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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 13, 2023
UK polluters face unlimited fines under new legislation
UK companies will soon run the risk of unlimited civil fines and penalties for polluting waterways and other ecosystems, with…
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July 13, 2023
French SMEs under pressure as insolvencies leap
French business insolvencies are fast-rising, particularly among SMEs as they struggle to cope with a combination of rising energy costs,…
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July 13, 2023
AXA buys GACM España for €310m
AXA has competed its €310m acquisition of Spanish P&C and health insurer Groupe Assurances du Crédit Mutuel España (GACM España).…
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July 13, 2023
Mounting calls for onshore EU captives despite hurdles
Several companies are now looking to establish captives in France following changes to the country’s captive laws, but calls for…
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July 12, 2023
AXA in talks to sell P&C reinsurance arm and reduce nat cat exposure: Reuters
AXA is considering selling its P&C reinsurance business to reduce exposure to nat cat risk, according to Reuters. The news…
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July 12, 2023
French riots cost insurers €650m in initial wave of claims
Losses from protests and riots in France following the police shooting of a teenager in a Paris suburb will cost…
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July 11, 2023
UK property market stabilising with prices up between 1% and 10%: Aon
Aon has told Commercial Risk that the UK property insurance market continues to stabilise, with buyers facing average rate increases…
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July 11, 2023
Belrim planning for Golden Jubilee celebrations next year
Belrim will continue to focus on delivering its shorter one hour, virtual events for members alongside traditional day-long physical conferences…
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July 10, 2023
ExCel ruling opens up Covid BI payments for tens of thousands of policyholders
Insurers could face payouts to tens of thousands of UK business interruption (BI) policyholders for Covid-19 losses after last month’s…
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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
CIIA urges boards to elevate internal audit as economic risks increase
More than half of UK internal audit executives (56%) rate the risk of economic uncertainty to their business as high…
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July 7, 2023
Storm Poly losses up to €100m say Dutch insurers
Storm Poly will cost Dutch insurers between €50m and €100m from damage to commercial property, homes and cars, according to…
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July 7, 2023
Italian flood losses total €377m, says PERILS
Cat data firm PERILS said May flooding in Italy’s Emilia-Romagna region will cost Italian property insurers €377m. The total economic…
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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 6, 2023
French brokers told to work closely with risk managers on cyber renewals
Cyber analytics firm CyberCube has advised French brokers to work proactively with insureds to address any ransomware-related vulnerabilities before renewal…
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July 6, 2023
Pen acquires Norwegian marine MGA Fender
Pen Underwriting has acquired fellow MGA Fender Marine in Norway for an undisclosed fee. Pen said the move is part…
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July 6, 2023
Howden buys UK entertainment broker MIB
Howden has bought UK and Irish television broker Media Insurance Brokers (MIB) International as part of plans to become the…
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July 5, 2023
MGA Spring Insure targets European financial lines growth with underwriter hires
Financial and professional lines MGA Spring Insure plans to significantly expand its footprint in the UK and European FinPro sector,…