Europe
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January 9, 2024
Swiss Re Corporate Solutions names Rüsch head of DACH
Swiss Re Corporate Solutions will appoint Michael Rüsch to the newly created role of head DACH on 1 April. Rüsch,…
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January 8, 2024
Gallagher acquires German financial lines broker Köberich
A J Gallagher has acquired German specialty broker Köberich Financial Lines as it continues to expand in Europe. Gallagher said…
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January 8, 2024
Demand for sovereign debt insurance grows as costs rise: Chaucer
Rates for contract frustration insurance are on the rise as concerns grow that cash-strapped governments are increasingly at risk of…
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January 8, 2024
Bridgehaven and Avid partner to expand UK property capacity for social housing risks
Capacity for social housing property risks in the UK will be boosted by new excess of loss insurance offered as…
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January 5, 2024
Aviation lessor disputes ‘hang over’ market to keep rates high: Gallagher
Legal proceedings brought by aircraft lessors with planes left stranded in Russia after it invaded Ukraine are likely to take…
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January 5, 2024
UK financial services name inflation as top challenge for 2024: KPMG
UK financial services leaders say inflation will be the biggest challenge for their business in the first quarter of 2024,…
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January 5, 2024
EIOPA warns inflation could increase Solvency II capital
Europe’s insurers have been warned that inflation could drive an increase in their solvency capital requirements (SCR). The European Insurance…
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January 4, 2024
Reinsurance renewals ‘smooth’ but cost of European cat cover up: Aon
The 1 January reinsurance renewals were “relatively smooth” with overall pricing flat to slightly up, but things were tougher for…
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January 4, 2024
Gallagher creates new position to help drive European expansion
A J Gallagher has appointed Nepomuk Loesti from AIG to the newly created role of chief commercial officer for European…
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January 4, 2024
Howden buys Norwegian broker
Howden has bought Norwegian broker Arctic Insurance for an undisclosed fee, as it continues plans to expand in the Nordic…
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January 3, 2024
Maersk and Hapag-Lloyd again pull vessels from Red Sea route
A P Moller-Maersk has stopped its vessels from using the Red Sea cargo route to the Suez Canal “until further…
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January 3, 2024
Travelers completes Corvus acquisition
Travelers has completed its previously announced acquisition of US-based cyber MGU Corvus for approximately $435m. Travelers said the deal was…
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January 3, 2024
Health insurers dominate AM Best’s top 25 insurers ranking
US health insurer UnitedHealth Group remains the world’s largest insurance company by 2022 net premiums written (NPW), according to AM…
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January 3, 2024
Turkey earthquake biggest insured non-US nat cat loss
Last year saw seven international (non-US) nat cat events with insurance industry losses exceeding $1bn, according to CRESTA’s latest industry…
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January 3, 2024
Germany’s insured nat cat losses rose to €4.9bn in 2023: GDV
Insured losses from natural catastrophes at German insurers last year reached an estimated €4.9bn, up 23% on 2022, according to…
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January 3, 2024
Prysmian confirmed as second Italian onshore captive
Italian international cable company Prysmian Group has confirmed that it is the second Italian group to receive authorisation for a…
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January 2, 2024
Earnings perils: Redefining the risks that matter
For good reason, the insurance industry has primarily focused on what it regards as ‘primary’ perils – namely, tropical cyclones…
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January 2, 2024
Flat 1 Jan reinsurance renewals as stability returns
January 1 2024 reinsurance renewals were much more stable and smooth than last year due to more favourable supply dynamics,…
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January 2, 2024
HDI Global Specialty names new Scandinavian aviation branch manager
Jamie Bowes has been appointed as the new general manager for aviation of HDI Global Specialty’s Scandinavian Branch. Bowes was…
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January 2, 2024
Supply chains begin 2024 impacted by Red Sea disruption
Shipping through the Red Sea is expected to continue to cause disruption to supply chains after Houthi rebels attempted to…