Geopolitical
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September 9, 2022
German buyers question territorial exclusions in global programmes sparked by Ukraine war
German insurance buyers feel that international insurers have “overshot the mark” by introducing so-called “territorial exclusions” for Russia, Belarus and,…
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September 9, 2022
German business unhappy with latest relief package to combat inflation and energy crisis
The Federation of German Industries (BDI) has warned that there are “serious deficiencies” in the latest package of measures announced…
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August 31, 2022
War, inflation and supply chain bottlenecks dampen outlook for German firms
German risk and insurance managers will gather for the annual GVNW Symposium in Munich next week, amid an increasingly bleak…
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August 30, 2022
Global insurance price rises moderate in second quarter, finds Aon
The global insurance market continues to shift to more moderate conditions, with modest price increases combined with growing capacity in…
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August 23, 2022
Macroeconomic pressures but structured credit and political risk insurance capacity grows, says Gallagher
Supply issues, inflation and tightening financial conditions, combined with heightened market volatility and increasingly sluggish Chinese growth, as well as…
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August 17, 2022
EU clarifies ban on carrying and insuring Russian fertilisers and coal applies worldwide
The EU has made clear to EU-based shipowners and the international marine insurance community that its new rules on carrying…
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August 16, 2022
Three quarters of UK firms hit by Russian sanctions amid concern over insurer response, finds Mactavish
Around three quarters of UK companies surveyed by insurance governance firm Mactavish have been hit by sanctions imposed on Russia…
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August 12, 2022
Global insurers begin issuing local Ukrainian policies after pulling back
Global insurers are beginning to write Ukrainian risks again under local policies as the market stabilises, having pulled back from…
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August 11, 2022
Supply chain and cyber espionage risks sparked by China-Taiwan crisis
The fallout from the crisis between China and Taiwan may well see supply chain disruption in the region and will…
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August 9, 2022
China invasion of Taiwan ‘highly unlikely’ but tensions set to remain elevated, says intelligence firm Dragonfly
A Chinese invasion of Taiwan following the crisis last week is “highly unlikely” with the chances at about 15%, according…
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August 8, 2022
Gallagher expands risk management offering via AnotherDay acquisition
The London-based specialty arm of global broker Arthur J Gallagher has acquired risk management consultancy AnotherDay to boost its support…
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August 5, 2022
MS Amlin hit hard by Russia and Ukraine losses
MS Amlin, the international specialty insurer that is part of Japan’s Mitsui Sumitomo group, reported first quarter 2022 results hit…
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August 5, 2022
Protest and civil unrest increases in Latin America
Protests and civil unrest are on the rise in Latin America as a result of economic and social stress, with…
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August 5, 2022
European companies face big ESG risks as they scramble to replace Russian minerals, warns Verisk
European companies in the mining sector and their wider supply chain will be exposed to a raft of ESG risks…
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August 4, 2022
Hannover Re’s H1 P&C profits slide after €316m reserves against Ukraine
Hannover Re’s P&C business saw its net income fall 33% to €398.6m in the first half of this year, after…
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August 3, 2022
Hiscox posts strong underwriting results despite Ukraine losses
London-based specialty insurance and reinsurance group Hiscox posted an impressive combined ratio of 91.3% for the first six months of…
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August 3, 2022
Markel posts strong specialty growth but huge investment losses
US-based specialty insurance and investment group Markel is the latest carrier to report strong revenue growth in the first half…
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August 3, 2022
CyberCube warns of Russian wiper malware that could lead to NotPetya-type losses
The war in Ukraine and growing geopolitical tensions are providing fertile ground for both nation states and criminals to launch…
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August 2, 2022
EU better prepared for Russian gas loss but firms in vulnerable sectors need to prepare for rationing
Members of the EU are far better placed to cope with a potential decision by Russia to cut off its…
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August 1, 2022
Ascot and Marsh launch cover for Ukraine grain and food exports through Black Sea
Lloyd’s of London insurer Ascot and Marsh have launched a marine cargo and war facility to provide cover for grain…