CRE Newsletter
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Insurance
March 22, 2024
Risk managers turn to parametric solutions as protection gap widens
Parametric coverages are rapidly becoming an essential part of the risk management toolbox, as organisations the world over struggle to…
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ESG
March 22, 2024
Slow progress for women in UK’s financial firms as representation reaches 35%
More than 200 UK finance firms averaged 35% of women in senior management roles in 2023, up just 1% from…
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Market
March 22, 2024
Zurich expands into the Baltics
Zurich is entering the Baltic market to offer solutions for middle-market companies in Estonia, Latvia and Lithuania. The expansion will…
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Spain/Portugal
March 21, 2024
Two-paced Spanish market softening in places with long-term agreements back on the table
The latest renewals showed that insurers have more appetite for Spanish risks, resulting in a significant softening in several market…
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Executive & D&O
March 21, 2024
European directors expect little change in D&O premiums, finds WTW poll
The overwhelming majority of European directors either expect their premiums for D&O cover to remain the same or increase next…
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Market
March 21, 2024
Talanx says industrial lines growth strategy is paying off
German insurance and reinsurance group Talanx has reported that insurance revenue in its industrial lines division, led by HDI Global…
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Association News
March 21, 2024
Airmic backs voluntary UK cyber governance code to ‘focus the minds’ of board members
Airmic and its members back a voluntary code for cyber governance in the UK, which is currently under consultation and…
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Legal & Regulation
March 21, 2024
Business confidence in Europe’s competitive position falls
Europe’s business federation believe that there has been no improvement in the position of European companies against global competition, with…
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CRE Insurance
March 21, 2024
Fitch predicts moderate rise in profitability for Portugal’s insurers in 2024
Portugal’s non-life insurance sector is expected to report improved profitability in 2024, with rate increases offsetting higher claims frequency and…
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ESG
March 21, 2024
Action groups claim landmark greenwashing victory in KLM case
Dutch action groups have claimed a major victory in the fight against greenwashing by the aviation industry. The District Court…
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CRE Legal Regulation
March 20, 2024
Ferma remains ‘vigilant’ as CSDDD passes next hurdle
Ferma has told Commercial Risk that it is “relieved” a risk-based approach to due diligence has survived the watered-down version…
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CRE Legal Regulation
March 20, 2024
Mining giants sued in fresh £3bn lawsuit in the Netherlands over dam collapse
Victims of the 2015 Mariana dam collapse in Brazil are suing Vale and Samarco’s Dutch subsidiary for £3bn in a…
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CRE Insurance
March 20, 2024
Ardonagh acquires Italian broker Mediass
UK-based broker Ardonagh has acquired independent Italian broker Mediass, which specialises in general liability, motor and professional indemnity to large…
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Executive & D&O
March 20, 2024
Health and safety ‘surprise’ top risk for global D&Os, finds WTW survey
Health and safety is the “surprising” top risk for 84% of global directors, officers and risk managers, according to a…
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CRE Insurance
March 20, 2024
Representations and warranties rates down sharply in 2023: Marsh
Rates for transactional risk coverage declined sharply last year, as capacity expanded and merger and acquisition activity continued to slow,…
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Association News
March 19, 2024
Tech, talent and collaboration top Darim agenda
Denmark’s risk and insurance management association (Darim) has chosen collaboration as the theme of its annual members’ conference in Copenhagen…
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Liability
March 19, 2024
AI will shift liability rather than create new risks
Artificial intelligence raises challenging questions for liability as the technology continues to outpace regulatory and legal developments, experts have told…
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ESG
March 19, 2024
Europe and Central Asia hotspots as forced labour profits reach $236bn
Annual private sector profits from forced labour have reached $236bn, up 37%, or $64bn, since 2014 with Europe and the…
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Legal & Regulation
March 19, 2024
Stability returning to EMEA insurers’ credit ratings, says AM Best
Credit ratings at European insurers and reinsurers are more stable following strong premium rate increases and a comparatively benign year…
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Market
March 19, 2024
Hannover Re beats guidance after 134% gain in net income to €1.83bn
Hannover Re’s net income more than doubled in 2023 to €1.83bn from €781m, beating earnings guidance of €1.7bn after Q4…