CRE Newsletter
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Legal & Regulation
January 19, 2024
MEPs pass greenwashing and misleading product directive
The European Parliament has given its final green light to a directive that aims to improve product labelling and ban…
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Supply Chain
January 18, 2024
Emerging manufacturing hubs record spike in political risk threat to supply chains
Multinationals diversifying their supply chains to build greater resilience face growing political risk and civil unrest threat in the majority…
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Geopolitical
January 18, 2024
Underwriters insert UK, US and Israeli shipping exclusions for Red Sea transits
Underwriters are imposing exclusions on ships with links to the UK, UK or Israel continuing transit in the Red Sea,…
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Legal & Regulation
January 17, 2024
Repsol sued in Dutch court for Peru oil spill damage
Spanish oil firm Repsol faces a class action in the Netherlands for a reported $1bn, alleging an oil spill off…
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DACH
January 17, 2024
Confidence in reputational risk management falls in DACH
Companies are becoming increasingly aware of their reputational risks and the potential costs of image damage, not least due to…
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Marine
January 17, 2024
Tankers divert as war risk premiums jump again for Red Sea route
War risk premiums for shipments through the Red Sea region have jumped to about 1% of the ship‘s value over…
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People Moves
January 17, 2024
Chaucer announces Richard Milner as CEO from Aspen UK
London-based global specialty (re)insurer Chaucer has appointed Richard Milner as group CEO from US-based rival Aspen, where he was CEO…
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Nordics
January 17, 2024
HDI enters Swedish jewellers block market
HDI Global Specialty has entered the Swedish and Nordic jewellers block insurance market with the hire of experienced underwriter Frank…
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Supply Chain
January 16, 2024
Red Sea shipping crisis beyond Q1 would severely impact supply chains, warns Allianz Trade
The impact of disruption to the Red Sea shipping route on global supply chains could become “more severe” if it…
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Risk Management
January 16, 2024
Cyber and BI remain biggest concerns while fears over political threats rise in Allianz Barometer
Cyber and business interruption remain the biggest concern for companies across the world, according to the latest Allianz Risk Barometer.…
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France
January 16, 2024
French financial supervisor to focus on climate and cyber risks in 2024
French insurers and wider financial institutions will find their approach to cyber and climate risk identification, prevention and management strategies…
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Risk Management
January 16, 2024
Europe’s economic outlook weakens ‘significantly’ for 2024: WEF
More than half (56%) of chief economists told the World Economic Forum (WEF) that they expect the global economy to…
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Supply Chain
January 15, 2024
Companies not learning supply chain lessons as shipping disruption becomes the norm
Companies need to plan for repeated supply chains disruption as climate change and geopolitical threats increasingly affect critical shipping and…
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Association News
January 15, 2024
Ferma launches new international survey, website and logo
Ferma has started the new year by launching its first international risk manager survey, updating its website and revamping its…
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Geopolitical
January 15, 2024
Marsh holds talks with Ukraine over aviation transport cover and further cooperation
The Ukraine is working with Marsh McLennan and its consultancy Oliver Wyman to develop a transformation strategy for the country…
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Legal & Regulation
January 15, 2024
EC opens enquiry into AI market competition
The European Commission has launched an inquiry into market competition in virtual worlds and generative AI, and sent requests for…
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Cyber & Technology
January 15, 2024
Europe leads global cybersecurity as new benchmark warns of third party risk
Europe scores as the highest rated region for cybersecurity in a new cyber resilience monitor published by risk management analyst…
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People Moves
January 15, 2024
HDI Global names new director for property in UK and Ireland
HDI Global has appointed Kate Sutcliffe from Sompo International as director for property in the UK and Ireland. She takes…
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DACH
January 15, 2024
IT service providers first line of defence for smaller German firms
Small German companies are heavily reliant on IT service providers to help them with cybersecurity, while medium-sized firms are more…
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DACH
January 15, 2024
German insurers call for state action on flood prevention
Germany is still planning, building and renovating as if climate change is not happening, with flood risk rising fast as…