CRE Newsletter
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Market
January 10, 2022
Insurers suffer second costliest year on record at $120bn: Munich Re
Last year saw the second highest global insured losses from natural disasters ever at $120bn, with an “exceptionally high” proportion…
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People Moves
January 10, 2022
BMS Iberia boosts affinity business with new director from WTW
Insurance broker BMS has appointed Jorge Melero from Willis Towers Watson (WTW) as director of affinity and wholesale partnerships for…
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People Moves
January 10, 2022
Aon expands UK financial institutions expertise with hire to help tackle emerging risks
Aon has named HSBC’s Pete Rutherford as enterprise client leader for financial institutions in the UK to boost its expertise…
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Legal & Regulation
January 10, 2022
Airbus investors file €300m class action in Dutch court
A class action lawsuit against Airbus has accused the French airline of misconduct and is seeking €300m in damages. The…
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Legal & Regulation
January 7, 2022
France fines Google and Facebook €210m for violating privacy rules
French data regulator CNIL has fined Google €150m and Facebook €60m for breaching EU privacy rules. The fines are for…
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Cyber & Technology
January 7, 2022
Portuguese media giant Impresa confirms cyberattack but says no ransom involved
Portuguese media giant Grupo Impresa has confirmed it was hit by a cyberattack over the new year holiday but said…
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Global Risk Manager
January 6, 2022
The five key challenges of international programmes and how to overcome them
International insurance programmes offer a range of benefits to multinational companies but there are several complexities that must be managed…
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DACH
January 6, 2022
German cartel office exercises new anti-competitive powers over Google
Germany’s competition regulator Bundeskartellamt has said it will subject Google and its parent company Alphabet to special abuse control measures…
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Association News
January 6, 2022
AMRAE confident of progress on captives as it confirms conference to go ahead next month
AMRAE has confirmed that its annual meeting of French risk managers will go ahead in-person next month, and urged cyber…
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Market
January 6, 2022
CFC merges medical malpractice and healthcare teams into new London market unit
Specialty insurer CFC is merging its UK and international e-health, medical malpractice and allied health teams into a single healthcare…
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People Moves
January 6, 2022
WTW names new head of surety in Europe and UK
Willis Towers Watson (WTW) has appointed Steve Powney as head of surety for Europe and the UK. Powney was previously…
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M&A
January 5, 2022
Optio Group acquires warranty and indemnity MGA Brockwell Capital
Specialty MGA Optio Group has acquired Brockwell Capital, a leading warranty and indemnity (W&I) MGA and an approved Lloyd’s coverholder,…
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Legal & Regulation
January 5, 2022
Bayer’s investors file €2.2bn German lawsuit over Monsanto acquisition
Bayer is facing a €2.2bn lawsuit in Germany from a group of investors over its acquisition of US agrochemical manufacturer…
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Climate Change
January 5, 2022
Skuld joins zero-carbon shipping initiative
Marine insurer Skuld has joined the Maersk Mc-Kinney Moller Center (MMMC) for Zero Carbon Shipping to help decarbonise the maritime…
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GRM News & Analysis
January 5, 2022
Risk landscape reset amid complex and changing renewals, says Howden
An already complex underwriting environment has been complicated further by the mix of heightened secondary catastrophe perils, rising core inflation,…
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Market
January 5, 2022
European property buyers suffer as reinsurance rate increases vary widely at year-end: Gallagher Re
Property reinsurance renewal rate increases varied widely at 1 January from the low to upper double digits, while casualty rates…
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Market
January 4, 2022
Berenberg expects market hardening to slow this year
Analyst Berenberg said the reinsurance market will continue to harden this year after rate increases at 1 January, but expects…
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M&A
December 24, 2021
Ardonagh buys MDS Group
Rapidly expanding broker Ardonagh Group is pushing into Europe with the acquisition of Portuguese firm MDS Group for an undisclosed…
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Energy
December 24, 2021
Lloyd’s Asia launches new renewable energy consortium
Lloyd’s has launched a new renewable energy consortium to respond to the growing needs of companies operating in the Asia-Pacific…
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Pandemic
December 23, 2021
Another appeals court rejects Covid BI coverage
The 10th US Circuit Court of Appeals in Denver joined five other federal appeals courts on Tuesday in holding that…