Europe
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Mapfre Global Risks’ net result up 28% in first nine months
Mapfre Global Risks unit recorded a net result of €28.4m for the first nine months of 2024, up 28%, which…
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Insurance Europe warns Solvency II proportionality reforms are ‘more restrictive’
Insurance Europe has warned that proposals to reform Solvency II rules to reduce the burden on smaller and non-complex firms…
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HDI Global announces change to executive board
Germany-based specialty insurer HDI Global has named Dr Renate Strasser as the latest addition to its executive board. Effective as…
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Fortegra names Europe CFO
US-based specialty insurer Fortegra Group has appointed former HDI Global executive Richard Mangion as chief financial officer for its UK…
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Corporates urged to focus on sustainable cyber programmes in softening market
Munich Re’s head of cyber for large corporates is urging insurance buyers to focus on the sustainability of their cyber…
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Non-financial misconduct cases rise sharply among London City firms
Cases of sexual harassment, bullying and discrimination within UK financial services firms rose by 75% between 2021 and 2023, according…
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Softening accelerates in UK, reveals Marsh
Softening is accelerating in the UK commercial insurance market, where average rates fell 5% in the last quarter, reports Marsh.…
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Allianz Commercial says insurers can do better job on emerging risks
The insurance industry can do a much better job to help companies deal with the evolving risk landscape, a leading…
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LMA report highlights ‘critical enabler’ role of insurance in transition
Insurance is a “critical enabler” in the transition to a more sustainable future, according to a new report from the…
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Risk managers need deeper understanding of tech dependencies, says Arquint
The CrowdStrike outage was a “wake-up call” for the risk management community, highlighting the likelihood of future surprise events from…
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German insurers call for ‘bold’ action on climate change
The German insurance association (GDV) has called for “bold” and “radical” measures to tackle the fast-rising threat of climate change,…
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European rates finally stop rising in Marsh index
Average commercial insurance rates stopped rising in Europe for the first time in years during the last quarter, according to…
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Softening underway ahead of 1/1 renewals amid market transition
The commercial insurance market facing European buyers is moving into softening territory for most risks as we enter year-end renewals,…
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Insurance industry in ‘fight for relevance’, says Ferma panel
The insurance industry is fighting to remain relevant amid a risk revolution, said experts during a key panel debate at…
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Companies suffering from cybersecurity blindspots
Recently published research has revealed a false sense of security among the majority of UK companies when it comes to…
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Global market softens for first time in seven years: Marsh
Average global commercial insurance prices have fallen for the first time in seven years, down 1% in Q3 driven by…
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Nordic prices set for further rises: Fitch
Prices will continue to rise across the Nordic P&C market to offset higher claims costs, according to Fitch Ratings. Publishing…
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Rokstone in three-year binding authority with Aviva for D&F property
London-based MGA Rokstone has agreed a three-year binding authority with Aviva for its direct & facultative (D&F) property portfolio, enabling…
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Generali exits cover for new oil and gas expansions
Italian insurer Generali has announced it will no longer underwrite new projects for oil and gas expansion. The move has…
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Europe’s open finance rules ‘cumbersome’
German banks and insurers have criticised Europe’s proposed new rules on open finance, which are intended to improve the access…