DACH
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German insurers demand clarity on DORA
The German insurance association (GDV) has called for more clarity over the EU’s Digital Operational Resilience Act (DORA), which must…
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PIB bolsters German market presence with Hendriks hire
Fast-growing private equity-backed UK broker PIB Group has appointed German market veteran Michael Hendriks as chief commercial officer in Europe.…
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Wefox transfers run-off portfolio to Darag
European legacy acquirer Darag has bought a portfolio of run-off business from Wefox Insurance as the insurtech seeks to close…
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Consultant Horváth partners with flood scientists JBA Risk Management
A new partnership to meet rising demand for sustainability reporting has been formed by Stuttgart-based management consultant Horváth and UK-based…
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Kresbser hands baton to Keller at Kessler
Swiss broking veteran Edwin Krebser will retire at the end of March after 29 years in various management positions, most…
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Howden Germany appoints ex-ERGO exec to new COO role
Howden has announced Richard Bader will join its German unit in the newly created role of chief commercial officer. Bader…
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German insurers face €5.5bn nat cat bill for 2024: GDV
Insured losses for natural catastrophe losses in Germany totalled €5.5bn in 2024, €100m lower than 2023 but still well above…
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Softening property reinsurance market across most regions, says Aon
Global property reinsurance rates were typically down in the mid-single to mid-teen percentage range at 1 Jan, but Canada, the…
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Ulferts to lead German healthcare sales for Funk
German broker Funk has appointed Johann Ulferts as additional managing director of its healthcare subsidiary Funk Hospital-Versicherungsmakler. He took on…
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Risk management controls not hindering commercial activity, say the Swiss
Swiss risk managers do not think their profession needs to reduce controls, which in most cases are vital to ensuring…
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Risk movement ‘well underway’ in Switzerland, says Sirm president
Swiss risk management association Sirm is planning to spread further across Switzerland next year and believes that the Ferma Seminar,…
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Storm Boris insured losses rise to €2bn: Perils
Insured losses from floods in central European and Italy this September are now estimated to have cost €2.08bn, 10% higher…
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Zurich concerned over continuing rise in EU litigation funders
Zurich Insurance wants more focus on the rising number of litigation funders setting up in the EU and is concerned…
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Baloise appoints head of corporate to boost strategic goals
Baloise has appointed Andrea Kleiner as head of corporate clients, succeeding Patric Olivier Zbinden. Kleiner joins Baloise from Die Mobiliar,…
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Funk hopes GVNW’s risk data launch will create ‘leaner’ industrial insurance in DACH
Leading independent German broker Funk says that it hopes the launch of the Open Risk Data Association (ORDA) – led…
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German insurers risk losing market share amid rate hikes: AM Best
Rate increases across Germany’s non-life sector have not kept pace with claims inflation, with some insurers now under pressure to…
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Europe’s top 100 firms admit supply chain cybersecurity breaches
Almost all of Europe’s top 100 companies reported a breach at one of their suppliers in the past year, according…
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GVNW leads formation of DACH industrial insurance exchange
The German risk and insurance management association GVNW has led the creation of the Open Risk Data Association (ORDA) –…
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Swiss Re raises targets for 2025 as insurance pricing ‘plateaus’
Swiss Re has set a net income target of more than $4.4bn for 2025 and a combined ratio of less…
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Munich Re and ERGO target higher profit in 2025
Munich Re is targetting further growth in profit next year to €6bn, with its ERGO unit expected to add €900m…