Nordics
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European insurance M&A hits record high in 2022
Investor appetite for European insurance assets hit a new record high in 2022, with a total of 435 deals recorded…
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IGI acquires Norway-based MGA Energy Insurance Oslo
Bermuda-based specialty risks commercial re/insurer International General Insurance Holdings (IGI) has completed its acquisition of Norway-based managing general agency Energy…
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Worldwide Broker Network expands members and sponsors
The Worldwide Broker Network (WBN) has added four new members and two new sponsors, and seen a significant expansion of…
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Maersk files lawsuit against Evergreen over Ever Given’s Suez Canal delays
Shipping company Maersk is suing ship operator Evergreen and others for delays to shipments caused by the Suez Canal blockage…
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Sedgwick expands Nordic operations into Finland
Global claims group Sedgwick has announced further expansion into the Nordic insurance market through the creation of a new Finnish…
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Italy and France warn of ‘massive’ global ransomware attack
Italy’s cybersecurity agency is the latest to warn about a global ransomware threat targeting vulnerabilities in VMware servers, according to…
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Latest IPT rate changes globally from TMF Group
A number of insurance premium tax (IPT) rate changes, together with other tax changes impacting global insurance programmes, have been…
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Lockton opens Swedish office
Lockton is opening a new office in Stockholm, Sweden as it looks to expand in the Nordic region. The broker…
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Danske Bank settles AML probe for $2bn as SEC finds ‘inadequate’ risk management
Denmark’s largest bank Danske Bank has agreed to pay more than $2bn to settle US regulatory investigations into money laundering…
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Finland adopts whistleblowing law and Germany likely to follow
The European Commission’s infringement proceedings brought against more than half of member states for failing to implement its Whistleblowing Directive…
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Zurich keeping ‘close eye’ on potential US-style social inflation in Europe
Zurich is keeping a “close eye” on the litigation landscape in Europe as we head towards the introduction of the…
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European business demands ‘regulatory breathing space’ from EU
European companies urgently need regulatory breathing space as they face up to a fast-rising raft of global competitive pressures, according…
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Risk managers face growing ESG risks
The interconnectivity of ESG risks is creating new challenges that risk managers and their organisations cannot afford to ignore. ESG…
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Conflict on the rise over EU’s focus on the ‘S’ in ESG
Brussels-based European business confederation BusinessEurope is “deeply concerned” about what it describes as the “overly detailed and prescriptive” requirements that…
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New international leadership team at SiriusPoint
Global specialty (re)insurer SiriusPoint has appointed Rob Gibbs as president of its international business and CEO of SiriusPoint International Insurance.…
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Eiopa publishes dashboard to help tackle nat cat protection gap
The European Insurance and Occupational Pensions Authority (Eiopa) has released a dashboard that depicts the insurance protection gap for natural…
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Insurers criticise inclusion of sector in EU’s AI Act high-risk list
Insurance Europe, the representative body of the European insurance sector, has said it is disappointed by the decision by the…
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German insurers report progress on ESG goals
German insurance companies have become the first in Europe to publish the carbon footprint for part of the entire industry’s…
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EIOPA opens debate on prudential treatment of sustainability risks
The European Insurance and Occupational Pensions Authority (Eiopa) has today published a discussion paper on the prudential treatment of sustainability…
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ESG is worth it… despite the global meltdown
The Commercial Risk team arrived in Antwerp this week to host our latest annual conference, with Belgian risk and insurance…