Europe
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March 26, 2024
Policyholders to benefit from Pool Re’s new treaty structure
UK policyholders, insurers and tax payers are expected to benefit from the shift of state-backed terror insurance facility Pool Re…
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March 26, 2024
HDI Global posts strong growth despite rising competition
HDI Global has announced double-digit growth in insurance revenue and a further improved combined ratio as the Germany-based insurer continued…
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March 26, 2024
Companies must accelerate transition to strategic risk management in face of polycrisis, says Ferma
Ferma has told Commercial Risk that while the upward direction of travel is clear, there remains a way to go…
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March 26, 2024
UK imposes sanctions for China-backed cyberattack on electoral register
The UK government has imposed sanctions on two Chinese nationals and a company after accusing China state-backed actors of orchestrating…
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March 26, 2024
Softer UK PI market drives fewer law firm closures
Softer rates for professional indemnity insurance (PII) in the UK, driven by capacity from new entrants, has seen the number…
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March 26, 2024
Non-damage BI parametric weather product launched by Chaucer
Chaucer has launched a new parametric weather product to cover non-damage business interruption. The London-based specialty (re)insurer has partnered with…
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March 26, 2024
Miller makes four appointments from WTW to onshore energy team
Adam Barber-Murray has been appointed to lead Miller’s onshore energy practice. In his new role as Miller’s head of onshore,…
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March 25, 2024
CEO syndrome threatens effectiveness of ERM
Risk managers must be alive to the effects of cognitive bias on enterprise risk management (ERM) programmes and take steps…
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March 25, 2024
RSA names Collman property lead for UK specialty lines
RSA Insurance has appointed Tony Collman as property director in its UK specialty lines business. Collman has been filling the…
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March 22, 2024
French group triggers plan to repatriate Luxembourg captive back home
French aerospace group Safran has told Commercial Risk that it is relocating its reinsurance captive company from Luxembourg back to…
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March 22, 2024
Europe dominates FM Global resilience index
European countries dominate the top ten most resilient nations in FM Global’s latest 2024 Global Resilience Index, which measures 130…
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March 22, 2024
Risk managers turn to parametric solutions as protection gap widens
Parametric coverages are rapidly becoming an essential part of the risk management toolbox, as organisations the world over struggle to…
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March 22, 2024
London market seeing more benign conditions but uncertainty remains
Improved results by many insurers in the London insurance market have supported a transition towards more benign market conditions, characterised…
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March 22, 2024
Slow progress for women in UK’s financial firms as representation reaches 35%
More than 200 UK finance firms averaged 35% of women in senior management roles in 2023, up just 1% from…
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March 22, 2024
Zurich expands into the Baltics
Zurich is entering the Baltic market to offer solutions for middle-market companies in Estonia, Latvia and Lithuania. The expansion will…
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March 21, 2024
Two-paced Spanish market softening in places with long-term agreements back on the table
The latest renewals showed that insurers have more appetite for Spanish risks, resulting in a significant softening in several market…
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March 21, 2024
European directors expect little change in D&O premiums, finds WTW poll
The overwhelming majority of European directors either expect their premiums for D&O cover to remain the same or increase next…
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March 21, 2024
Talanx says industrial lines growth strategy is paying off
German insurance and reinsurance group Talanx has reported that insurance revenue in its industrial lines division, led by HDI Global…
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March 21, 2024
Airmic backs voluntary UK cyber governance code to ‘focus the minds’ of board members
Airmic and its members back a voluntary code for cyber governance in the UK, which is currently under consultation and…
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March 21, 2024
Business confidence in Europe’s competitive position falls
Europe’s business federation believe that there has been no improvement in the position of European companies against global competition, with…