CRE Newsletter
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Liability
March 19, 2024
AI will shift liability rather than create new risks
Artificial intelligence raises challenging questions for liability as the technology continues to outpace regulatory and legal developments, experts have told…
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ESG
March 19, 2024
Europe and Central Asia hotspots as forced labour profits reach $236bn
Annual private sector profits from forced labour have reached $236bn, up 37%, or $64bn, since 2014 with Europe and the…
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Legal & Regulation
March 19, 2024
Stability returning to EMEA insurers’ credit ratings, says AM Best
Credit ratings at European insurers and reinsurers are more stable following strong premium rate increases and a comparatively benign year…
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Market
March 19, 2024
Hannover Re beats guidance after 134% gain in net income to €1.83bn
Hannover Re’s net income more than doubled in 2023 to €1.83bn from €781m, beating earnings guidance of €1.7bn after Q4…
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Cyber & Technology
March 19, 2024
UK SMEs ‘woefully unprepared’ for cyber threat
New research commissioned by London-based cyber MGA Cowbell has found that UK SMEs are “woefully unprepared” to react to a…
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DACH
March 19, 2024
German Cartel Office gives green light to Gothaer-Barmenia merger
The German Federal Cartel Office has approved the planned merger between Cologne-based Gothaer and Barmenia from Wuppertal to create one…
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Association News
March 18, 2024
Ferma’s survey deadline approaches
The deadline to take part in this year’s Ferma survey, which is open to risk managers around the world for…
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Legal & Regulation
March 18, 2024
Apple settles shareholder fraud suit led by UK council for $490m
Apple has agreed a $490m settlement with a group of shareholders who accused the company of committing fraud for failing…
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Legal & Regulation
March 18, 2024
BusinessEurope unhappy with revised CSDDD
BusinessEurope, the European confederation that represents 40 national industry and employers’ organisations, is unhappy with the agreement on the EU…
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Legal & Regulation
March 15, 2024
European Council adopts watered down CSDDD
The Belgian presidency of the European Council has finally managed to gain approval for the Corporate Sustainability Due Diligence Directive…
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Legal & Regulation
March 15, 2024
Italy fines TikTok after French Scar probe into child safety
Italy’s competition regulator has fined social media platform TikTok €10m for failing to monitor content that threatened child safety. The…
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Property
March 15, 2024
UK government urged to support new reinsurance panel for combustible clad buildings
A new reinsurance facility covering commercial and residential buildings cladded in combustible materials has been launched in the UK, more…
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France
March 15, 2024
French nat cat carrier posts big technical loss from rising weather events
French state-backed catastrophe carrier CCR recorded a significant technical loss of €112m for 2023 due to heavy natural disasters in…
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Legal & Regulation
March 15, 2024
German insurers question ‘high risk’ insurance under AI Act
The German insurance association (GDV) has reiterated its criticism of the decision to include life and health insurance within the…
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Benelux
March 15, 2024
Marsh names new marine director in the Netherlands
Marsh has appointed AIG’s Koen van Leuven as marine broking director for the Netherlands. He is expected to join this…
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Legal & Regulation
March 14, 2024
EU Parliament approves AI act
The European Parliament has approved the Artificial Intelligence Act, the world’s first binding law aimed at reducing AI risks. The…
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Cyber & Technology
March 14, 2024
Dutch cybersecurity and insurance firm secures further €36m funding
Eye Security, the fast-growing Netherlands based cybersecurity and insurance firm, has announced a further €36m Series B investment led by…
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Supply Chain
March 14, 2024
Supply chain pressure rises as EU Forced Labour Regulation agreed
EU members states have agreed the Forced Labour Regulation that prohibits products made with forced labour from the EU, so…
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Liability
March 14, 2024
QBE launches UK healthcare practice group with new liability product
QBE has created a healthcare practice division in the UK, headed by Doug Walker. It coincides with the launch of…
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People Moves
March 14, 2024
Barnett Waddingham adds former risk manager Websdell to risk and resilience team
UK consultancy Barnett Waddingham has appointed former risk manager Nick Websdell to its risk and resilience team. Websdell joins as…