CRE Newsletter
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Market
November 9, 2023
Zurich reports 9% premium growth driven by rates
Zurich Insurance Group has reported property/casualty insurance revenue up 9% for the first nine months of 2023, driven by strong…
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Market
November 9, 2023
Hannover Re profits up, uptick in frequency losses
German reinsurance group Hannover Re has posted healthy third-quarter and nine-month results, despite experiencing an uptick in higher frequency losses.…
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CRE Insurance
November 9, 2023
Nat cat, US liability and construction set for tough renewal
The insurance market is looking much more stable for European buyers at year-end renewals but there remain some difficult areas…
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CRE Legal Regulation
November 9, 2023
Drinks companies accused of greenwashing plastic bottle recycling claims in Europe
A European consumer group has filed a greenwashing complaint to European authorities against major soft drinks companies using plastic bottles…
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CRE Insurance
November 9, 2023
Insured losses from Europe’s storm Ciarán up to €1.3bn: Verisk
European storm Ciarán is estimated to have caused insured losses of between €800m and €1.3bn, according to initial estimates from…
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Association News
November 8, 2023
Sirm members told to focus on people as work culture shifts
The corporate risk and insurance management community in Switzerland and across Europe has faced a challenging time in recent years,…
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Insurance
November 8, 2023
Sirm members told AI to transform corporate insurance market
The risk management sector and the commercial insurance market may well be heading for a rapid period of change –…
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CRE Legal Regulation
November 8, 2023
Insurance Europe criticises EC’s proposals for financial data access
The European Commission’s proposed legislative changes for managing data in the financial services sector should exclude commercial customers and only…
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CRE Insurance
November 8, 2023
Munich Re raises profit guidance on lower Q3 nat cat losses
Munich Re has raised its profit guidance for full-year 2023 after a better-than-expected third quarter result on the back of…
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CRE Insurance
November 8, 2023
Lloyd’s invests to boost ethnic diversity following slave trade report
Lloyd’s has launched a programme of initiatives to foster the careers of more Black and ethnically diverse talent in the…
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CRE Risk Management
November 8, 2023
Von der Leyen sets out AI risk management plan
UK Prime Minister Rishi Sunak filled most of the headlines during and after the recent Bletchley Park AI Safety summit…
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People Moves
November 8, 2023
PartnerRe appoints Covéa’s Dubreuil and Bucchini to board
PartnerRe has appointed Covéa executives Emmanuel Dubreuil and François Bucchini to its board of directors, taking the seats left vacant…
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CRE Insurance
November 8, 2023
Allianz Trade relaunches export risk app
Trade credit insurer Allianz Trade has relaunched its free online app, Trade Match, which identities the best export opportunities for…
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Market
November 7, 2023
Property drives Beazley’s nine-month growth
Lloyd’s insurer Beazley has reported strong growth in property premiums in the first nine months, offsetting slower growth in cyber…
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CRE People Moves
November 7, 2023
Howden Tiger targets MGA growth in Europe with Bertagna hire
Howden Tiger said it is targeting “rapid expansion” of its European MGA business as it announced the appointment of Enrico…
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CRE Legal Regulation
November 7, 2023
European construction chemicals firms face cartel investigation
Risk managers in the huge European construction chemicals sector are facing up to a new risk brought by the recent…
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CRE Insurance
November 7, 2023
Outlook ‘bleak’ for next generation of underwriting processes: survey
The majority (79%) of specialty and commercial underwriters in the UK and US say they are concerned that underwriting processes…
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Emerging Risks
November 7, 2023
Beazley planning to determine risk appetite for AI
Beazley PLC is reviewing its portfolio to determine its appetite for writing risks related to artificial intelligence and its potential…
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CRE Insurance
November 7, 2023
Arthur J Gallagher expands in Ireland with Keaney buy
Arthur J Gallagher has acquired Irish commercial insurance broker Keaney Insurance Brokers for an undisclosed sum. Managing director Terry Keaney…
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CRE People Moves
November 7, 2023
Miller strengthens mutual marine team with Bisbas hire
Specialist reinsurance broker Miller has appointed Andreas Bisbas as chairman of marine mutual reinsurance and head of mutual war within…