CRE Newsletter
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Marine
March 4, 2024
UK-owned ship Rubymar sinks in first major loss since Houthi Red Sea attacks
After months of avoiding a major incident since commercial ships came under attack by Houthi militants in the Red Sea,…
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Marine
March 4, 2024
Marsh PPP facility expands cover to all shipping trade at Ukrainian ports
Marsh’s Unity insurance facility – backed by Lloyds and, ultimately, the Ukrainian government – has expanded, and now offers lower…
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Legal & Regulation
March 4, 2024
MEPs pass beefed-up environmental crimes directive
Members of the European Parliament (MEPs) have adopted and extended the list of offences and sanctions in the Environmental Crimes…
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ESG
March 4, 2024
European companies lead on board-level gender diversity
Europe is leading gender diversity league tables, according to Fitch Ratings, with nine European countries achieving the highest proportion of…
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Trade Credit
March 1, 2024
Coface pricing down 1.9% but claims costs now above pre-pandemic levels
Trade credit insurer Coface said rates were down 1.9% last year but has so far avoided a spike in claims…
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Reinsurance
March 1, 2024
European reinsurers’ underwriting margins close to peak, says Fitch
European reinsurers’ underwriting margins are close to peaking as supply-and-demand dynamics become more balanced, according to Fitch. “This is in…
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Market
March 1, 2024
Reinsurers applying brake to insurance market softening
The return of more stable reinsurance market conditions is easing pressure on the commercial insurance space. But with no softening…
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Legal & Regulation
February 29, 2024
Ferma says CSDDD rejection provides time to address ‘shortcomings’
The Federation of European Risk Management Associations (Ferma) has told Commercial Risk that news that the Corporate Sustainability Due Diligence…
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Marine
February 29, 2024
EU strikes deal on maritime safety
The European Council and Parliament have struck provisional deals in an effort to support clean and modern shipping in the…
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Legal & Regulation
February 29, 2024
European news publishers sue Google for €2.1bn in advertising claim
Google has been issued with a €2.1bn claim by a group of more than 30 European news media outlets seeking…
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Cyber & Technology
February 29, 2024
New approach to AI risk assessment needed: Airmic
As many as 50% of UK organisations have not conducted artificial intelligence (AI) risk assessments, a survey of Airmic members…
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Employee Benefits
February 29, 2024
UK firms boosting employee support to meet cost of living crisis
Almost all UK employers surveyed by Towergate Health & Protection have either increased or intend to increase support to employees…
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Legal & Regulation
February 28, 2024
CSDDD ‘back to square one’ as Council blocks legislation
The EU Corporate Sustainability Due Diligence Directive (CSDDD) has failed to achieve backing from the European Council and now looks…
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CRE Risk Management
February 28, 2024
Global insolvencies set to peak this year before levelling off, says Allianz
Global insolvencies continued to rebound last year and are now above pre-pandemic levels in most advanced economies, finds Allianz Trade,…
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CRE Insurance
February 28, 2024
Swiss Re calls for adaptation measures to tackle climate change
A new analysis of 36 countries and their exposure to climate change carried out by the Swiss Re Institute ranks…
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Cyber & Technology
February 28, 2024
Three-quarters of third-party breaches targeted software supply chain
Software supply chains were the target for 75% of third-party ransomware attacks last year, according to a global cybersecurity study…
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CRE Risk Management
February 28, 2024
Top UK firms increase women leadership roles to 35%
The UK’s largest businesses have been urged to “double-down” on redressing gender balance, with just two years remaining to increase…
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CRE Risk Management
February 28, 2024
German study finds greater operational safety needed with photovoltaic systems
Leading independent German broker Funk has warned that the worrying rise in the number of cases of damage to photovoltaic…
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Cyber & Technology
February 28, 2024
Cyber vulnerabilities to rise 25% in 2024, warns Coalition
The number of cyber vulnerabilities globally is predicted to jump by 25% in 2024, according to US-based cyber insurer Coalition,…
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Cyber & Technology
February 27, 2024
Munich Re urges European politicians to back cyber pool
Munich Re has urged policymakers in Europe and Germany to throw their weight behind a state-funded backstop for systemic cyber…