Italy
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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…
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Scuderi wins Italian risk manager of the year
Michelangela Scuderi, head of risk management at Ferrovie dello Stato Italiane, has won Italian risk manager year at awards held…
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Italy delays mandatory nat cat scheme
Italy has delayed new rules that will make it compulsory for companies to buy natural catastrophe cover, according to reports.…
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Regulatory approval of Optio’s acquisition of Italian MGA Heca
Specialty MGA Optio Group has completed its strategic investment of Italian MGA, Heca S.r.l., after receiving regulatory approval. First announced…
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New rules offer Europe’s captives a mix of relief and challenges: AM Best
European captives face new regulatory challenges and added costs from cybersecurity rules imposed by DORA from January 2025 on the…
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Rate hikes in 2025 to keep pace with claims for Europe’s insurers: Fitch
Lower claims inflation balanced by moderating premium rates across Europe’s insurance markets underline Fitch’s unchanged neutral outlook for the sector…
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Italian insurers shock resistant as non-life premiums rise 8%: Morningstar
Italian insurers are expected to maintain profitability next year on the back of strong premium growth in 2024, and are…
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European firms take biggest hit from trade wars: Verisk Maplecroft
European businesses are among the hardest hit by rising costs from deglobalisation and more protectionist trade policies, according to risk…
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Everest expands in Italy
Everest Group has said it will expand its European operations with the launch of an insurance business in Italy. Everest…
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Italian insurance market slowly improving but concerns over nat cat and ESG
Italian insurance buyers say they now enjoy slightly better market conditions, with room to negotiate in some areas. But they…
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Impact of Italy’s nat cat law on insurers uncertain: Moody’s
Growth in Italy’s P&C market will be driven by changes in the country’s proposed legislation to mandate nat cat insurance…
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UK property pricing up to 20% lower in Q3: Aon
Pricing in Europe became more buyer friendly in Q3, with long-term agreements available to allow clients to extend current softer…
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Anra and Italian business worried about mandatory nat cat scheme
Italy’s risk management association Anra and those representing Italian business are concerned about the confusion that still reigns over the…
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Extreme weather shocks are disrupting supply chains – here’s what risk managers can do
Following the annual Anra conference, BELFOR’s Martin Schachtschneider outlines what the climate crisis means on the damage restoration frontline and…
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Swiss Re sells digital insurer iptiQ
Swiss Re has found a buyer for its Luxembourg-based digital insurer iptiQ, after earmarking the unit for disposal earlier this…
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Storm Boris losses pegged at €1.89bn: Perils
Flooding in central Europe in September is estimated to cost insurers €1.89bn, according to industry loss expert Perils. Publishing its…
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New head of aviation at Generali Global Corporate & Commercial
Paolo Silvestri has been appointed as the new head of aviation at Generali Global Corporate & Commercial. The insurer said…
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Corporate bankruptcies to climb 14% in Europe
Business insolvencies in western Europe are predicted to rise for the third consecutive year, by +14% in 2024, according to…
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Italian government again calls on banks and insurers for budget support
Italian insurance companies face a bill of up to €1.3bn, based on analysis of the government’s planned demand for up…