EMEA
U.S.-based insurance broker Acrisure LLC has acquired U.K.-based specialist commercial insurance broker CRK Commercial Insurance Services Ltd.
Telecommunication companies in European countries, including France, Sweden and Germany, have raised concerns of mobile network connectivity disruptions this winter should the energy crisis in Europe lead to power cuts for telecom companies.
Data from the Polish Chamber of Insurance said that local insurers aggregate gross written premium dropped by 0.5% year-on-year to almost 7.6 billion ($7.4 billion) in the first half of the year, mostly due to the more than 8% decline in life insurance premiums.
A study by U.S.-based analytics firm LexisNexis Risk Solutions Inc. found that 71% of financial firms in the Europe, Middle East and Africa region consider geopolitical risk as the leading contributor of crime compliance costs borne by them.
The Norwegian Petroleum Safety Authority warned oil companies against unidentified drones that have been recently sighted near various Norwegian offshore oil and gas platforms, including energy company Equinor ASAs installations.
The U.K.'s Information Commissioner's Office is expected to impose a fine of £27 million ($29 million) on TikTok Inc. and TikTok Information Technologies U.K. Ltd. over the alleged violation of children's privacy protection law.
Spanish airports operator Aena SME SA said that more than 640 flights to and from Spains Canary Islands were canceled on Sept. 25 and 26 as Tropical Storm Hermine lashed the islands.
Japanese automaker Toyota Motor Corp. has decided to close its factory in Russias St. Petersburg due to logistical restrictions and resulting component shortage driven by the Ukraine-Russia war.
Data from the Czech Insurance Association showed that the aggregate gross written premium of member insurers increased almost 8% year-on-year to approximately 80 billion Czech koruna ($3.3 billion) in the first half of the year.
According to the Slovak Insurance Association, aggregate gross written premium of its member insurers operating in Slovakia increased by more than 4% year-on-year to 1.3 billion ($1.3 billion) in the first half of the year.
A fire erupted at the worlds largest nickel plant in Monchegorsk, Russia, on Sept. 14.
Data from Bosnia and Herzegovinas insurance supervision agency showed that local insurers gross written premiums increased 8.7% year-on-year to 411.5 million Bosnian mark ($210 million) in the first eight months of the year.
Swiss catastrophe data provider Perils AG will start providing exposure data and event industry loss data on European flood risks.
A report by cyber risk analytics expert CyberCube found that a sovereign Russian internet could lead to cybercriminal safe havens and create security risks with consequences for insurers and reinsurers.
Flooding caused by a mine dam wall collapse on Sept. 11 in Jagersfontein in South Africa's Free State province swept away houses and cars, and killed one person and injuring another 40.
U.K-based roofing products manufacturer Eurocell PLC has disclosed a major cyber attack after an unauthorized third party gained access to its systems and copied data belonging to current and former employees.
The aggregate gross written premium of insurers in the Commonwealth of Independent States dropped by more than 6% year-on-year to nearly 6 billion ($6 billion) in the first quarter of the year, primarily due to a decline in the regions leading insurance market Russia.
South African insurer Old Mutual Insure Ltd., a subsidiary of Old Mutual Ltd., has agreed to acquire Gauteng, South Africa-based nonlife insurer Genric Insurance Company Ltd.
Romanias Ministry of the Environment has frozen all the bank accounts of Romanian airline Blue Air Aviation SA, forcing the airline to cancel all flights from Sept. 6 to 12.
Insurance broker Aston Lark Ireland has acquired Irish insurance brokerage Gateway Insurance and Investments, strengthening its foothold in the Midlands of Ireland.
German commercial insurance broker MRH Trowe AG has acquired a majority stake in Hamburg-based AFM Holding AG, which is one of the top 25 industrial insurance brokers in Germany.
U.K.-based carmaker Jaguar Land Rover Automotive PLC is planning to suspend production this week until the end of September due to the shortage of semiconductor chips and supply chain issues.
U.K.-based Aon PLC said that the inflation, geopolitical uncertainty due to the Russia-Ukraine war and supply chain disruptions significantly affected the trade credit insurance market in the second quarter of the year.