CRE Insurance
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April 25, 2024
London market to remain closed for construction SPPI cover
The London insurance market is unlikely to start offering single project professional indemnity (SPPI) cover for construction firms again anytime…
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April 24, 2024
Rates fall in most regions during Q1 but rise in Europe and US: Marsh
Average commercial insurance rates fell in the UK, Asia, Canada and the Pacific during the first quarter of this year…
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April 24, 2024
Major cyberattack would hike rates but insurers would ‘brush off’ losses: Lockton Re
A major cyber catastrophe event will inevitably see the return of rate increases for buyers although the insurance industry as…
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April 24, 2024
Chubb says Q1 saw ‘best rates’ as it books $2bn profit
Chubb chairman and CEO Evan Greenberg said the group saw “the best rates and pricing” for more than a year…
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April 24, 2024
Property risk and flood mapping platform expands to Europe
Geocoding and property intelligence expert Addresscloud has partnered with flood risk management firm JBA Risk management to map the flood…
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April 23, 2024
Courage and collaboration needed to manage emerging construction sector risks
The construction sector’s long-term outlook is positive, but it faces a number of challenges, not least the number of emerging…
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April 23, 2024
Munich Re ‘more likely’ to exceed 2024 profit target after €2.1bn gain in Q1
Munich Re has posted a preliminary net profit of €2.1bn for the first quarter of 2024, significantly outrunning analysts’ expectations…
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April 23, 2024
Arch Insurance International names deputy CEO
Arch Insurance International has appointed Kirsten Valder as deputy CEO, responsible for developing the group’s London market and UK regional…
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April 23, 2024
Sompo pledges lead capacity for growth in France and Spain
Sompo International is making a big effort to grow in France and Spain, with more continental European markets likely to…
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April 23, 2024
Transactional risk market set to rebalance on back of M&A activity, says Chubb
Chubb’s new international transactional risk platform will initially focus on EMEA risks but will look to expand further in a…
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April 22, 2024
Rates drive change in AM Best’s London market outlook to positive
Rating agency AM Best says strong pricing is driving underwriting profitability and behind its positive outlook on the London insurance…
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April 19, 2024
Generali splits insurance and asset management in restructure
Italian insurer Generali is planning to revamp its insurance and asset management divisions under new CEOs as part of an…
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April 19, 2024
Convex books first annual profit since 2019 launch
Bermuda-based international insurer and reinsurer Convex entered the black for the first time since it launched in 2019, with net…
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April 18, 2024
Energy insurer Paratus launches brokerage division
UK-based energy insurer Paratus has established a brokerage division to focus on energy price risk insurance products in the maritime,…
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April 17, 2024
Howden launches Red Sea cargo war risk coverage
Global broker Howden has launched what it claims is the first cargo war risk facility to cover vessels in the…
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April 17, 2024
Dual Europe acquires Swiss Re’s marine team
International MGA Dual Europe has bolstered its marine underwriting capability after acquiring the Genoa-based marine team from Swiss Re. Under…
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April 17, 2024
Europe’s insurance CFOs concerned over competitive pressure and market volatility
Sluggish economic growth, financial market volatility, and competitive pressure are seen as Europe’s insurance industry’s three biggest concerns in 2024,…
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April 16, 2024
BHSI names new country manager for France
Berkshire Hathaway Specialty Insurance (BHSI) has extended the remit of Louis du Ché, country manager for Belgium, to include leading…
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April 16, 2024
Chaucer appoints new CRO as James Wright becomes chief financial officer
Chaucer has appointed its chief risk officer (CRO), James Wright, as chief financial officer (CFO), with Werner Joubert taking on…
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April 16, 2024
Specialty credit insurer Convergence set for launch
Plans for a new credit insurer, Convergence, that will initially target clients in Europe and North America have been unveiled…