CRE Newsletter
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Association News
October 11, 2021
Ferma focusing on member resilience as Covid-19 reveals more work needed
Ferma is stepping up efforts to help members boost corporate resilience after its Covid-19 survey shows that progress has been…
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Terrorism
October 11, 2021
Pool Re reviewing NDBI offering
UK terrorism backstop Pool Re is reviewing its non-damage business interruption (NDBI) offering following changes in the commercial insurance market…
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Benelux
October 11, 2021
Howden buys Sarton & Associés in Belgium as rapid European expansion continues
Fast-expanding London-based broker Howden has acquired Belgian firm Sarton & Associés, which becomes Howden Belgium’s first acquisition since its launch…
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Aviation
October 11, 2021
Fourth quarter airline renewals ‘more positive’ for buyers, says Gallagher
Renewals promise to be “more positive” for aviation buyers with rate rises set to moderate in time for the “all…
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Terrorism
October 11, 2021
MGA Occam buys Lloyd’s terrorism insurer Beech Underwriting
Specialist managing general agency Occam Underwriting has acquired terrorism specialist Beech Underwriting Agencies, a Lloyd’s coverholder and MGA. Occam, which…
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Insurance
October 11, 2021
Apollo announces $90m investment from Alchemy Partners for Lloyd’s growth
Lloyd’s insurer Apollo Group Holdings has received a $90m investment boost from Alchemy Partners, to support future growth of its…
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Property
October 11, 2021
US nat cats set new record for events over $1bn: NOAA
The US recorded 18 billion-dollar weather events in the first nine months of 2021, which is “unprecedented” according to the…
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People Moves
October 11, 2021
Besso launches property team with hires from Tysers
Lloyd’s broker Besso has created a new property and speciality team headed by a duo hired from Tysers. Besso said…
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Trade Credit
October 8, 2021
Insolvencies start to rise in Europe with 33% global peak next year: Atradius
Italy, the UK and Australia are predicted to record the highest levels of corporate insolvencies in the second half of…
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Asia
October 8, 2021
Chubb continues Asia-Pacific expansion plans with $5.7bn Cigna acquisition
Chubb is buying Cigna’s life and non-life business in seven Asia-Pacific markets for $5.75bn as it pushes ahead with expansion…
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Captives
October 8, 2021
Ireland joins OECD international tax agreement
Bowing to international pressure, Ireland is joining the international agreement to reform tax rules. It means that a minimum effective…
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Association News
October 8, 2021
Ferma seeks to re-engage with EC on PPPs at Ferma Talks
Ferma aims to use its coming virtual event on 11-12 October to put proposals for public-private partnerships (PPPs) for catastrophe…
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UK/Ireland
October 8, 2021
Swiss Re Corporate Solutions wants to expand UK corporate business
Swiss Re Corporate Solutions has told CRE it is looking to grow its book of business, with the UK market…
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ESG
October 8, 2021
Riskonnect buys ESG specialist ICIX
Riskonnect has acquired California-based ICIX, a technology company that helps businesses manage their ESG performance. As first reported in our…
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CRE People Moves
October 8, 2021
Lloyd’s reshuffles UK branch leadership
Lloyd’s Insurance Company (LIC) has named Mark Cooper as head of its LIC UK branch, effective 1 November. Cooper, who…
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Market
October 7, 2021
Dutch risk managers expect better renewals as face-to-face meetings return
Members of Narim, the Dutch risk and insurance management association, are looking forward to less stressful renewals as the threat…
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Supply Chain
October 7, 2021
Supply chains suffer decline in labour and human rights, warns Verisk Maplecroft
A global drop in labour rights is making it “more difficult than ever” for businesses to maintain responsible supply chains,…
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Legal & Regulation
October 7, 2021
Bayer wins first Roundup cancer litigation case
A California court has ruled in favour of German pharmaceutical firm Bayer in its first successful defence over allegations the…
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Climate Change
October 7, 2021
Big two reinsurers refuse to back Australian coal mutual
Munich Re and Swiss Re have ruled out supporting a mutual fund for the Australian coal industry that is struggling…
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Construction
October 7, 2021
Marsh hopes construction boom will attract fresh capital for changing risk landscape
An expected boom in global construction will bring news risks but presents a growth opportunity for the insurance industry, and…