes more resilient to climate risks when they are repaired…
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Insurers still not touching key industries in France and Spain
Insurers in France and Spain continue to implement a veto on some industries by withdrawing capacity for property risks and…
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UK tracks fall in cyber claims
Twice as many UK organisations now able to recover their own systems after a cyberattack, rather than pay a ransom,…
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Greek insurers count cost of wildfires
Damage from wildfires in Greece this week, which spread close to Athens, is likely to cost between tens to hundreds…
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Helvetia appoints group CRO
The rising significance of risk management at board level across Europe was underlined this week as Swiss insurer Helvetia Insurance…
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ILS market thriving: Swiss Re
The global insurance-linked securities (ILS) market saw record first-half new issuance of $12.3bn across 49 transactions and is expected to…
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HDI’s industrial lines posts strong H1 growth
HDI Global’s industrial lines business generated “clear growth” in both revenue and earnings in the first half of 2024 as…
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Legacy tech holds back pricing innovation
A survey of underwriters and actuaries in the UK and US commissioned by pricing platform hyperexponential has found that the…
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Wefox Austria launches cyber app
Insurtech Wefox has partnered with Allianz as it prepares to launch a cyber protection and insurance app, weprotect, to the…
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Insured losses from UK riots under £250m
Insured losses from recent rioting and civil unrest in parts of the UK are expected to be below £250m, according…
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ABI calls for government action on flooding amid record payouts
The UK government needs to take urgent action, including reform of the planning system, in order to combat the “devastating…
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Allianz Commercial searches for CEO as Papanikolaou moves to group role
Allianz Commercial is looking for a new CEO after it was confirmed to newswires that Petros Papanikolaou has been given…
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Miller boosts sports team in France
Specialist broker Miller has appointed Cedric Thevenot as account executive for its sports and entertainment team, based in Paris. Thevenot…
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Canopius posts positive results for H1
In the first six months of 2024, Canopius saw written premium rise to $1.84bn, a 23% increase on the same…
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Europe’s buyers underinsure cyber and IP risks: Aon
Europe’s businesses are too exposed to cyber risks, driven by the rising threat from generative AI over the next two…