France
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IPT compliance guide from Sovos highlights changing regulatory landscape
An insurance premium tax (IPT) guide for insurers has been launched by tax compliance firm Sovos. It focuses on IPT…
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Injuries cost Europe’s leading football clubs €472.6m with Covid-19 losses just short of €50m
There were 494 reported Covid-19 cases across Europe’s top five leagues last season, resulting in players missing 7,068 days at…
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Rising concern in France over nat cat risk amid climate change
Nine out of ten people in France are worried about weather-related events, and believe nat cat risks are getting worse…
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European companies drive surge in M&A claims during Q1
European companies filed more notifications against merger and acquisition (M&A) policies in the first quarter of 2021 than for the…
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French Supreme Court reinstates human rights charges against Lafarge for ISIS crimes
France’s Supreme Court has ordered construction firm Lafarge to face charges of complicity in crimes against humanity by Islamic State,…
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SiriusPoint increases European July flood estimate
Global specialty (re)insurer SiriusPoint has increased its loss estimate for European floods in July from $30m to between $70m and…
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France expanding cybersecurity force to combat rise in attacks
France is boosting its cybersecurity unit with the addition of almost 1,900 staff during the next few years. AFP reported…
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B3i Services to develop DLT-based solution for European nuclear pools
B3i Services, the global initiative owned by 21 major insurers, has been appointed by six nuclear pools in northwestern Europe…
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P&C insurance riskier and more complex in next 20 years, says Swiss Re
Property and casualty (P&C) business is set to become riskier and more complex in the next 20 years, according to…
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Study forecasts increase in relocation of smart working but warns of risks
Companies in developed economies may look to relocate so-called ‘smart working’ jobs to emerging countries in a bid to reduce…
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Germany ranks highly in Marsh’s newly launched Flood Risk Index
Germany ranks highly among G20 countries on two key metrics in Marsh McLennan’s newly launched Flood Risk Index that aims…
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RMS estimates Bernd insured losses could hit €6.5bn
Catastrophe risk solutions company RMS estimates that insured losses from the western and central Europe flooding that occurred on 12-18…
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Bermuda (re)insurers pay $23.3bn of P&C claims to EU customers in last five years
Bermuda (re)insurers have paid $23.3bn in P&C claims to customers in the European Union since 2016, according to data collected…
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Legal issues hold up inclusion of Willis Re France and the Netherlands in Gallagher deal
A J Gallagher’s acquisition of Willis Towers Watson’s (WTW) treaty reinsurance business excludes operations in France and the Netherlands, although…
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Tokio Marine HCC Credit Group appoints senior underwriter
Tokio Marine HCC Credit Group has expanded its European credit and political risk team with the appointment of Benjamin Faubert…
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Report highlights global convergence of critical issues in insurance markets
There has been a convergence of critical issues in insurance markets around the world, according to Global Insurance Law Connect’s…
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Aon expands global tax insurance team with senior European appointments
Aon has boosted its global tax insurance team with the appointment of Christophe Bonneville, Cristina Chaparro and Joyce Koch in…
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AXA XL drives profit recovery on back of rising prices and reduced Covid claims
Further strong price increases at renewals enjoyed by AXA XL, the impact of its recent portfolio re-underwriting, plus no repeat…
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French buyers fear market dynamics may have shifted for good
As insurers change their approach in the hard market, retreating behind computer analytics and into head offices for decision-making, French…
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Gallagher reports higher revenue and plans ‘tuck-in’ acquisitions after WTW deal collapse
AJ Gallagher reported total revenue of $1.9bn for the second quarter, a 22.2% increase over the same period last year,…