CRE Newsletter
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Risk Management
January 10, 2024
AI-driven disinformation tops WEF’s global risk list as elections loom
AI-driven misinformation and disinformation has shot straight in as the number one short-term risk in the World Economic Forum’s (WEF’s)…
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Supply Chain
January 10, 2024
Lloyd’s calls for product innovation to tackle global transport supply chain risks
The majority (77%) of transport and logistics companies say they lack access to supply chain insurance solutions, according to research…
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CRE Insurance
January 10, 2024
Buyers in the UK and Italy face highest rate hikes in Europe this year, says Fitch
Non-life insurers in the UK and Italy will push through the strongest rate increases in Europe in 2024, according to…
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Marine
January 10, 2024
Supply chain insurer Parsyl doubles capacity for Lloyd’s cargo consortium
Supply chain insurtech Parsyl has more than doubled capacity for its cargo consortium at Lloyd’s to $55m. The Essential Consortium,…
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CRE Insurance
January 10, 2024
Zurich opens 2024 global startup programme
Zurich has launched its fifth industry global startup programme, inviting new businesses from around the world to apply to its…
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RM News
January 10, 2024
Future of insurance CROs secured through strategic role, says LCP
Non-life insurance firms where chief risk officers (CROs) have a seat at the table in decision making will be among…
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Supply Chain
January 9, 2024
Global supply chains in ‘crisis’ as two shipping routes disrupted
Experts have warned that global supply chains could “break” as disruptions to two vital shipping routes affect normal trade times…
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Insurance
January 9, 2024
Nat cat insured losses hit $95bn last year: Munich Re
Global insured losses from natural disasters reached $95bn last year, below the $105bn five-year average but above the $90bn average…
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People Moves
January 9, 2024
Aon appoints Kielty CEO for UK
Aon has named Jane Kielty as its CEO for the UK, from her current role as head of commercial risk…
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Reinsurance
January 9, 2024
Guy Carp’s property cat reinsurance index up 5.4% at 1 Jan
Guy Carpenter’s Global Property Catastrophe Rate on Line (ROL) Index increased 5.4% at 1 January 2024 renewals compared to the…
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People Moves
January 9, 2024
MGA Alta Signa appoints pan-European underwriting team
European MGA Alta Signa has made several new appointments to establish a pan-European underwriting team, which it said will support…
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DACH
January 9, 2024
Swiss Re Corporate Solutions names Rüsch head of DACH
Swiss Re Corporate Solutions will appoint Michael Rüsch to the newly created role of head DACH on 1 April. Rüsch,…
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DACH
January 8, 2024
Gallagher acquires German financial lines broker Köberich
A J Gallagher has acquired German specialty broker Köberich Financial Lines as it continues to expand in Europe. Gallagher said…
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CRE Insurance
January 8, 2024
Demand for sovereign debt insurance grows as costs rise: Chaucer
Rates for contract frustration insurance are on the rise as concerns grow that cash-strapped governments are increasingly at risk of…
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CRE Insurance
January 8, 2024
Bridgehaven and Avid partner to expand UK property capacity for social housing risks
Capacity for social housing property risks in the UK will be boosted by new excess of loss insurance offered as…
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Aviation
January 5, 2024
Aviation lessor disputes ‘hang over’ market to keep rates high: Gallagher
Legal proceedings brought by aircraft lessors with planes left stranded in Russia after it invaded Ukraine are likely to take…
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UK/Ireland
January 5, 2024
UK financial services name inflation as top challenge for 2024: KPMG
UK financial services leaders say inflation will be the biggest challenge for their business in the first quarter of 2024,…
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CRE Legal Regulation
January 5, 2024
EIOPA warns inflation could increase Solvency II capital
Europe’s insurers have been warned that inflation could drive an increase in their solvency capital requirements (SCR). The European Insurance…
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Market
January 4, 2024
Reinsurance renewals ‘smooth’ but cost of European cat cover up: Aon
The 1 January reinsurance renewals were “relatively smooth” with overall pricing flat to slightly up, but things were tougher for…
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Brokers
January 4, 2024
Gallagher creates new position to help drive European expansion
A J Gallagher has appointed Nepomuk Loesti from AIG to the newly created role of chief commercial officer for European…