France
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AM Best affirms CCR Re’s ratings following majority sale announcement
Credit ratings agency AM Best has held the financial strength rating of CCR Re at A following the announcement that…
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EU member states rapped for failing to implement transparent and predictable working conditions
A total of 19 member states have failed to transpose the EU Directive on Transparent and Predictable Working Conditions, and…
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French reinsurer CCR places majority stake in CCR Re up for sale
French state-owned reinsurer CCR said it will sell a majority stake in subsidiary CCR Re worth €200m by July 2023.…
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French insurers bow to political pressure to contain market hardening
France Assureurs, the French insurance association, has announced that during a meeting with government this week, insurers pledged to do…
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Females lead just 12% of Europe’s banks in DBRS Morningstar gender diversity analysis
Only five of 43 European banks were led by a female CEO in 2021, according to DBRS Morningstar, and although…
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Howden continues French expansion with Théorème acquisition
Howden is set to buy French corporate insurance broker Théorème for an undisclosed fee as it continues expansion in France…
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High inflation and rising interest rates could hit insurers’ ratings: Fitch
Persistent high inflation and rising interest rates could lead to Fitch Ratings moving insurance sector outlooks in several markets around…
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Gridel joins Howden M&A to lead European growth
Howden M&A, the mergers and acquisitions and structured solutions arm of the fast-growing London-based broker, has announced the appointment of…
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Amrae announces partnership with finance directors’ body to spread culture of risk
French risk and insurance management association Amrae has announced a new partnership agreement with the National Association of Financial Directors…
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PERILS adds Euro flood risk to loss database
Nordic risk managers should be better able to model their flood risk after catastrophe loss data provider PERILS expanded its…
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French buyers face tough but moderating market at year-end: WTW
The hard insurance market has lost some steam in France but buyers continue to face challenges as they head into…
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AXA launches forest biodiversity restoration
AXA has launched a new three-year programme to help restore forest ecosystems in France. The AXA Forests for Good programme…
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Amrae welcomes bill that approves ransomware payments by French insurers
Amrae has welcomed a forthcoming bill to explicitly legalise ransomware payments by insurers in France as long as insureds have…
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Ferma urges OECD to exclude captives from BEPS tax guidelines
Ferma has urged the Organisation for Economic Co-operation and Development (OECD) to amend its coming technical guidelines designed to tackle…
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French risk managers face further rate pressure as cat claims bite
French non-life insurers face natural catastrophe losses on an “unprecedented scale” this year, exacerbating the pressure on profitability from claims…
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Product safety regulations ripple out from green transition, says Sedgwick in recall update
Europe’s transition to greener industries is having a “ripple effect” on product regulation and safety, with manufacturers facing tighter rules…
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Europe’s ‘big four’ reinsurers improve results despite nat cat losses, says Best
Europe’s ‘big four’ reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – benefited from material premium rate increases…
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Compre continues European growth with acquisition of medical malpractice portfolio in France
Bermuda’s Compre has acquired a French medical malpractice (medmal) portfolio in a further bid to build out its medmal expertise…
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PERILS raises European storm loss estimate for third time to €3.74bn
Insured loss estimates from a series of windstorms in Europe have been increased for the third time since they affected…
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Market flattening but opportunities still rich for nimble European MGAs: Van Loon
Fast-growing Brussels-based European MGA Alta Signa expects to benefit from market conditions over the next two years as the financial…
