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.
Glass-making companies and businesses that use glass in their products are concerned of a possible glass shortage, as Russia reduces natural gas supplies to Europe, worsening the energy crisis in the region.
A shortage of carbon dioxide (CO2) could force Denmark-based brewer Carlsbergs subsidiary Carlsberg Polska to reduce or suspend production of beer in Poland.
An underwriter has won a ruling against her former employer Swiss Re Corporate Solutions Services Ltd. over sexist treatment and unfair dismissal.
A forest fire raging in western Russias Ryazan region reportedly started moving towards Moscow on Aug. 27 while destroying 19,000 hectares of land and eight emergency vehicles in its path.
According to U.S.-based Goldman Sachs Group Inc., all four large European reinsurers Munich Reinsurance Co., Swiss Reinsurance Co. Ltd., Hannover Re SE and Scor Se have underperformed the market so far this year.
South Africa's Competition Commission raided some of the top insurers in the country, including Sanlam Ltd. and Old Mutual Ltd., for allegedly colluding over insurance pricing and fees for investment products.
German insurer Talanx AG has announced that it will not reinsure the East African Crude Oil Pipeline, meant to transport oil between Uganda and Tanzania.
Food and beverage industry associations have raised concerns over potential shortage of carbon dioxide (CO2) gas and the impact on their businesses, as one of the U.K.s largest CO2 gas suppliers CF Fertilisers UK intends to suspend production due to soaring natural gas prices.
U.S.-based A.M. Best Co. Inc. said that insurance-linked securities fund managers are pursuing commutation to free trapped capital from the European reinsurance contracts related to possible COVID-19 pandemic losses.
Data from the Insurance Regulatory Authority of Uganda showed that local insurers recorded an 18.5% year-on-year increase in aggregate gross written premium to 711.6 billion Ugandan shillings ($185 million) in the first half of the year despite difficult economic environment.
U.K.-based insurance technology company Stubben Edge Group Ltd. has acquired Lloyds broker Genesis Special Risks Ltd.
U.K.-based data analytics firm GlobalData PLC said that surging inflation will affect the profitability of nonlife insurers in Europe between this year and into 2024.
Analysts at U.S.-based Goldman Sachs Group Inc. expect underwriters operating in the London market to benefit from the rate increases across property catastrophe reinsurance lines.
A ransomware gang is reportedly demanding $10 million in ransom to end a ransomware attack on the CHSF Hospital Centre in Corbeil-Essonnes, France.
Holdcroft Motor Group, one of the largest family-run car dealerships in the U.K., lost two years worth of data, including staff information, in a recent ransomware attack that targeted the companys IT system in July.