Legal & Regulation
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Amrae backs more proportionate CSDDD and central role for risk managers
French risk management association Amrae doesn’t want to scrap the Corporate Sustainability Due Diligence Directive (CSDDD) but is in favour…
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Medics push EC for universal PFAS ban
Europe’s legislators have been urged by a group of medical professionals to phase out PFAS and not exempt the healthcare…
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Insurance Europe calls for changes to ‘excessive’ AML rules
Europe’s insurers have called for new proposals to strengthen the bloc’s anti-money laundering (AML) framework to be revised. Commenting on…
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Airmic ‘confident’ about UK captive regime after feedback from Treasury
Airmic expects a new captive regime in the UK after it was told by HM Treasury and the Bank of…
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German insurers book €5.7bn nat cat loss in 2024
Heavy rain, floods, storms and hail caused €5.7bn of insured losses in Germany in 2024, roughly the same amount as…
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LMG remains optimistic about UK captive regime
The London Market Group (LMG) has told Commercial Risk Europe that it is optimistic the UK government will move ahead…
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Cargo ship fire prompts call for new protection measures
Insurers have called for improved fire protection strategies for ships carrying vehicles, including electric cars, following the latest major fire…
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Munich Re resigns from climate alliances citing ‘legal uncertainty’
Munich Re has announced it has withdrawn from multiple climate alliances, including the UN-convened Net Zero Asset Owner Alliance, citing…
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EC moots public-private initiative to remove PFAS from water
The European Commission said it will set up a public-private initiative to detect and remove PFAS from water. As part…
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Captives bill heads to Connecticut governor
The Connecticut legislature has passed a bill that updates the state’s captive insurance statutes. House Bill 6433, which passed the…
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EU adopts new crisis management measures for cyber threats
The Council of the European Union has adopted a cyber crisis management blueprint to guide the bloc’s response to large-scale…
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M&S cyberattack attracts customer class action
A personal injury law firm has recruited more than 350 Marks and Spencer (M&S) customers to join a class action…
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Sweden extends insurance checks on foreign ships amid Russia threat
Sweden will extend insurance checks on all vessels passing through its waters from 1 July as it tightens controls on…
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Research links 124,000 deaths in EU and UK to Dieselgate vehicles
Emissions from diesel vehicles in the UK and EU suspected to be more than twice the legal limit – after…
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Trade policy driving uncertainty among chief economists: WEF
Almost all (97%) chief economists rank trade policy as among the highest areas of global risk in the year ahead,…
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Denmark opposes France and Germany’s call to scrap CSDDD
The Danish government does not agree with recent calls from France and Germany to scrap the Corporate Sustainability Due Diligence…
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German court rules major emitters can be held liable under civil law
Judges at the Higher Regional Court of Hamm in Germany have ruled that German civil law can be used to…
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Italy’s nat cat insurers will need to top up SACE reinsurance: AM Best
Italian insurers obliged to underwrite nat cat risks for corporates under the country’s new mandatory rules are likely to need…
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Former VW execs convicted over emissions scandal
A German court has convicted four former Volkswagen managers for their part in the diesel-emissions scandal that broke in 2015.…
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Cyber rises to become top reputational risk for corporates
Cyberattacks trended as the top reputational risk for 65% of corporates, according to a global poll by Willis, usurping environmental…