CRE Newsletter
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Nordics
January 4, 2024
Howden buys Norwegian broker
Howden has bought Norwegian broker Arctic Insurance for an undisclosed fee, as it continues plans to expand in the Nordic…
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DACH
January 3, 2024
Germany’s insured nat cat losses rose to €4.9bn in 2023: GDV
Insured losses from natural catastrophes at German insurers last year reached an estimated €4.9bn, up 23% on 2022, according to…
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Captives
January 3, 2024
Prysmian confirmed as second Italian onshore captive
Italian international cable company Prysmian Group has confirmed that it is the second Italian group to receive authorisation for a…
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Market
January 2, 2024
Flat 1 Jan reinsurance renewals as stability returns
January 1 2024 reinsurance renewals were much more stable and smooth than last year due to more favourable supply dynamics,…
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Supply Chain
January 2, 2024
Supply chains begin 2024 impacted by Red Sea disruption
Shipping through the Red Sea is expected to continue to cause disruption to supply chains after Houthi rebels attempted to…
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Marine
January 1, 2024
International Group secures P&I rate reductions for all vessel types
The International Group (IG) of P&I Clubs, which secures liability pooling and reinsurance cover for the 12 P&I Clubs and…
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Risk Management
December 21, 2023
Ferma sets out priorities for greater strategic risk management focus
The interconnectedness of supply chain risks and emerging threats from AI should be top priorities for Europe’s risk managers, says…
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Legal & Regulation
December 21, 2023
Exeter University loses appeal for unexploded Luftwaffe bomb
The UK Court of Appeal has handed down judgment in the case of The University of Exeter v Allianz Insurance…
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Association News
December 21, 2023
Anra announces winners of first Italian risk management awards
Italian risk and insurance management association Anra has announced the winners of its first awards designed to celebrate the excellence…
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Legal & Regulation
December 21, 2023
EU fails to tackle AI risk with PLD, claims Irish NGO
Despite sharp criticism from the European business community for being too harsh and opening up the potential for potential mass…
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ESG
December 21, 2023
European Council agrees negotiating mandate on ESG ratings
The European Council has reached an agreement on its negotiating mandate for a proposed ESG rating regulation, to try to…
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Cyber & Technology
December 21, 2023
EU states agree common position to strengthen cybersecurity
EU member states’ representatives (Coreper) have reached a common position on the so-called ‘cyber solidarity act’ that is designed to…
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People Moves
December 21, 2023
AXA XL appoints chief claims officer for APAC and Europe
AXA XL has named Julijana Sumner as chief claims officer for APAC and Europe. Sumner joined AXA XL in 2012…
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Aviation
December 21, 2023
Aircraft firms settle with Russian insurer over stranded jets
Leasing firm Dubai Aerospace Enterprise (DAE) has reached a $118m settlement with Aeroflot’s insurer over seven aircraft it had leased…
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CRE Legal Regulation
December 20, 2023
Ferma welcomes political agreement on Solvency II
Ferma has applauded the efforts of the Spanish Presidency of the Council of the EU, the European Council and the…
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Marine
December 20, 2023
War risk rates spiral as conflict intensifies in Red Sea
The London marine insurance market has widened the area in the Red Sea it deems as high risk after the…
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M&A
December 20, 2023
Howden continues European expansion with Netherlands deal
Independent insurance group Howden continues its recent charge into mainland Europe from its London base through the acquisition of VLC…
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CRE Legal Regulation
December 20, 2023
Europe’s insurers welcome exemption from due diligence rules
Insurance Europe, the federation that represents the European insurance sector, has welcomed news that the European Parliament and member states…
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CRE Associations
December 20, 2023
Ferma announces committee to boost ERM
Europe’s risk management association Ferma will establish a new enterprise risk committee in January after identifying key areas of risk…
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CRE Insurance
December 20, 2023
Skuld posts decent nine-month result despite turbulent marine market
Norwegian marine insurer Skuld reported a profit of $69m for the first nine months of the 2023/24 financial year, an…