CRE Newsletter
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CRE Legal Regulation
Regulator fines genetic testing company for data loss in cyberattack
The UK’s Information Commissioner’s Office (ICO) has levied a £2.31m fine on US-based genetic testing company 23andMe over its failure…
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Risk Management
Risk technology hampered by cost and resistance to change, finds Airmic survey
Adoption of risk management platforms is being hampered by high costs, technical challenges and a resistance to change, according to…
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CRE Legal Regulation
New GDPR law proposes 15-month deadline for investigations
European legislators have agreed for a new law to improve cooperation between member states’ data protection supervisors enforcing cross-border GDPR…
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People Moves
QBE names Henrik Larsen head of Nordics
QBE has appointed Henrik Larsen as general manager for the Nordics, as the insurer seeks to strengthen its position in…
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Insurance
Non-life rates have peaked in Europe but ‘adequate’ for carriers: Fitch
The pricing cycle has peaked in most European non-life markets but rates are expected to “remain adequate” for insurers during…
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Sustainability Risk Review
European Parliament’s lead negotiator proposes going further on Omnibus package
The European Parliament’s lead negotiator Jörgen Warborn MEP has published his report on the Omnibus package to simplify key EU…
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Marine
Gallagher Bassett launches accident and health division
Third party claims administrator Gallagher Bassett (GB) has launched a dedicated accident and health division that incorporates its rebranded CSA…
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Aviation
UK court ruling over Russia-leased jets to impact wordings, premiums and capacity
Morningstar DBRS says aviation insurers are likely to tighten definitions and exclusions for political and sovereign risks, responding with more…
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Marine
Gard restructures across five business units
Maritime mutual insurer Gard is restructuring across five business units in a bid to be more client-focused and improve its…
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Construction
Marsh launches $1bn construction cover for data centres in UK and Europe
Marsh has launched an insurance facility to provide clients with construction cover for large-scale data centres in the UK and…
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Association News
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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France
New Amrae leadership wants to put risk and insurance managers in the driving seat
Amrae’s new administration will focus on putting buyers in the driving seat with the insurance market, among other priorities, president…
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CRE Legal Regulation
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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Aviation
Air India plane crashes after take-off from Ahmedabad
An Air India Boeing 787-8 Dreamliner plane that was on its way to London has crashed immediately after taking off…
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Liability
Liability risks on the rise as extreme heat takes its toll, warns Swiss Re
Companies face mounting liability risks for failing to mitigate extreme heat, which is on the rise and more deadly than…
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CRE Legal Regulation
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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Aviation
Aircraft lessors can claim for Russia jet losses under war risk policies, finds London court
A London court overseeing claims brought by six aviation leasing companies has largely ruled in favour of policyholders, in a…
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Cyber & Technology
Cyber set to become next ‘battleground’ for BI disputes
A large systemic cyber event is likely to become the next Covid-19 and spark coverage disputes and litigation over untested…
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Legal & Regulation
Use of conditions precedent rises, finds Airmic survey
Insurers are making greater use of conditions precedent to circumvent policyholder protections introduced by the Insurance Act, according to a…
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Risk Management
Realist risk professionals must strike balance between pessimism and optimism
UK risk and insurance managers believe it is important they strike a balance between pessimism and optimism to best perform…
