CRE Newsletter
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DACH
September 10, 2023
Howden Germany appoint Aon’s Breeck to boost large corporate offering
Howden Germany has appointed Rainer Breeck from Aon to head up a revamped large corporate clients division. Breeck will work…
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Cyber & Technology
September 10, 2023
Pool Re and market looking at cyber insurance pool
UK terrorism backstop and reinsurer Pool Re has told Commercial Risk Europe that it is exploring with insurers and risk…
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Cyber & Technology
September 9, 2023
Ferma hopes ongoing dialogue over PPPs will now pay off
Ferma has told Commercial Risk Europe that it has kept dialogue open with all relevant stakeholders on the need for…
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DACH
September 8, 2023
Opinion divided over swift return to soft German market
The German industrial insurance market hardening has peaked for most risks with things calming down for buyers and even easing…
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Cyber & Technology
September 8, 2023
Cyber claims becoming more difficult and technical, warn brokers
Cyber insurance claims have become more difficult for buyers, with carriers now asking very detailed questions before paying out, brokers…
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DACH
September 8, 2023
Buyers and brokers play down concerns over industrial insurance oligopoly
German risk managers, brokers and insurers are not overly concerned about the supposed oligopoly that dominates their industrial insurance market,…
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DACH
September 8, 2023
German risk managers keen to follow French example on captives
There is rising interest among German risk and insurance managers in captives and a more friendly regulatory and fiscal environment…
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Liability
September 7, 2023
Carriers set to maintain PFAS exclusions despite buyer concerns
The (re)insurance industry will have to maintain exclusions for many PFAS substances, also known as forever chemicals, until it can…
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DACH
September 7, 2023
German cyberattacks continue to mount despite improved insurance conditions
German risk and insurance managers may be feeling a little more relaxed about their coming cyber insurance renewals as they…
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DACH
September 7, 2023
GVNW urges insurers to focus on coverage for green transition
The German risk and insurance management association (GVNW) would like to see insurers focus on delivering new coverages for innovations…
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DACH
September 7, 2023
German insurance managers urged to act now to secure adequate property renewals
GVNW members have been advised to proactively review their ability to retain more property and BI risk because insurers will…
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Reinsurance
September 7, 2023
Reinsurers remain disciplined despite capacity inflows
Reinsurance capacity is increasing ahead of the January 2024 renewals, but softening seems unlikely as reinsurers maintain discipline, according to…
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CRE Insurance
September 7, 2023
Lloyd’s posts £3.9bn first half profit
Lloyd’s posted strong profits and growth in the first half of 2023, with improved underwriting and investment results. The London-based…
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CRE Insurance
September 7, 2023
Beazley reports record half year profit of $366.4m
Beazley reported record half-year profit at $366.4m, driven by growth in its North American property business and cyber in Europe.…
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Aviation
September 7, 2023
Russian insurer pays AerCap $645m for stranded planes
Irish aircraft lessor AerCap said it has received $645m in a settlement with a Russian insurer for the loss of…
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CRE Insurance
September 7, 2023
McGill launches German and Swiss operations
McGill and Partners, the fast-growing global boutique specialist (re)insurance broker launched in 2019, has expanded its reinsurance offering with office…
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CRE Insurance
September 7, 2023
RSA to acquire Direct Line commercial book
UK insurer RSA and its parent Intact Financial Corporation have agreed to acquire the brokered commercial lines business of Direct…
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DACH
September 7, 2023
Fiedler calls for withdrawal of blanket exclusions to back Ukraine reconstruction
German risk and insurance managers have called on the insurance and reinsurance market, potentially with state support, to reconsider its…
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CRE Insurance
September 7, 2023
Scor targets specialty and alternative solutions for corporate customers
Scor has pledged to drive growth in alternative solutions for corporate customers as it adopts a more prudent approach to…
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DACH
September 7, 2023
German insurance buyers face more relaxed liability negotiations: Aon
Rare positive news comes for German risk and insurance managers as they gather for their annual GVNWE Symposium, as Aon…