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.
U.S.-based Property Claim Services Inc. expects up to $1 billion in insured losses from the recent riots in South Africa triggered by the arrest of the countrys former president Jacob Zuma.
According to the German government, the floods that struck parts of western Germany on July 13 caused an estimated 2 billion ($2.3 billion) worth of damage to the regions rail and road network.
Austria-based insurer Uniqa Insurance Group AG expects preliminary pre-tax earnings of more than 200 million ($236 million) in the first half of the year.
The Standard Bank of South Africa Ltd. has offered to fully buy South African insurer Liberty Holdings Ltd. for $728.75 million.
The U.K. Theatre and the Society of London Theatre have blamed the U.K. government for failing to provide a timely insurance backstop for the theatre sector, which was severely affected by the COVID-19 pandemic and related restrictions.
Data from Bulgarias Financial Supervision Commission showed that local insurers aggregate profit jumped 63% year-on-year to 78.2 million Bulgarian levs ($47.2 million) in the first quarter.
Violent protests that erupted shortly after the arrest of former South African president Jacob Zuma have severely impacted South African supply chains, as rioters looted and burnt trucks, warehouses and factories, and disrupted major trade routes.
Analysts at U.K.-based insurance broker Aon PLC estimate multi-billion-dollar losses from last weeks catastrophic flooding in Europe, with much of the damage expected to be uninsured due to lack of appropriate coverage.
South Africa-based insurer Santam Ltd. said that the recent looting and property destruction in KwaZulu-Natal and Gauteng could have long-term implications on the cost of insurance and investor confidence.
Switzerland-based company Plenum Investments AG said that the historic flooding across Europe is unlikely to have an impact on the catastrophe bond market as most of the damage is uninsured.
More than 70 nightclubs in the U.K. have received a £5.2 million ($7 million) payout in COVID-19 business interruption claims from insurer Hiscox Ltd. after a successful settlement.
U.K.-based Howden Group Holdings has launched a Climate Risks and Resilience division.
Smoke from wildfires raging in Siberia covering 800,000 hectares and the city of Yakutsk on July 18, disrupting flight operations at the local airport.
The French National Federation of Agricultural Holders' Unions estimates 3 billion ($3.6 billion) in agricultural damage from the unseasonal springtime frost that hit south France on April 8.
U.K.-based insurance broker Aon PLC has named Eduardo Davila as chief executive of commercial risk, health and affinity for the Europe, Middle East and Africa region, excluding U.K.