CRE Newsletter
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Market
March 7, 2024
Lloyd’s achieves huge jump in underwriting profit to £5.9bn as rates rise 7%
Lloyd’s saw its underwriting profit more than double last year to £5.9bn from £2.6bn in 2022, helped by price rises…
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Market
March 7, 2024
Beazley delivers record profit as CR falls to 71% and property rates rise 22%
Beazley’s profit before tax jumped 115% last year to a record $1.25bn, with the insurance service result, or underwriting profit,…
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Employee Benefits
March 7, 2024
Workplace stress a key driver of ‘alarming’ rise in mental health problems: AXA
The mental health of workers is deteriorating and the workplace is one of the main reasons behind this trend, according…
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ESG
March 7, 2024
Supply chain emissions data a ‘mammoth’ task for risk managers, says Airmic
Risk managers face a “mammoth” task identifying carbon emissions in their supply chain, according to UK risk management association Airmic,…
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Cyber & Technology
March 7, 2024
ECB cyber stress test will provide much-needed resilience boost, says S&P
The results of cyber stress tests underway at Europe’s banks will shape the regulatory agenda as the European Central Bank…
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Risk Management
March 7, 2024
German business calls for heightened protection following Tesla attack
German business groups have called for better protection of critical infrastructure this week after a suspected arson attack by supposed…
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CRE Legal Regulation
March 7, 2024
New EU payment deadlines will weaken Europe, claim German insurers
The German Insurance Association (GDV) has warned that the EU’s planned payments regulation, which would introduce mandatory payments within 30…
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Cyber & Technology
March 6, 2024
EU strikes deal on cybersecurity package
The European Council presidency and European Parliament’s negotiators have reached a provisional agreement on the so-called ‘cyber solidarity act’, as…
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Market
March 6, 2024
Scor plans to ‘fully benefit’ from supportive market conditions
Scor continues its strong growth in the specialty insurance segment, and chairman Fabrice Brégier said during the company’s latest set…
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ESG
March 6, 2024
Lloyd’s hits gender target but work remains to reach ethnicity goals
Lloyd’s has revealed that 21% of new hires across the market last year were from diverse ethnic backgrounds, an increase…
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Legal & Regulation
March 6, 2024
EU acts to break the forced labour business model
The EU may have ditched the Corporate Sustainability Due Diligence Directive (CSDDD) for the time being but opponents of strict…
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DACH
March 6, 2024
German industrial insurers need to step up digitisation efforts: WTW
Insurers still have a long way to go when it comes to digitising their underwriting, based on a survey of…
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Cyber & Technology
March 6, 2024
France steps up cyber defence efforts
French state cyber agency ANSSI has reported that cyber espionage remained high last year, with a significant increase in attacks…
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CRE Insurance
March 5, 2024
European market to stabilise further with rate decreases on the cards in H2
Brokers predict that European insurance buyers will see the market stabilise further in 2024 and may begin to see more…
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CRE Insurance
March 5, 2024
Miller books record revenues on international and retail growth
Miller has announced record revenues for 2023 as the London-based specialty insurance broker continues its international and specialty retail expansion.…
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CRE Insurance
March 5, 2024
Hiscox posts record profit of $626m in 2023 on back of underwriting rates and investment boost
Hiscox has announced record profit of $625.9m for 2023, up 127%, following a 36% gain in its underwriting result to…
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CRE Insurance
March 5, 2024
War risk rates hold firm after Red Sea sinking: reports
Shipping war risk insurance rates have held steady after the total loss of UK-owned cargo vessel Rubymar at the weekend,…
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CRE People Moves
March 5, 2024
Allianz Commercial names country manager for Nordics
Allianz Commercial has appointed Margaretha Mo as country managing director for the Nordics, overseeing the group’s commercial property and casualty…
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Market
March 4, 2024
Aviva re-entering Lloyd’s with £242m Probitas deal
Aviva is re-entering the Lloyd’s market through the £242m acquisition of Probitas. The move, which is set to complete by…
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Cyber & Technology
March 4, 2024
Italy’s Enel Energia fined record-high €79m for data breaches
Italy’s regulator has fined energy firm Enel Energia €79m for failing to protect the personal data of its electricity and…