CRE Newsletter
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DACH
March 28, 2024
Cyber liability and D&O rise on list of German managers’ concerns
German managers continue to perceive cyber as the most significant liability risk for the next 12 months. The dangers of…
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People Moves
March 27, 2024
Zurich names Thornberry group chief claims officer
Zurich has named Tom Thornberry as its new group chief claims officer. Thornberry is currently global head of financial lines,…
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Climate Change
March 27, 2024
WTW says risk management needs more focus on volcanic eruptions
WTW and the University of Geneva are working to quantify systemic global risks from very large volcanic eruptions, to help…
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CRE Insurance
March 27, 2024
Europe’s reinsurers ‘strong enough’ to build additional reserves, says AM Best
Europe’s four largest reinsurers – Munich Re, Swiss Re, Hannover Re and Scor – more than doubled combined earnings in…
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CRE People Moves
March 27, 2024
Sedgwick names COO for UK
Claims management firm Sedgwick has appointed Peter Farrelly as chief operating officer in the UK. Farrelly joined Sedgwick in 2019…
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Market
March 27, 2024
Market conditions remain ‘positive’ despite rising competition: Brit
Martin Thompson, group chief executive officer at London-based specialty carrier Brit, said that market conditions continue to harden overall and…
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Cyber & Technology
March 27, 2024
Hannover Re combines cyber and digital in new specialty unit
Hannover Re will combine its global cyber and digital business in a move that it said will further strengthen its…
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ESG
March 26, 2024
EC adopts tougher criminal sanctions for environmental crime
The European Council has formally adopted a directive to protect the environment through criminal law. It said that the law…
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Terrorism
March 26, 2024
Policyholders to benefit from Pool Re’s new treaty structure
UK policyholders, insurers and tax payers are expected to benefit from the shift of state-backed terror insurance facility Pool Re…
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Market
March 26, 2024
HDI Global posts strong growth despite rising competition
HDI Global has announced double-digit growth in insurance revenue and a further improved combined ratio as the Germany-based insurer continued…
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Risk Management
March 26, 2024
Companies must accelerate transition to strategic risk management in face of polycrisis, says Ferma
Ferma has told Commercial Risk that while the upward direction of travel is clear, there remains a way to go…
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Cyber & Technology
March 26, 2024
UK imposes sanctions for China-backed cyberattack on electoral register
The UK government has imposed sanctions on two Chinese nationals and a company after accusing China state-backed actors of orchestrating…
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Insurance
March 26, 2024
Softer UK PI market drives fewer law firm closures
Softer rates for professional indemnity insurance (PII) in the UK, driven by capacity from new entrants, has seen the number…
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Risk Management
March 25, 2024
CEO syndrome threatens effectiveness of ERM
Risk managers must be alive to the effects of cognitive bias on enterprise risk management (ERM) programmes and take steps…
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People Moves
March 25, 2024
RSA names Collman property lead for UK specialty lines
RSA Insurance has appointed Tony Collman as property director in its UK specialty lines business. Collman has been filling the…
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France
March 22, 2024
French group triggers plan to repatriate Luxembourg captive back home
French aerospace group Safran has told Commercial Risk that it is relocating its reinsurance captive company from Luxembourg back to…
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Risk Management
March 22, 2024
Europe dominates FM Global resilience index
European countries dominate the top ten most resilient nations in FM Global’s latest 2024 Global Resilience Index, which measures 130…
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Insurance
March 22, 2024
Risk managers turn to parametric solutions as protection gap widens
Parametric coverages are rapidly becoming an essential part of the risk management toolbox, as organisations the world over struggle to…
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ESG
March 22, 2024
Slow progress for women in UK’s financial firms as representation reaches 35%
More than 200 UK finance firms averaged 35% of women in senior management roles in 2023, up just 1% from…
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Market
March 22, 2024
Zurich expands into the Baltics
Zurich is entering the Baltic market to offer solutions for middle-market companies in Estonia, Latvia and Lithuania. The expansion will…