CRE Newsletter
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ESG
April 27, 2022
Mapfre joins Net Zero Insurance Alliance
Mapfre has joined the Net Zero Insurance Alliance (NZIA) group of 21 international carriers that are members of the UNEP-FI…
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Construction
April 27, 2022
Poor communication is main cause of German construction losses: VHV
Overall insured losses have fallen in the German construction industry in recent years but average damages per loss continue to…
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Market
April 27, 2022
Chubb sets Q1 records as P&C underwriting income doubles
Chubb delivered a record low combined ratio of 84.3% in the first quarter of 2022 and doubled P&C underwriting income…
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Market
April 27, 2022
Marsh expects rate increases to continue moderating as index shows slow down across regions
Insurance rate increases fell across all regions in the first quarter barring Latin America but were highest in the UK…
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English
April 27, 2022
Topdanmark result hit by storms and Ukraine war
Danish insurer Topdanmark, part of the Finnish Sampo group, has reported significantly reduced first-quarter profits because of big losses from…
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Europe
April 27, 2022
Strong pricing bolsters Gjensidige profits as financial turmoil bites
Norwegian insurer Gjensidige Forsikring Group has recorded a pre-tax profit of NOK1,506.2m (€153m) for the first quarter of this year,…
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Climate Change
April 27, 2022
Norway wealth fund to push net-zero targets for its portfolio companies
The world’s largest sovereign wealth fund plans to push the companies it invests in to adopt net-zero targets for their…
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English
April 27, 2022
Norway’s Havila Kystruten gets dispensation from sanctions
Norwegian shipping company Havila Kystruten has been granted a dispensation from Norway’s Ministry of Foreign Affairs to continue operating in…
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English
April 27, 2022
Tryg reports record technical result despite storms and volatile markets
Leading Scandinavian insurance group Tryg reported a record underwriting result for the first quarter of this year, despite an exceptionally…
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Market
April 26, 2022
Likely rate increases through 2022 back stable outlook for London market, says AM Best
AM Best expects insurance rates to continue hardening this year, which is a big factor in holding its stable outlook…
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Climate Change
April 26, 2022
UK launches taskforce to tackle greenwashing and boost corporate climate transition plans
The UK government has formally launched a new taskforce to “tackle greenwashing” and develop a “gold standard” for UK corporates’…
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France
April 26, 2022
Jean-Marie Haquette to lead HDI Global’s French office
Jean-Marie Haquette will take over as head of HDI Global’s French office from September, succeeding Florence Louppe. HDI Global announced…
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People Moves
April 26, 2022
Lockton names new European CEO amid international shake-up
Lockton has appointed its head of global financial risks EJ Hentenaar as CEO for Europe, as part of a new…
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English
April 26, 2022
Finland’s Wärtsilä to write off €200m of Russian assets and interests
Finnish marine technology firm Wärtsilä has been forced to write off close to €200m of Russian assets and business operations…
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Legal & Regulation
April 25, 2022
Europe agrees new powers to fine and ban large online platforms for illegal content
EU member states have agreed the new Digital Services Act (DSA) that allows large online platforms to be fined up…
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Insurance
April 25, 2022
New digital partnership aims to help insureds reduce property exposure and claims
Risk Solved and Hitachi Vantara are collaborating to deliver a predictive digital solution that can help insureds reduce property exposures…
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English
April 25, 2022
Danske bank faces €1.3m fine over data protection violations
The Danish Data Protection Authority (DDPA) has fined Danske Bank €1.3m for its failure to delete customer data. The financial…
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Executive & D&O
April 25, 2022
ESG risks creating perfect storm for directors and officers
Legal and risk experts have told Commercial Risk that ESG threats are combining to create a “perfect storm” for directors…
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Insurance
April 25, 2022
Insurtech funding up 175% to nearly $20bn in 2021
Funding for insurtech companies reached $19.8bn in 2021, up 176% from the prior year, according to a report from research…
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Italy
April 22, 2022
AM Best lowers outlook on Italian non-life market to negative
AM Best has revised its outlook on the Italian non-life insurance sector to negative from stable. The ratings agency said…