Europe
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February 28, 2024
Cyber vulnerabilities to rise 25% in 2024, warns Coalition
The number of cyber vulnerabilities globally is predicted to jump by 25% in 2024, according to US-based cyber insurer Coalition,…
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February 27, 2024
Munich Re urges European politicians to back cyber pool
Munich Re has urged policymakers in Europe and Germany to throw their weight behind a state-funded backstop for systemic cyber…
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February 27, 2024
P&C reinsurance dents Munich Re’s profits but ERGO performs well
Munich Re’s profit fell 13.4% last year to €4.58bn, despite improved performance at its primary unit ERGO, as P&C reinsurance…
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February 27, 2024
Mothers Rise Up stages fossil fuel protest outside Lloyd’s
Climate action group protestors have urged Lloyd’s to cease insurance for new fossil fuel projects, and called for a “fair…
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February 27, 2024
Beazley highlights global cyber regulatory changes
The Portuguese Insurance and Pension Funds Supervisory Authority has recently declared that insurance contracts indemnifying the ransom payment associated with…
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February 27, 2024
German insurers demand new traffic rules if cannabis legalised
German insurers are calling on the federal government to create clear rules for road traffic as quickly as possible if…
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February 27, 2024
Specialist marine MGA receives full FCA approval
Specialist marine MGA Amphitrite Underwriting London has received full authorisation from the UK Financial Conduct Authority (FCA). Amphitrite said that…
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February 26, 2024
More than half of UK exporters hit by Red Sea shipping disruption
More than half (55%) of UK exporters have been impacted by disruption to shipping in the Red Sea and face…
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February 26, 2024
Finland, Portugal and France top EU workplace gender-equality ranking
Finland has the most gender-equal workplaces in the EU, followed by Portugal and France, with Hungary bottom of the ranking…
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February 26, 2024
Valencia fire sparks cladding concern as Mapfre confirms it is on cover
The fire that killed at least ten people in Valencia last week has triggered a debate in Spain about the…
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February 26, 2024
New executive director for international markets at QBE
Kevin Shallow has been appointed to the role of executive director, international markets at QBE. The insurer said his role…
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February 26, 2024
UK urged to adopt mandatory internal audits for water firms
UK and Irish auditors have called on water suppliers to conduct mandatory internal audits to identify weaknesses, and operational and…
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February 23, 2024
AGCS’s profits up 20.6% to help Allianz Commercial hit €2.6bn
Allianz Global Corporate & Specialty (AGCS) saw its operating profit jump 20.6% last year to €953m and business volume rise…
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February 23, 2024
Only half of firms retrieve data after ransomware payments
Most cyberattacks breached organisations’ networks through their supply chain, according to US-based cybersecurity firm Cybereason. It found that 41% of…
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February 23, 2024
UK extends Russia sanctions to metal, diamond and more energy firms
The UK has extended sanctions to 50 new Russian businesses and individuals, including electronic companies, metal and diamond businesses, oil…
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February 23, 2024
UK crime agency hails destruction of world’s ‘most harmful’ cybercrime group
The UK’s National Crime Agency (NCA) has revealed details of an international campaign targeting LockBit, described as the world’s most…
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February 23, 2024
Air pollution rises up risk agenda in UK and EU
Air pollution is the fastest-growing insurance protection gap among climate risks, say Airmic members polled in the association’s latest survey.…
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February 22, 2024
Risk management frameworks key to mitigating AI risks, says Ferma webinar
Responsible AI policies and risk management frameworks will be critical to navigating the complex technical and compliance challenges of artificial…
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February 22, 2024
EU agrees carbon removals certification framework
The European Council and Parliament negotiators have reached a provisional political agreement on a regulation to establish the first EU-level…
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February 22, 2024
Profit jumps 21% at Zurich to record-high $7.38bn
Zurich’s operating profit jumped 21% in 2023 to $7.38bn, a new record for the group driven by commercial insurance and…