Turkey
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Direct physical damage from Turkiye quake estimated at $34.2bn
The two very large earthquakes on 6 February caused an estimated $34.2bn in direct physical damages in Turkiye, the equivalent…
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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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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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Zurich’s climate charity rolls out urban resilience programme to ten countries
Zurich Insurance Group’s Z Zurich Foundation said it will scale-up its efforts to combat climate change with the launch of…
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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…
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European packaging sector faces up to radical change through new EC waste rules
The European Commission (EC) has proposed a new set of EU-wide rules on packaging that it hopes will tackle “this…
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European court erases years of progress in battle against dirty money, claims Transparency International
The Court of Justice of the European Union (CJEU) has set back the fight against cross-border corruption by years, according…
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European corporate resilience will be tested by energy prices and borrowing costs: ECB
Following the sharp recovery and high profits seen during the past year, euro area corporates now face stagnating activity and…
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EC report reveals fast-growing fire risk in Europe
The European Commission’s Joint Research Centre’s (JRC) report on fires in Europe, the Middle East and north Africa in 2021…
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Companies must ‘walk the talk’ as modern slavery risk escalates, warns Verisk Maplecroft
A quarter of countries have recorded a significant increase in modern slavery risk since the launch of a key tracker…
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Gallagher integrates new Turkish operation
US-based global broker Gallagher has made another step forward in its European expansion by announcing that it has fully integrated…
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Ferma urges OECD to exclude captives from BEPS tax guidelines
Ferma has urged the Organisation for Economic Co-operation and Development (OECD) to amend its coming technical guidelines designed to tackle…
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Microsoft says Russia has increased cyberattacks on Ukraine’s allies
Microsoft has detected Russian cyberattacks on 182 organisations and businesses in 42 countries supporting Ukraine since war broke out, as…
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Turkish insurers under severe strain in 2022-2023, says Fitch
The Turkish insurance industry is facing one of its most challenging operating environments of the past decade, according to Fitch…