DACH
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Deutsche Bank asset manager DWS raided for greenwashing
German prosecutors raided Deutsche Bank’s majority-controlled asset manager DWS and the bank’s own headquarters this week, because of allegations that…
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DUAL appoints CEO and CFO for Europe
DUAL, a leading managing general agency (MGA), has appointed a CEO and chief financial officer (CFO) for its newly created…
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Carinthia enters ’emergency mode’ after hacker attack
The Austrian state of Carinthia is currently in “emergency mode” after suffering a serious hacker attack by the Black Cat…
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Work addiction risk rising in Germany
A third of Germany’s labour force is working “excessively” and another 10% exhibit addictive working behaviour, according to a new…
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Commodities trader Glencore settles US bribery probe for $1bn and pleads guilty to UK charges
Anglo-Swiss commodity trading and mining firm Glencore has settled bribery and market manipulation investigations brought by authorities in the US,…
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North Sea nations announce ambitious offshore plans to deal with Russia energy risk
Germany, Belgium, Denmark and the Netherlands have signed an historic agreement to combine forces and deliver a massive 65GW of…
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Challenging German market conditions persist in key lines
The difficult state of the German industrial and commercial insurance market, particularly for cyber and D&O risks, has been confirmed…
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Generali GC&C names new German underwriting head
Generali Global Corporate & Commercial (Generali GC&C) has promoted Matthias Arnold to head of underwriting in Germany. Arnold was previously…
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PERILS raises February’s European windstorm loss estimate to €3.61bn
PERILS has increased its insured loss estimate for three storms that hit continental Europe and the UK in February to…
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GDV confirms 2021 was costliest nat cat year ever for German insurers
The German Insurance Association (GDV) has confirmed that last year was the costliest nat cat year ever for German insurers,…
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Zurich names new CFO of commercial business
Zurich Insurance has named Aviva’s Sarah Maillet as chief financial officer of commercial insurance to replace Paolo Mantero, who was…
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Global Insurance Law Connect report highlights cyber risks from war in Ukraine
The latest edition of the annual Risk Radar Report from Global Insurance Law Connect (GILC) warns of the impact of…
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AGCS continues recovery under Müller as group takes further big investment hit
Allianz Global Corporate & Specialty (AGCS) starred as Allianz Group confirmed its full-year outlook for operating profit of €13.4bn, plus…
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German risk managers remain unimpressed by insurers’ performance at renewal
The reputation of leading industrial and specialty insurers among their key German customers has not improved much since this time…
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AXA XL’s insurance prices rise 10% as group faces ‘mid-sized’ cat loss from Ukraine
AXA XL’s insurance revenues were stable in the first quarter with price rises of 10% offset by a focus on…
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Delvag reports profit and premium increase as aviation sector recovers
Delvag Versicherungs, the insurance operation of Germany’s Lufthansa Group, has posted decent figures for 2021 partly on the back of…
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Insurers to be told to stop covering Russian oil exports in effort to sink Putin
As European Commission (EC) President Ursula von der Leyen announced the sixth package of sanctions on Russia, including a complete…
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Corporate Solutions holds steady as Swiss Re falls to $248m loss
Swiss Re Corporate Solutions delivered a “solid” set of results in Q1 despite booking $129m of reserves for the Ukraine…
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German insurers back shift away from cheap Russian energy
The German insurance industry is backing the recent acceleration in the shift away from reliance on Russian energy towards renewables,…
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EU companies to gain protection from state-backed foreign takeovers
The European Parliament this week gave its support for a proposed regulation designed to protect European companies vulnerable to takeover…