DACH
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Excess-of-loss cover to feature more in credit insurance
Large companies are increasingly opting for excess-of-loss credit insurance, with the trend set to grow further in the future. This…
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Credit Suisse chairman resigns after Covid-19 quarantine breaches
Credit Suisse has appointed a new chairman after António Horta-Osório resigned the post because he reportedly breached Covid-19 travel quarantine…
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Credit Suisse files $1.17bn of insurance claims for Greensill funds
Swiss bank Credit Suisse is seeking $1.17bn from insurers to cover losses linked to the collapse of Greensill Capital through…
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German business federation calls for state action in face of fast-rising risks
Germany’s Federal Association of Wholesale, Foreign Trade, Services (BGA) has warned that while recent trade figures show a positive trend in…
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Austrian regulator says use of Google Analytics violates GDPR
The Austrian Data Protection Authority (Datenschutzbehörde or DSB) has decided in a model case brought by activist legal group noyb (My…
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Insurers suffer second costliest year on record at $120bn: Munich Re
Last year saw the second highest global insured losses from natural disasters ever at $120bn, with an “exceptionally high” proportion…
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German cartel office exercises new anti-competitive powers over Google
Germany’s competition regulator Bundeskartellamt has said it will subject Google and its parent company Alphabet to special abuse control measures…
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Bayer’s investors file €2.2bn German lawsuit over Monsanto acquisition
Bayer is facing a €2.2bn lawsuit in Germany from a group of investors over its acquisition of US agrochemical manufacturer…
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Big rise in climate litigation against business and governments next year, says Clyde & Co
Clyde & Co predicts a “sharp increase” in strategic climate change litigation against European businesses and governments next year to…
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Austrian market less tricky for buyers but no time to relax, says HDI
Despite a fairly benign insurance market, Austrian corporates cannot afford to relax and must prepare for the next crisis, warns…
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Bayer faces €1bn+ Roundup class action suit in Germany
A class action group of more than 250 investors has launched a lawsuit in Germany against pharmaceutical firm Bayer, which…
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Nat cat losses to top $100bn in 2021 says Swiss Re
This year is estimated to see global insured losses of $105bn as a result of extreme weather events, according to…
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More transparency needed for pension guarantees in Germany
There was broad consensus at the recent German association of insurance and risk managers (GVNW) conference that pension benefit guarantees…
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Employee wellbeing is a key competitive advantage, GVNW members told
Employees who are happy in their work and really identify with their company can be up to four times more…
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Woolworth sues German state over Covid restrictions
Retailer Woolworth has filed a complaint in a German regional court over recently imposed Covid restrictions, arguing that the measures…
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Allianz tops sports sponsorship table
German insurer Allianz is the most prominent insurer in the sports sponsorship market, spending almost twice that of its nearest…
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Risk managers are superheroes: SIRM Forum
Philipp Kristian, keynote speaker and moderator at the Swiss Association of Insurance and Risk Managers (SIRM) Forum, has described risk…
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Swiss regulator calls for more powers to go after dodgy bankers
The head of Switzerland’s financial regulator said it needs greater powers to supervise bankers and impose tougher sanctions. Speaking to…
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Fitch expects central European buyers to face brunt of double-digit reinsurance cat rate rises
Fitch expects double-digit reinsurance rate increases for catastrophe cover at year-end renewals, with central European buyers set to be the…
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MRH Trowe continues German expansion with Helmig & Partner acquisition
German commercial broker MRH Trowe is buying Olfen-based specialty firm Helmig & Partner in its 11th bolt-on acquisition announced this…
