Italy
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Everest appoints Mariani to lead Italian insurance
Everest has appointed Giacomo Mariani to lead its insurance business in Italy, following the opening of its Milan office in…
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European regulators set to ease requirements for captives
European captive owners face significant regulatory hurdles, but potential changes could reduce the number of filings companies need to make,…
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Italy’s delayed mandatory nat cat cover law to start on 31 March
Delayed legislation requiring Italian companies to buy natural catastrophe cover has now been published in the Official Journal of the…
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Marsh acquires Italian broker
Italy-based insurance broker Fontana Rava-Toscano & Partners (FRT) has been acquired by Marsh as part of the global broker’s Italian…
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Support grows for EU-wide nat cat pool
A European-wide reinsurance scheme to cover growing losses from natural catastrophes would reduce the significant protection gap and secure the…
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Italy drops criminal charges against Google as it pays €326m tax bill
Google has agreed to pay €326m to Italy’s treasury to settle a dispute over its tax bill. Prosecutors said the…
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Only seven EU countries have fully transposed NIS2: reports
Just seven member states have fully transposed Europe’s cybersecurity rules under NIS2, according to reports. A spokesperson for the European…
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US tariffs on Europe could wipe 1pp from GDP growth: Allianz Trade
Europe and the US could see almost 1pp wiped from GDP growth in the year ahead if President Trump’s threat…
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Generali investor Caltagirone reportedly mulls another attempt to oust CEO
Italian billionaire and Generali investor Francesco Gaetano Caltagirone could resurrect an attempt to challenge Philippe Donnet’s position as CEO of…
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ENI’s Italian captive rated ‘excellent’ by AM Best
AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of a (Excellent)…
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Ferma working to spread French captive rules across Europe
Ferma has told Commercial Risk that it believes the new French captive regime has “clear potential to be replicated in…
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Italian broker Edge seeks further growth with private equity investor AnaCap
Private equity firm AnaCap has acquired a majority stake in Italian commercial insurance broker Edge Group, which also provides risk…
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BHSI hires ex-AIG underwriter to launch casualty in Italy
Berkshire Hathaway Specialty Insurance (BHSI) has named former AIG underwriter Francesco Longobardo as head of casualty in Italy. BHSI said…
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European data protection bodies criticised for low rates of GDPR fines
Just over 1% of data protection complaints in Europe, filed since the General Data Protection Regulation (GDPR) came into force…
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German MGA Wecoya acquires Norway’s Atlas Garanti
German broker GGW Group’s managing general agent Wecoya Underwriting said it will acquire Atlas Garanti as its expands into the…
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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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Ex-Generali CEO named president of Ania
Italian insurance association Associazione Nazionale fra le Imprese Assicuratrici (Ania) has elected Giovanni Liverani as its new president for the…
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Italy fines OpenAI over data privacy violations
OpenAI, the developer of generative artificial intelligence platform ChatGPT, has been fined €15m by Italy’s data protection authority Garante. The…
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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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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…