Italy
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Perils increases loss estimate from Italy’s May floods to €509m
Catastrophe data specialist Perils has increased its insured loss estimate for floods in the Emilia-Romagna region of Italy this May…
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UK to follow French lead as government consults on new captive regime
The UK risk and insurance management community received good news from its government this week, which announced plans to deliver…
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Transition plans and ESG transparency vital for cover as insurers grapple with EU rules
Insurers will only be able to fully support European clients that comply with a raft of new EU ESG rules…
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Ivass ramping up pressure on Italian insurers’ ESG credentials
The Italian insurance supervisor Ivass will more closely monitor the sustainability related investment and underwriting activities of insurers after its…
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Generali commits to growth while retaining ‘adaptive’ price discipline
Generali said during its nine-months results announcement that it would stand firm on P&C pricing in coming renewals despite promising…
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Economy, energy and weather big risks for Italian firms, finds WEF survey
Economic downturn, energy supply shortage and extreme weather events are the top three risks facing Italian companies over the next…
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Italian supervisor focuses on cyber awareness among SMEs and individuals
The Italian insurance supervisor Ivass has launched Cybersecure, its information campaign focused on cybersecurity that is designed to raise awareness…
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Italian risk managers must prepare for due diligence rules
Italy is lagging behind other leading European nations in the adoption of national laws to ensure that organisations are carrying…
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Cosimi urges companies to start treating sustainability as business enabler
The time has come for corporate sustainability to be seen as a positive business enabler rather than an issue that…
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Insured losses from Europe’s storm Ciarán up to €1.3bn: Verisk
European storm Ciarán is estimated to have caused insured losses of between €800m and €1.3bn, according to initial estimates from…
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Europe’s captive market set to grow: AM Best
Competition between jurisdictions and a continuing hard insurance market look set to increase the number of captives operating in Europe,…
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Spanish and Italian risk managers push for simplified captive rules
Leading risk managers have urged Italian and Spanish regulators to align themselves with other European jurisdictions and make it easier…
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Latest insurance premium tax rate changes from TMF Group
TMF Group has announced the latest rate changes to insurance premium tax (IPT) and other insurance levies around the world,…
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Sompo International set for further expansion and growth in Europe
Sompo International will continue its recent expansion across continental Europe over the next 12 to 24 months and aims to…
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Allianz acquires Italy’s Tua from Generali to cement market position
Germany’s Allianz has further strengthened its presence in Italy by agreeing to acquire P&C carrier Tua Assicurazioni, formerly part of…
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European insurance M&A surge boosted by broker consolidation
Merger and acquisition (M&A) activity in the European insurance sector increased 22% in H1 2023, according to FTI Consulting, with…
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Italy storm costliest non-US nat cat in Q3 at $2.2bn: CRESTA
Severe convective storms in Italy this July caused the largest insured loss in the third quarter, excluding events in the…
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Generali appoints Allianz’s CFO Terzariol as CEO of new division
Allianz’s chief financial officer Giulio Terzariol is joining Generali to head a new division that brings together all of the…
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Howden adopts unified brand to ‘unlock’ growth
Fast-growing global broking group Howden has unveiled a new brand as it brings together its global broking operations under one…
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TikTok fined €345m for child data GDPR breaches
Social media platform TikTok has been fined €345m for a series of European data protection rule breaches after Europe’s regulators…