Europe
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November 18, 2024
EC told to regulate third-party litigation funding
Europe’s insurers and business groups have called for new rules to regulate third-party litigation funding, which they say has been…
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November 15, 2024
EU delays deforestation regulation
The European Parliament (EP) has voted to postpone EU deforestation obligations (EUDR) one year so that companies can more easily…
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November 15, 2024
UK confirms captive regime plans
The UK’s risk and insurance community has welcomed confirmation that the UK will pursue new rules to create a captive…
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November 15, 2024
EU hits Meta with €800m fine over Facebook ads
The European Commission has fined Meta, parent company of Facebook, €798m for breaching anti-trust rules. The penalty related to Facebook…
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November 15, 2024
Allianz Commercial appoints London mid-market head
German insurer Allianz Commercial has bolstered its mid-market operations after naming Rob Carslake as its new head of London region…
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November 15, 2024
Spanish flood loss estimate rises to €4bn, analyst warns of rate hikes
Morningstar DBRS has increased its estimate of insured losses from flooding in Spain’s Valencia region two weeks ago to at…
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November 14, 2024
Durisch named Allianz Commercial chief sustainability officer
Allianz Commercial has announced changes to the board of management of Allianz Global Corporate & Specialty SE (‘AGCS SE’ as…
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November 14, 2024
European Commission urged to delay Corporate Sustainability and Due Diligence Directive
The European Commission has been urged to delay the Corporate Sustainability and Due Diligence Directive (CSDDD) by European trade federation…
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November 14, 2024
France reveals number of captives jumps to 17
A family-owned producer of climbing gear is the latest company to create a reinsurance captive in France, according to media…
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November 14, 2024
Europe’s insurers will move to clarify cover for AI risks
Insurance is widely thought to provide ‘silent’ cover for losses related to artificial intelligence at present, but insurers will most…
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November 14, 2024
Previsco launches new flood-forecasting product
UK-based flood forecasting provider Previsco has launched a new service aimed at enhancing companies’ flood mitigation. The Instacasting suite of…
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November 14, 2024
Swiss Re Corporate Solutions on target for sub-93% combined ratio
Swiss Re Corporate Solutions has reported net income of $207m for the third quarter of 2024 and $642m for the…
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November 14, 2024
Price Forbes appoints director to global construction team in London
Henry Morgan is to join Price Forbes’ global construction team in London as director – construction. With over 13 years…
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November 14, 2024
HDI and Hannover Re drive record Talanx results
The Talanx Group has lifted its previous group net income target of more than €1.7bn for 2024 to more than…
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November 14, 2024
Scor reports 9M net loss of €229m
Scor said P&C reinsurance market conditions “remain attractive” for 2025 as the company booked a Q3 net loss of €117m…
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November 14, 2024
Political risk signals heating up for 2025
Global corporates need to pay close attention to key political risk signals going into 2025, according to Verisk Maplecroft, with…
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November 14, 2024
External fraud to leapfrog losses from employees in 2024: Allianz Trade Germany
Artificial intelligence is helping white-collar criminals become more professional and prolific with their fraud schemes, particularly those involved with social…
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November 14, 2024
Ousted Generali exec Cirinà takes helm at Zurich Austria
Former Generali executive Luciano Cirinà, who was ousted from the Italian insurer in 2022 after a failed coup for the…
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November 13, 2024
Tax insurance records significant global growth, says Marsh
The tax insurance market is experiencing significant growth globally, with insurers expanding their appetite for tax risks and premium rates…
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November 13, 2024
M&A insurance claim costs rise but frequency drops
There has been a significant increase in M&A insurance claim costs, despite a drop in number of claims, according to…