CRE Newsletter
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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…
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UK/Ireland
October 7, 2021
Marsh Commercial promotes Bruce to CEO
Marsh Commercial, which serves the UK SME market, is promoting David Bruce to CEO to replace Anthony Gruppo, who is…
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Italy
October 7, 2021
Liberty Specialty Markets appoints QBE’s Jurina as Italian business development head
Liberty Specialty Markets (LSM) has named QBE’s Simone Jurina as business development manager in Italy. Jurina will be based in…
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Captives
October 6, 2021
Risk managers warned not to make knee-jerk captive decisions in hard market
Risk managers are potentially storing up future problems in their rush to establish captives in the hard market and add…
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CRE Insurance
October 6, 2021
Terrorism facility for the UK rolled out by Rokstone
A new terrorism facility for the UK, backed by A-rated capacity, has been launched by specialty MGA Rokstone. The product…
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Insurance
October 6, 2021
Insurance Europe calls for UK extension to EU access regime
The UK’s temporary register that allows European re/insurers to continue to access the UK market, which replaced passporting rights when…
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Cyber & Technology
October 6, 2021
Aon tackles Europe’s ‘impossible’ cyber placements with Ransomware Defence launch
Aon said mid-market businesses in the UK and EMEA struggling to buy cyber insurance can improve their insurability with the…
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Global Risk Manager
October 6, 2021
US commercial rates keep climbing
Umbrella and D&O coverages continue to lead US commercial price increases at 11.7% and 11.3% respectively in the third quarter,…
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Pandemic
October 6, 2021
Judge says Metallica’s Covid-19 lawsuit against Lloyd’s can proceed
A Los Angeles state court has refused to dismiss pandemic-related event cancellation litigation filed by heavy-metal band Metallica, despite a…
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People Moves
October 6, 2021
Sedgwick appoints Hasson to head Europe financial risks team
Sedgwick has appointed Ian Hasson as executive major and complex loss adjuster and director of its financial risk team in…
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Insurance
October 6, 2021
New Dawn Risk launches European subsidiary in Malta
Specialty broker New Dawn Risk has launched a new European subsidiary, which will be headquartered in Malta. New Dawn Risk…
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Emerging Risks
October 6, 2021
Human rights features added to GRI reporting standards plus first sector standard for oil and gas
Risk standard-setter GRI has rolled out revised and strengthened reporting standards used by more than 10,000 companies, which it said…
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Market
October 6, 2021
UK probes Gallagher bid for Willis reinsurance business
The UK competition regulator has opened an investigation into Arthur J Gallagher’s proposed acquisition of Willis’s treaty reinsurance business. The…
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Climate Change
October 6, 2021
Airmic calls for risk industry pledge on climate change
Airmic’s CEO Julia Graham has called on risk managers, brokers and insurers to pledge to work together to tackle climate…
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Executive & D&O
October 6, 2021
New players moderate UK D&O rate increases but ESG adding risk
An influx of new entrants to the UK D&O liability market will help moderate rate increases for buyers in the…
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Insurance
October 5, 2021
Berkshire Hathaway creates new Europe and UK roles amid growth
Berkshire Hathaway Specialty Insurance (BHSI) has expanded its leadership team after it announced rapid growth in the UK and Europe…
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RM News
October 5, 2021
TigerRisk moves Bredahl into CEO seat as Fox steps aside for exec chair role
Risk adviser TigerRisk Partners has named Rob Bredahl as CEO to take over from Rod Fox, who has become executive…