CRE Newsletter
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ESG
January 29, 2024
Efrag consults on sustainability standards for captives and SMEs
The European Financial Reporting Advisory Group (Efrag) has opened a public consultation on two Exposure Drafts for sustainability reporting standards…
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Legal & Regulation
January 26, 2024
Eiopa chief calls for greater cooperation on climate-related risk
Petra Hielkema, chairperson of the European Insurance and Occupational Pensions Authority (Eiopa), has told the World Federation of Exchanges (WFE),…
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Market
January 26, 2024
Marsh’s revenue up 8% in 2023 as MMC’s profits jump 23%
Marsh & McLennan’s revenue increased 10%, or 9% on an underlying basis, last year to $22.74bn and net income rose…
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Cyber & Technology
January 25, 2024
AI to drive rise in cyberattacks over next two years, warns UK’s cyber agency
Artificial intelligence (AI) will increase both the volume and impact of cyberattacks in the next two years, further accelerating the…
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People Moves
January 25, 2024
Chubb names new country manager in Sweden and Finland
Chubb has appointed Anna Källs from WTW as country manager for Sweden and Finland. Källs succeeds Margaretha Mo, who has…
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Cyber & Technology
January 25, 2024
AI and bots could threaten future of trading
AI and bots pose a real threat when it comes to market manipulation, according to research released by UK-based regulatory…
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CRE Insurance
January 24, 2024
Babet-Aline insured loss estimate rises to €683m: Perils
Insured loss estimates from the Babet-Aline storms in the UK and northwest Europe in October last year have increased to…
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CRE Risk Management
January 24, 2024
UK presses directors to take ‘firm grip’ on cybersecurity
UK businesses and their directors have been told to “toughen up” cybersecurity and prioritise cyber threats as the government prepares…
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CRE Risk Management
January 24, 2024
French regulator fines Amazon €32m for ‘excessive’ surveillance of warehouse staff
French data protection authority CNIL has fined Amazon €32m for excessive surveillance of staff at its warehouses in France. Amazon…
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Risk Management
January 23, 2024
Risk prioritisation key to avoiding overload amid ‘intense volatility’, says Signorelli
Zurich Commercial Insurance CEO Sierra Signorelli has told Commercial Risk that the next decade is set to be characterised by…
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Cyber & Technology
January 23, 2024
Ransomware attacks jump 84% in 2023: NCC
Ransomware attacks increased by 84% in 2023, according to global cybersecurity firm NCC Group. It said the 4,667 cases recorded…
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Benelux
January 23, 2024
Climate group sues ING after Shell victory
A group of climate activists in the Netherlands, which won a landmark case against Shell in 2021, has named Dutch…
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Risk Management
January 23, 2024
Work-life balance as important as career progression, finds survey
Latest research from Netherlands-based global recruitment group Randstad has found that ambition is no longer viewed purely as career progression.…
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Italy
January 23, 2024
Italian inflation risk falling but public debt remains a threat
Italy’s economy has weathered recent crises successfully but is now slowing amid tightening financial conditions. To secure strong and sustainable…
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Risk Management
January 22, 2024
$3trn of trade at risk from Red Sea disruption
Data and analytics firm Russell Group has warned that headwinds are set to blow across the global economy because up…
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Risk Management
January 22, 2024
Diluted UK Corporate Governance Code reform focuses on internal controls
A regulatory overhaul of corporate governance standards for UK-listed firms has been pared back to “small, but important” changes on…
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Pandemic
January 22, 2024
QBE Covid BI interest charges a victory for policyholders
The news that QBE paid more than £386,000 to companies for delays in covering Covid-19 related business interruption (BI) losses…
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Legal & Regulation
January 22, 2024
Insurance Europe joins urgent vehicle data plea to von der Leyen
A group of ten representatives of independent automotive service providers, including Insurance Europe, have called on EU president Ursula von…
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Executive & D&O
January 19, 2024
Corporate criminal liability rises in UK with new failure to prevent offences
Criminal liability for UK companies is rising with the introduction of ‘failure to prevent’ offences, which introduce unlimited fines and…
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CRE Legal Regulation
January 19, 2024
Policyholders suffer key defeat in Allianz appeal victory
The UK Court of Appeal this week handed down judgment in Various Eateries Trading Ltd v Allianz Insurance Plc, in…