DACH
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German insurers demand new traffic rules if cannabis legalised
German insurers are calling on the federal government to create clear rules for road traffic as quickly as possible if…
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AGCS’s profits up 20.6% to help Allianz Commercial hit €2.6bn
Allianz Global Corporate & Specialty (AGCS) saw its operating profit jump 20.6% last year to €953m and business volume rise…
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Only half of firms retrieve data after ransomware payments
Most cyberattacks breached organisations’ networks through their supply chain, according to US-based cybersecurity firm Cybereason. It found that 41% of…
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European product recalls hit record high in 2023, Sedgwick reports
Product recalls in Europe reached a record 12,498 events in 2023, up 18.5% on the previous 12 months and setting…
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Italian and German governments under pressure to drag CSDDD back on track
Claims by environmental and human rights groups that big business supports the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) appear…
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Rate increases in Europe will need to rise above inflation, Moody’s warns
Europe’s property/casualty insurers will need to “push through” further rate increases to balance increases in claims costs, according to Moody’s.…
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German insurers issue new model cyber conditions
The German Insurance Industry Association (GDV) has revised its non-binding model conditions for cyber insurance to take into account the…
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Supply chain pressures ease for German companies: Ifo
The supply chain crisis that came to a head during the Covid-19 pandemic has subsided and German firms have started…
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Germany and Italy derail due diligence law
The future of the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) has been thrown into serious doubt after Germany and…
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Fitch forecasts worst underwriting result in German non-life for years
Fitch Ratings says that the German non-life insurance sector is facing its worst underwriting results in recent times and forecasts…
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Talanx expects record profit of €1.6bn in 2023
Germany’s Talanx expects to report record profit of €1.58bn for 2023, exceeding its original forecast of €1.4bn after earnings grew…
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German government may abstain on CSDDD vote, reports suggest
The German government may be planning to abstain on an upcoming vote on the EU’s draft corporate sustainability due diligence…
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Risk and insurance dominate Swiss political agenda in 2024
The Swiss electorate will vote on four issues at a federal level on 9 June, with two initiatives on health…
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MRH Trowe completes four more German acquisitions
AnaCap, the London-based investment group that focuses on European mid-sized technology and services firms, has announced that its German industrial…
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Bayer to appeal $2.25bn Roundup damages award
German pharmaceutical firm Bayer has said it will appeal a court judgement to pay an “excessive” $2.25bn in damages to…
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EC raids European tyre giants in cartel probe
The European Commission (EC) has carried out unannounced inspections at the premises of tyre companies across several EU member states…
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Swiss Re to accelerate growth of international programme business in 2024
Swiss Re Corporate Solutions, the direct commercial unit of reinsurer Swiss Re, expects further growth in its international programme business…
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Germany needs flood ‘masterplan’, says GDV
The German insurance association (GDV) has called for a “well thought-out masterplan” with federal and state involvement to tackle the…
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Babet-Aline insured loss estimate rises to €683m: Perils
Insured loss estimates from the Babet-Aline storms in the UK and northwest Europe in October last year have increased to…
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Female leaders gain ground at German insurers
German insurance companies have scored relatively well along with banks in the latest analysis of women in leadership positions carried…