CRE Newsletter
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Asia
October 1, 2021
Tokio Marine updates climate strategy with further step away from coal
Japanese insurance giant Tokio Marine Holdings has revised its 2020 climate strategy and added thermal coal, which is burned to…
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Risk Management
October 1, 2021
M&A deals on track to break record in 2021: WTW
Merger and acquisition (M&A) deals are on track to set a new record high in 2021, according to Willis Towers…
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Italy
October 1, 2021
Allianz completes Aviva Italia purchase
Allianz has completed the €330m acquisition of Aviva Italia SpA that was first announced in March 2021. Allianz said the…
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Captives
October 1, 2021
Captive growth continuing, driven by cell captive formations, says Marsh report
Captive growth gained greater momentum in 2020 and is continuing at a similar rate in 2021, according to Marsh’s 2021…
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Association News
October 1, 2021
Risk Leaders: Airmic 2021
Watch an excellent discussion between Julia Graham, CEO of Airmic; Elie Hanna, chief distribution officer, UK and Lloyd’s, AXA XL;…
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CRE Insurance
October 1, 2021
Howden buys Estonian firm CHB as springboard into Baltic region
Howden has entered the Estonian market through the acquisition of CHB Partners as a “first step” into the Baltic region.…
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Legal & Regulation
October 1, 2021
Aon sues former employees who joined rival
Aon has filed a poaching lawsuit against former transportation insurance executives who joined McGriff, the retail brokerage unit of Truist…
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Pandemic
October 1, 2021
Next stage of pandemic remains fraught with uncertainty, warns Zurich’s CRO
European companies need to remain extremely flexible during the next stage of the pandemic as the outlook remains uncertain, Zurich…
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People Moves
September 30, 2021
RSA names Jones as risk consulting leader in UK and Europe
RSA has appointed Andy Jones as risk consulting director for the UK and Europe, where he will serve commercial lines…
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Employee Benefits
September 30, 2021
Generali Employee Benefits and Bupa launch strategic partnership
Generali Employee Benefits (GEB) and Bupa Global have teamed up to offer international private medical insurance (IPMI) and global employee…
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Cyber & Technology
September 30, 2021
Microsoft links security data with cyber underwriters to lower rates
Microsoft has teamed up with cyber insurer At-Bay to offer corporate users of Microsoft 365 lower cyber insurance rates. It…
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Legal & Regulation
September 30, 2021
AM Best says Solvency II changes ‘more generous’ to insurers than most expected
AM Best has said the EC’s proposed Solvency II rule changes offer a bigger reduction in insurance capital requirements than…
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Cyber & Technology
September 30, 2021
Cyber rates set to double during next two years, says S&P
Buyers already struggling in one of the hardest parts of the commercial insurance market will be concerned to hear that…
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Climate Change
September 30, 2021
IRM launches climate change risk management guide
The Institute of Risk Management (IRM) has launched a timely practitioners’ guide that explains how to integrate climate change risk…
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Interviews
September 30, 2021
Risk Leaders: Arnaud Vaissié, chairman, International SOS
Commercial Risk's Adrian Ladbury talks to Arnaud Vaissié, chairman of leading health services provider International SOS, about how the firm's…
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Cyber & Technology
September 30, 2021
Executives rate cyber as biggest business risk, finds Travelers survey
Most executives surveyed by US-based insurer Travelers rank cyber risk as their top business concern, but fewer than half said…
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Property
September 30, 2021
FM Global offers policyholders $600m in premium credits
FM Global will issue $600m in membership credits to eligible policyholders that renew next year. As first reported in our…
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Risk Management
September 29, 2021
Climate and cyber regain top spots in AXA’s risk list as pandemic concerns fall
Climate change, cybersecurity and pandemic risks are currently the biggest concern for global risk experts and the general public, finds…
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Cyber & Technology
September 29, 2021
Cyber insurer Coalition raises $205m for expansion
US-based cyber insurer and security firm Coalition has raised $205m to scale up its business and develop more technology-based solutions…
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Legal & Regulation
September 29, 2021
EC steps up pressure on VW to compensate all EU dieselgate consumers
The European Commission (EC) has told German car manufacturer Volkswagen (VW) to compensate customers across the European Union for misleading…