CRE Newsletter
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CRE Legal Regulation
November 16, 2023
EU member states agree common position on cybersecurity act
In the ongoing effort to enhance the EU’s cyber resilience by enabling the future adoption of European certification schemes for…
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CRE People Moves
November 16, 2023
Chaucer names Schnorr head of marine & energy
Chaucer has hired Simon Schnorr as head of marine & energy, taking over the role from Kelan Hunt, who will…
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ESG Regulation
November 16, 2023
Agreement reached on proposed EU nature restoration law
The EU Parliament and the Council of the EU have reached a provisional political agreement on a regulation on nature…
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Marine
November 15, 2023
Marsh confirms Lloyd’s war risk insurance scheme for Ukraine exports
Lloyd’s underwriters have backed a new insurance scheme set up by Marsh and the Ukrainian government to provide war risk…
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CRE Insurance
November 15, 2023
UK motor market set for further rate increases
UK motor insurance rates are likely to increase further in 2024 as insurers price for claims inflation and uncertainty, according…
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CRE Risk Management
November 15, 2023
UK fraud law increases corporate criminal liability
UK directors and senior managers are now subject to higher liability if they fail to prevent fraud under a new…
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CRE People Moves
November 15, 2023
Accelerant hires Engstrand from Lloyd’s for Europe rollout
Risk exchange Accelerant has appointed Gabriella Engstrand as head of distribution for Europe from Lloyd’s, where she worked as European…
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CRE Insurance
November 15, 2023
McLarens adds Belgium’s Alecto to affiliate network for European growth
Global claims service firm McLarens has formed a strategic alliance with Belgian loss-adjusting firm Alecto Consulting, which McLarens said will…
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Executive & D&O
November 15, 2023
WTW launches global excess D&O facility
WTW has launched a global excess D&O facility that offers up to $80m in limit and “enhanced” covers. The broker…
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Supply Chain
November 14, 2023
EU agrees deal to reinforce supply of critical raw materials
Further pressure has been applied to Europe’s risk and insurance management community to keep on top of their supply chain…
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Aviation
November 14, 2023
Aeroflot and BOC Aviation agree insurance deal over stranded aircraft
Russian airline Aeroflot has reportedly agreed a settlement with Singapore-based leasing company BOC Aviation that will see nine aircraft handed…
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Market
November 13, 2023
Talanx’s industrial lines revenue up 10% as underwriting profits soar
Talanx’s industrial lines business improved its numbers for the first nine months of the year pretty much across the board,…
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Marine
November 13, 2023
QBE expands European marine business with Germany launch
QBE has further expanded its marine underwriting business in Europe by launching in Germany, with more offices set to open…
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Market
November 13, 2023
Storm Ciarán to cost insurers up to €1.5bn: Moody’s RMS
Insured losses from storm Ciarán, also known as Emir, will fall between €900m and €1.5bn, according to Moody’s RMS. Damage…
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Cyber & Technology
November 13, 2023
Third of GDPR fines against social media sites for child data breaches
Just over a quarter (26%) of GDPR fines against the largest social media platforms have been for failing to protect…
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CRE Legal Regulation
November 10, 2023
EC cyber rules threaten ‘Covid-style’ supply chain delays
Major electronics firms in Europe have warned the European Commission that new cybersecurity rules threaten the flow of their supply…
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Market
November 10, 2023
Scor swings to Q3 profit, but says man-made losses ‘too high’
Scor’s CEO Thierry Léger said it intends to “take advantage” of the hard market at January renewals “with new business…
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CRE Insurance
November 10, 2023
Inflation driving higher-for-longer commercial rates: AM Best
Europe’s top ten property/casualty insurers are outperforming their smaller rivals and are better able to capitalise on the hard insurance…
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CRE People Moves
November 10, 2023
Axis appoints Owen CEO of Lloyd’s unit
Axis Capital has named Jon Owen as chief executive of its Lloyd’s unit Axis Managing Agency. Owen is currently head…
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Climate Change
November 9, 2023
Insurers called out for ‘greenwashing profits’ from fossil fuel underwriting
Insurers are prioritising profits over the planet by continuing to underwrite projects for fossil fuel companies, according to campaign group…