CRE Insurance
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April 13, 2023
London market backs dual rate for personal injury awards
London market insurers are calling for dual discount rates to calculate personal injury compensation awards from UK courts. In response…
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April 13, 2023
Swiss Re’s Mumenthaler optimistic for 2023 on back of strong rates
Swiss Re CEO Christian Mumenthaler has told shareholders he is feeling much more optimistic about 2023 as a result of…
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April 13, 2023
Consultation opens on EU sustainable finance disclosure
The three European Supervisory Authorities (ESAs) – ENA, EIOPA and ESMA – have published a consultation paper on amendments to…
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April 13, 2023
Howden launches marine and energy business in Norway
Howden has launched a marine and energy businesses in Norway that will be headed by WTW’s Frode Lund. Lund, who…
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April 13, 2023
BHSI Europe loses Colahan to AIG as he returns to Asia Pacific
AIG has appointed Chris Colahan as regional president for Asia Pacific. He will leave his current post as president of…
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April 13, 2023
Sompo continues European expansion with Iberian hire
Sompo International has announced the appointment of Jamie Cañellas as country manager for its insurance operations in Spain and Portugal,…
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April 6, 2023
IFRS 17 gives risk managers sharper tool to analyse insurer performance
Risk and insurance managers need to keep a close eye on the financial performance and health of their leading carriers…
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April 6, 2023
Allianz says Nord Stream cover won’t be renewed on expiry
Allianz has issued a statement clarifying that it does not intend to renew a two-year policy for the Nord Stream…
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April 6, 2023
Zurich follows Munich Re and quits NZIA
Zurich has become the second carrier to withdraw from the UN’s Net Zero Insurance Alliance (NZIA) this week. Munich Re…
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April 5, 2023
Spike in demand for political risk cover as government reserves deplete
London-based specialty insurer Chaucer said that demand for political risk insurance is on the rise as a sharp fall in…
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April 5, 2023
Inflation boosts German non-life insurers’ premium growth
German non-life insurers are expected to increase premium intake by 5.7% this year despite the difficult economic environment, according to…
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April 4, 2023
Aon says reinsurance market stabilising and optimistic about mid-year renewals
Aon has given slightly more positive feedback on the 1 April reinsurance renewals than rival Gallagher Re, describing the market…
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April 4, 2023
Sompo International set to expand in Switzerland after receiving primary licence
Sompo International is expanding its operations in Switzerland after being granted regulatory approval to start writing primary insurance in the…
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April 4, 2023
French insurers post higher profits despite inflationary pressure
French insurers’ operating profits increased by close to 3% in 2022, despite broadly flat premium income, estimates Fitch Ratings in…
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April 4, 2023
German insurers ready to support green transition, claims GDV
Politicians and business must accelerate sustainable transformation, said the German insurance association (GDV) following publication of the Transformation Compass study…
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April 4, 2023
Spring adds £5m fresh capacity for UK and European PI market
Spring, the London- and Dublin-based specialist financial and commercial lines MGA launched in 2010, has announced a further step in…
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April 3, 2023
Allianz Commercial names leaders in key markets
Allianz has announced leaders in France, Germany, the UK and Australia for its new Allianz Commercial business that serves large…
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April 3, 2023
Chasseguet named new French country president at Chubb
Benoit Chasseguet is replacing Veronique Brionne as country president for Chubb in France. Chasseguet has been regional marine manager for…
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April 3, 2023
Pressure builds on German state to introduce compulsory nat cat cover
The German government is under pressure from a rising number of federal states and now, reportedly, the Federal Council (Bundesrat)…
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April 3, 2023
Gothaer posts 9.1% rise in corporate business boosted by inflation
Cologne-based insurer Gothaer has announced further strong growth in its SME and middle market corporate insurance business during 2022 full-year…