CRE Newsletter
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Market
February 27, 2024
P&C reinsurance dents Munich Re’s profits but ERGO performs well
Munich Re’s profit fell 13.4% last year to €4.58bn, despite improved performance at its primary unit ERGO, as P&C reinsurance…
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Cyber & Technology
February 27, 2024
LockBit relaunches after crime agencies infiltrate its systems
Major ransomware gang LockBit has staged a return just a week after it was taken down by a coalition of…
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DACH
February 27, 2024
German insurers demand new traffic rules if cannabis legalised
German insurers are calling on the federal government to create clear rules for road traffic as quickly as possible if…
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Marine
February 26, 2024
More than half of UK exporters hit by Red Sea shipping disruption
More than half (55%) of UK exporters have been impacted by disruption to shipping in the Red Sea and face…
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ESG
February 26, 2024
Finland, Portugal and France top EU workplace gender-equality ranking
Finland has the most gender-equal workplaces in the EU, followed by Portugal and France, with Hungary bottom of the ranking…
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Spain/Portugal
February 26, 2024
Valencia fire sparks cladding concern as Mapfre confirms it is on cover
The fire that killed at least ten people in Valencia last week has triggered a debate in Spain about the…
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Risk Management
February 26, 2024
UK urged to adopt mandatory internal audits for water firms
UK and Irish auditors have called on water suppliers to conduct mandatory internal audits to identify weaknesses, and operational and…
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Market
February 23, 2024
AGCS’s profits up 20.6% to help Allianz Commercial hit €2.6bn
Allianz Global Corporate & Specialty (AGCS) saw its operating profit jump 20.6% last year to €953m and business volume rise…
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Cyber & Technology
February 23, 2024
Only half of firms retrieve data after ransomware payments
Most cyberattacks breached organisations’ networks through their supply chain, according to US-based cybersecurity firm Cybereason. It found that 41% of…
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Geopolitical
February 23, 2024
UK extends Russia sanctions to metal, diamond and more energy firms
The UK has extended sanctions to 50 new Russian businesses and individuals, including electronic companies, metal and diamond businesses, oil…
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Cyber & Technology
February 23, 2024
UK crime agency hails destruction of world’s ‘most harmful’ cybercrime group
The UK’s National Crime Agency (NCA) has revealed details of an international campaign targeting LockBit, described as the world’s most…
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ESG
February 23, 2024
Air pollution rises up risk agenda in UK and EU
Air pollution is the fastest-growing insurance protection gap among climate risks, say Airmic members polled in the association’s latest survey.…
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Risk Management
February 22, 2024
Risk management frameworks key to mitigating AI risks, says Ferma webinar
Responsible AI policies and risk management frameworks will be critical to navigating the complex technical and compliance challenges of artificial…
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ESG
February 22, 2024
EU agrees carbon removals certification framework
The European Council and Parliament negotiators have reached a provisional political agreement on a regulation to establish the first EU-level…
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Market
February 22, 2024
Profit jumps 21% at Zurich to record-high $7.38bn
Zurich’s operating profit jumped 21% in 2023 to $7.38bn, a new record for the group driven by commercial insurance and…
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Cyber & Technology
February 22, 2024
EU consults on strategic union-wide response to cyber threat
EU member states, with the support of the EC and the EU Agency for Cybersecurity (Enisa), have presented a report…
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Market
February 22, 2024
AXA targets above-GDP growth in healthy commercial lines
AXA has revealed a new strategy for 2024 to 2026 that includes an ambition to continue growth in its core…
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Cyber & Technology
February 22, 2024
MGA Coalition to offer premium credits for cyber control
Coalition is offering premium credits to customers that use its managed detection and response (MDR) cybersecurity tool. Businesses that use…
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Legal & Regulation
February 21, 2024
European product recalls hit record high in 2023, Sedgwick reports
Product recalls in Europe reached a record 12,498 events in 2023, up 18.5% on the previous 12 months and setting…
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Legal & Regulation
February 21, 2024
Italian and German governments under pressure to drag CSDDD back on track
Claims by environmental and human rights groups that big business supports the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) appear…