CRE Newsletter
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CRE Risk Management
November 1, 2024
UK law for employers to prevent sexual harassment goes live
UK employers are now legally required to prevent sexual harassment in the workplace and hold those responsible to account, under…
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CRE Legal Regulation
November 1, 2024
Teva to appeal EU’s $500m anti-competition fine
Israeli drugmaker Teva Pharmaceuticals has launched an impassioned defence of its business practices after it was hit with a $503m…
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Cyber & Technology
November 1, 2024
Microsoft sees uptick in AI attacks
Microsoft is warning of a growing threat from nation state cyberattacks and artificial intelligence (AI). According to the recently published…
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CRE Insurance
November 1, 2024
Spanish flood losses to easily exceed €1bn
Extreme flooding triggered by severe torrential rainfall in eastern and southern regions of Spain has led to one of the…
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Captives
October 31, 2024
Aerospace firm Safran gets go-ahead for French captive
The first transfer of a captive business from Luxembourg to France could be underway as French authorities agreed a new…
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CRE Risk Management
October 31, 2024
Budget dashes industry’s hopes for UK captive announcement
Hopes that the UK government would use yesterday’s budget to announce a much-anticipated consultation for a captive regime in the…
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CRE Insurance
October 31, 2024
AXA revenues up 7% in nine month results
French insurer AXA announced a 7% rise in revenue for the first nine months of 2024 to €84bn, broadly in…
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CRE Risk Management
October 31, 2024
Aon calls for cyber innovation to ‘multiply and magnify’
Closing the cyber protection gap will require innovation in coverage and distribution, according to an Aon-hosted cyber risk webinar. The…
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Cyber & Technology
October 31, 2024
Hiscox study reveals rising reputational damage from cyberattacks
Almost half (47%) the number of firms that suffered a cyberattack in the last year found it more difficult to…
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CRE Risk Management
October 31, 2024
Europe’s insurers call on EU to support solutions for systemic cyber risks
Europe’s policymakers must support discussion for greater cooperation between the public and private sector to address catastrophic cyber risks, according…
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ESG
October 30, 2024
NGOs claim German meat giants support deforestation via supply chain
Germany’s trade agency (the Federal Office for Economic Affairs and Export Control – BAFA) is being urged to investigate three…
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Cyber & Technology
October 30, 2024
The Hartford and Coalition announce UK cyber alliance
US-based property and casualty insurer The Hartford has struck a partnership with cyber insurer Coalition that will see it contribute…
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Analysis & Opinion
October 30, 2024
Is the risk and insurance sector doing enough to attract young talent?
The insurance and risk management industry has made significant strides in its approach to diversity, equity and inclusion (DEI), but…
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Cyber & Technology
October 30, 2024
CrowdStrike outage drives demand for systems failure cover
The CrowdStrike outage is expected to drive interest in system failure cover but cyber insurers will likely review wordings and…
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CRE Insurance
October 30, 2024
HDI Global calls on reinsurers to take more risks
Reinsurers must take more risks in order to help the market provide covers for nat cat events, urged European P&C…
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M&A
October 30, 2024
Baloise sells digital insurer Friday to Allianz Direct
Swiss insurer Baloise said it will sell its holdings in digital insurer Friday to Allianz’s pan-European online insurer Allianz Direct…
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CRE Legal Regulation
October 30, 2024
Spanish media sue Meta for GDPR breaches
A group of Spanish TV and radio companies are suing Meta for more than €160m, alleging that the owner of…
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GRM Insurance
October 29, 2024
Insured nat cat losses to exceed 2023 as nine-month bill totals $102m: Aon
Insured losses from global natural disaster events in the first nine months of 2024 totalled $102bn, according to Aon. The…
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CRE Risk Management
October 29, 2024
Survey calls for regulations to control bullying at UK firms
The majority of UK financial services firms would welcome more regulation on workplace bullying and harassment because they lack confidence…
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Liability
October 29, 2024
Verisk models PFAS liability losses at €10bn-€24bn in Germany, France and Belgium
PFAS environmental-related liability losses across Germany, France and Belgium could total between €10bn and €24bn, according to a joint report…