CRE Newsletter
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CRE Insurance
October 5, 2021
Howden sets sights on market-leading position in Switzerland with BCZ deal
Howden has acquired Swiss intermediary BrokerCenterZürichsee AG (BCZ), which it said will provide it with a platform for strategic growth…
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Climate Change
October 5, 2021
Seventy percent of FTSE 100 do not disclose TCFD climate change risks: Marsh
Only 30% of FTSE 100 companies disclose climate change risk in line with the Task Force on Climate-related Financial Disclosures…
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Risk Specialty
October 5, 2021
Lockton acquires Scandinavian marine broker Edge Group
Broker Lockton is to acquire Norwegian marine broker Edge Group, in a deal that Lockton said will expand its specialty…
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Insurance
October 5, 2021
Hurricane Ida to cost Swiss Re $750m
Swiss Re has estimated losses from Hurricane Ida of $750m, adding that the wider market loss from the August Category…
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Global Risk Manager
October 5, 2021
McGill and Partners to open Bermuda office
London-based (re)insurance broker McGill and Partners is to open in Bermuda, with Kate Vacher named as CEO of the new…
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Marine
October 4, 2021
Post-pandemic trends to benefit Mediterranean maritime sector
Research suggests that southern Italy’s shipping sector could be the main beneficiary from post-pandemic shifts in global maritime transport. However,…
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Legal & Regulation
October 4, 2021
AM Best gives Zurich positive outlook on back of improved P&C profits
Ratings agency AM Best has revised its outlook for Zurich Insurance Group to positive from stable, after improved profits driven…
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Aviation
October 4, 2021
Piiq Risk hires Swiss Re’s Devouge to boost aviation business in Europe
Global aerospace (re)insurance broker Piiq Risk Partners has appointed Sylvain Devouge as senior partner. Devouge joins Piiq Risk from Swiss…
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ESG
October 4, 2021
Sustainable startup insurer Parhelion names Foreman as chair ahead of launch
Start-up Parhelion has appointed David Foreman as chair ahead of its full launch as a sustainable insurer. Backed by Howden,…
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Captives
October 4, 2021
Ferma fears Solvency II review doesn’t go far enough for captives
Ferma is disappointed that proposed changes to Solvency II put forward by the EC do not make the rules more…
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Captives
October 4, 2021
Paris-Smith appointed as SRS’s European client services leader from WTW
Captive manager Strategic Risk Solutions (SRS) has appointed Richard Paris-Smith as European client service leader. He will take up his…
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CRE Associations
October 1, 2021
Pollution calls for rapid intervention, says Anra webinar
When a pollution incident occurs in an industrial facility, the first thought is the potential danger to people and the…
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Aviation
October 1, 2021
Aviation sector faces up to sustainability challenge
The aviation industry has been and still is severely hit by the restrictive measures introduced during the pandemic. The current…
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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…