France
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Demand for risk management software rises but buyers want more innovation, finds AMRAE
Demand for risk management software is on the rise but the majority of users believe it lacks innovation to help…
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Google fined €500m over French news copyright infringement
France has fined Google €500m for failing to comply with an agreement last year on copyright with news publishers. French…
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Trade credit insurers ‘well prepared’ to go it alone as European backstops expire: AM Best
Insurers were “spared” from heavy trade credit losses in 2020 as governments across Europe stepped in as part of Covid-19…
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EC gives Aon-WTW deal conditional approval
The EC has given Aon’s $30bn acquisition of Willis Towers Watson (WTW) conditional approval on the back of a raft…
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Record $4.5bn insured loss in Europe following severe June weather
Insurers face a bill of $4.5bn from severe weather in Europe last month that is set to end up being…
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France’s Siaci to combine with Diot to create new ‘European champion’
The European broking scene took another interesting twist at the start of this month, as private equity firm Charterhouse Capital…
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Groupe SEB establishes reinsurance captive in France
Groupe SEB, a leading global manufacturer of small domestic appliances, has launched a reinsurance captive in France. Groupe SEB is…
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Italian companies rethinking supply chain risk management
The pandemic brought substantial changes in supply chain management and, not surprisingly, most companies are rethinking in an effort to maintain efficiency and…
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Most expensive cities for international employees revealed
There are some surprising entries in the 2021 Cost of Living City Ranking from Mercer, which multinationals might be interested…
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Ikea fined €1.1m as ex-CEO and CRO convicted of spying on French staff
Swedish furniture group Ikea has been fined €1.1m and two former executives at Ikea France, including the chief risk officer…
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Time for a big effort on captives
The fundamental role of the risk and insurance manager is to help reduce the level of uncertainty faced by their…
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Liberty Specialty Markets hires senior French terrorism underwriter from Hiscox
Liberty Specialty Markets (LSM) has appointed Hiscox’s François Barriol as senior underwriter for terrorism and political violence in France to…
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Scor and Barclays settle legal action after Covéa peace deal
Scor and Barclays have agreed to settle a civil court case due to start in London’s High Court this week,…
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Pandemic masks Brexit impact on UK-EU trade decline, says Atradius
UK-EU trade has plummeted 18.9% during the past 12 months against 2018 trade levels, more than twice the 9.1% fall…
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Covéa to sell Scor stake as peace deal struck
French insurers Scor and Covéa have pledged to end years of bitter dispute with an agreement that will see Covéa…
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G7 tax proposal creates uncertainty in financial centres
The ramifications of the G7 nations’ pledge to implement a global minimum corporate tax rate are still being mulled over…
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Axa offers €300m to French restaurants for Covid-19 BI losses
Axa has offered settlements totalling €300m before reinsurance to 15,000 French restaurants for business interruption (BI) losses, after they closed…
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French competition watchdog fines Google €220m for advertising breaches
France’s competition regulator has fined Google €220m for breaching rules by pushing its own advertising services for placing ads in…
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CIAM calls for Scor’s Kessler to step down as chairman after succession ‘fiasco’
Activist investor and asset manager CIAM is lobbying Scor shareholders to vote against the re-election of Denis Kessler as chairman…
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GDPR breach fines near €300m
Businesses have been fined €283.7m for GDPR breaches since the data protection rules first came into effect in May 2018,…