DACH
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July 20, 2023
US Fed fines Deutsche Bank $186m and demands better risk management
The US Federal Reserve has fined Deutsche Bank $186m for failing to act on historical orders to improve sanctions compliance…
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July 18, 2023
German insurers call for policies to be excluded from EU due diligence directive
German insurance association GDV has warned the EU that, as it currently stands, the proposed Corporate Sustainability Due Diligence Directive…
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July 18, 2023
Funk reports return to risk-based underwriting in Germany
Hamburg-based leading independent broker Funk said German risk and insurance managers have found insurers are finally taking the individual risk…
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July 14, 2023
German insurers welcome simplification of sustainability reporting rules
The German insurance association (GDV) has welcomed the latest version of the European Sustainability Reporting Standards (ESRS) following public consultation…
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July 13, 2023
German business confidence dries up along with the Rhine
German business confidence has fallen again as the risk of another European supply chain disaster rises because water levels on…
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July 10, 2023
Inflation is the key focus say German insurers
Inflation, rather than financial stability, is, and will remain, the big issue in Germany over the coming months, but there…
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July 7, 2023
German insurers call for building reforms as storm losses bite
The German insurance sector faces another hefty nat cat bill as recent summer storms have left the industry with a…
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July 3, 2023
Ransomware attacks spike 40%
Global ransomware attacks surged 40% in the year to April 2023, driven by trends including ransomware-as-a-service and attacks on organisations…
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June 30, 2023
Insurtech funding falls but $7trn market opportunity
Insurtech funding fell to $2.4bn for the first half of 2023, a decline of 45% from the same period in…
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June 29, 2023
German industry calls for reduction in red tape to cope with transition risk
German industry has called for a reduction in red tape, regulation and bureaucracy to help it cope with the painful…
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June 28, 2023
German legal protection insurers’ dieselgate payouts top €1.5bn
The cost of the diesel scandal is the highest in the history of Germany’s legal protection industry, with the total…
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June 28, 2023
Global insurance outlook remains ‘neutral’ says Fitch
The global insurance outlook remains ‘neutral’, according to Fitch Ratings, although several key developed market non-life insurance sectors have a…
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June 27, 2023
German court hands down sentences in dieselgate scandal
The former CEO of car manufacturer Audi, part of the Volkswagen group, has been handed a suspended sentence and fined…
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June 26, 2023
AGCS names new CFO
Allianz Global Corporate & Specialty (AGCS) has appointed Oskar Buchauer as chief financial officer (CFO), as incumbent Claire-Marie Coste-Lepoutre moves…
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June 21, 2023
Howden buys two more Swiss brokers
Howden has acquired a further two Swiss brokers as part of its continued expansion in Europe. RVA Versicherungsbroker and argenius…
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June 20, 2023
Risk Advisory opens first European office in Switzerland
Risk management consultancy the Risk Advisory Group has opened its first office in central Europe, in Zurich, as part of…
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June 16, 2023
Howden buys German marine broker Northern Lloyd
Howden has bought German marine broker Northern Lloyd to add to its growing presence in the country through Howden Deutschland.…
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June 6, 2023
SRS Luxembourg appointed as Knauf’s captive manager
Strategic Risk Solutions (SRS) Luxembourg has picked up its first German client with its appointment by Knauf, one of the world’s…
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May 31, 2023
Less trust in AI among digitally advanced countries, finds Swiss Re
Consumers in more digitally advanced countries have less trust in AI than those from less technologically advanced nations, finds a…
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May 23, 2023
HDI Global says turnaround complete as it delivers strong Q1 numbers
HDI Global said its turnaround is now complete as the company’s underwriting results and combined ratio improved in the first…