Europe
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Optio Group to acquire Netherlands and Brussels-based MGA
Specialty MGA Optio Group is to acquire Den Hartigh Beheer & Exploitatie B.V., subject to regulatory approval. The Netherlands and…
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TikTok fined in UK over child safety data failures
Ofcom, the UK’s telecommunications regulator, has fined social media platform TikTok £1.88m for failing to disclose accurate information about its…
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Shipbuilder and telecom create the latest French captives
Two more French companies have set up French-based reinsurance captives following approval of new risk retention rules in the country…
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Insurers call for recalibration of Solvency II review
An insurance lobby group has called on the EU to remove “excessive and unnecessary” capital requirements of Solvency II in…
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Rates moderate further in Europe and fall in UK
Insurance price increases have continued to moderate in Europe, with rates increasing by just 1% in the second quarter of…
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Carbon Underwriting get Lloyd’s approval for second syndicate
Lloyd’s has granted in principle approval for the launch of Syndicate 5757 by specialist managing general underwriter Carbon Underwriting, effective…
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NGOs claim air pollution victory
A court in Berlin has made the nation’s first ruling against the German state on its air pollution policy, according…
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Anra to focus on infrastructure risk at annual seminar
Italian risk and insurance management association Anra will hold its annual seminar on 1 October in Milan that will focus…
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MGA partnership brings capacity for UK waste management and recycling risks
A new partnership has been formed to provide capacity for UK waste management and recycling risks. The partnership is between…
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Solid growth in 2023 for top 20 leading global publicly listed insurers
The top 20 leading global publicly listed insurance companies achieved 6.2% average premium growth in 2023, according to GlobalData. It…
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UK audit reforms will create more work and complexity, says GRC expert
Companies in the UK should start preparing now for wide, sweeping changes to the audit process if they are to…
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Ferma calls for regulatory simplification from Hungarian Presidency of EU Council
Ferma has called upon the Hungarian Presidency of the Council of the EU to help simplify the regulatory maze and…
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Carriers’ green credentials mounting factor in buying decisions
The green credentials of insurers are being factored into buying decisions and will become more and more important for clients,…
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Meta pulls AI model from Europe citing ‘unpredictable’ regulation
Meta will not release its AI large language model Meta AI (Llama) in the European Union over regulatory concerns, according…
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Insurance market finally flattens after seven years of hardening: Marsh
Primary global insurance rates have flattened during the last three months after rising every quarter since the beginning of 2017,…
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MGA OneAdvent joins with security services company on A&H solution
Specialist London-based MGA and broker services platform OneAdvent has joined with risk management and security services company Solace Global Risk…
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Nat cat insured losses hit $58bn in H1: Aon
Insured losses from global nat cats totalled $58bn in the first half of 2024, according to estimates from Aon, lower…
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Consumers ‘disregard’ product recall notices, finds Sedgwick survey
Consumer behaviour in product recalls and product safety is the biggest challenge for manufacturers, according to claims management firm Sedgwick,…
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Marsh McLennan posts higher revenue and profit
Marsh McLennan reported 6% revenue growth in the second quarter, as its reinsurance brokerage arm saw double-digit increases, and a…
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Italy probes Armani and Dior for labour rights breaches in supply chain
Italy’s competition watchdog is investigating Italian fashion house Armani and France’s Dior for using suppliers that allegedly exploited their workers.…