CRE Newsletter
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Pandemic
December 20, 2021
Protests jump 45% across MENA region driven by Covid-19
The number of protests and riots in the Middle East and north Africa region (MENA) has jumped by 45% in…
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Legal & Regulation
December 20, 2021
UK regulator fines HSBC £64m for anti-money laundering process failures
HSBC Bank has been fined £63.9m for breaching anti-money laundering (AML) regulations on systems and controls over a period of…
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ESG
December 20, 2021
FTSE 350 boards double race diversity
The number of FTSE 350 companies with a director of colour on the board has more than doubled in a…
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Legal & Regulation
December 20, 2021
FCA hands out highest fines for six years at £577m
UK regulator the Financial Conduct Authority (FCA) has issued the highest amount of fines in 2021 for six years, at…
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December 20, 2021
Alternative cyber capacity set to help alleviate capacity crunch: CyberCube
CyberCube thinks that alternative capital will provide more capital for cyber risk next year to help alleviate a capacity crunch…
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Energy
December 17, 2021
GCube adds to global underwriting team
Renewable energy projects underwriter GCube has added new members to its global underwriting team, including Jake Rowland, former advisory representative…
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Property
December 17, 2021
MGA Vave partners with AI property data platform Arturo
Managing general agent (MGA) Vave has signed a multiyear deal with Arturo, an AI-powered platform that derives property insights and…
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People Moves
December 17, 2021
Sompo CEO takes wider role as chairman
Sompo Holdings CEO Kengo Sakurada has been named chairman of the group, in addition to his role as chief executive.…
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Cyber & Technology
December 17, 2021
Cyber market sustainability rests on better risk management
Increased cyber resilience and better modelling will be key to the long-term sustainability of cyber insurance, according to market experts.…
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Legal & Regulation
December 17, 2021
European insurers stand up to Eiopa’s Covid-19 and low interest rate stress test
European insurers could withstand a prolonged Covid-19 pandemic and lower interest rates over the long term, concludes an Eiopa stress…
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ESG
December 17, 2021
UK managers fear rising personal liability over ESG issues, finds QBE survey
Senior managers at UK businesses fear they are facing higher levels of personal liability from their firm’s climate exposures and…
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Climate Change
December 17, 2021
Marine insurers back decarbonisation scheme
A number of marine insurers have signed up to an initiative designed to bring more transparency and urgency to the…
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Employee Benefits
December 17, 2021
Allianz Global Benefits adds Spanish healthcare specialist to network
Sanitas, a leading healthcare specialist in Spain, has joined the Allianz Global Benefits Network. Sanitas and Allianz Global Benefits have…
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UK/Ireland
December 17, 2021
Aon appoints Angela James chief UK commercial broking officer from WTW
Aon has appointed Willis Towers Watson’s (WTW) Angela James as chief broking officer for commercial risk in the UK. James…
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Europe
December 17, 2021
Arrests made after fatal collision between Danish and British cargo ships
The Swedish coastguard has launched an investigation into a fatal collision between two cargo ships that left one crew member…
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Cyber & Technology
December 16, 2021
Finland fights mass malware attack
Finnish authorities have been battling a malware attack that has flooded the country. The malware, called FluBot, was first detected…
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Insurance
December 16, 2021
Generali outlines new three-year strategy for growth
Generali has announced “ambitious 2024 targets based on sustainable growth”, including 4% growth in P&C non-motor premiums (CAGR 2021-2024), and…
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Risk Management
December 16, 2021
Covid drives people risk to top of corporate agenda and elevates risk management
Covid-19 has driven people risk to the top of the corporate risk agenda, according to a new report from law…
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People Moves
December 16, 2021
AGCS promotes Williams to CUO of corporate
Allianz Global Corporate & Specialty (AGCS) has appointed Shanil Williams as its new chief underwriting officer for corporate business, where he will…
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Climate Change
December 16, 2021
Amrae members playing limited role in climate risks and unhappy with insurance solutions
French risk managers still play a limited role in managing climate change risks and are unhappy with the solutions offered…