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.
South African state-owned insurer Sasria SOC Ltd. expects to receive up to 10 billion South African rand ($683 million) in insurance claims for theft and damage to businesses from the civil unrest triggered by the arrest of former South African president Jacob Zuma.
Heavy rains have caused once-in-a-generation floods in Germany on July 14, with the city of Hagen declaring a state of emergency after the Volme river burst its banks.
Insurance broker Marsh Ltd. has launched its third engineering hub in the Middle East and Africa region in Al-Khobar.
A Swedish courts decision to deny the renewal of cement supplier Cementa ABs limestone mining license on environmental grounds could force the company to stop production at its factory in Slite, which would bring the countrys construction activities to a halt.
U.S.-based Berkshire Hathaway Specialty Insurance Co. has started offering property insurance for German small and medium enterprises, generally dubbed as Mittelstand.
The Aqua Splash water park in Lough Derg, Ireland, had to close on July 13 due to difficulty in renewing public liability insurance amid skyrocketing premiums.
Darktrace PLC, the cybersecurity company that was listed in April, upgraded its guidance for 2022 on Thursday as it said revenue for the financial year just ended would grow by a better-than-expected 40% plus to at least $278 million.
Riots triggered by the arrest of former South African president Jacob Zuma have caused an estimated 1 billion South African rand ($70.4 million) worth of damage to private and public infrastructure in the South African province of KwaZulu-Natal.
The French Competition Authority has fined Google LLC 500 million ($592 million) for failing to negotiate with French publishers in good faith over a licensing fee dispute relating to the publishers content.
A survey by U.K.-based law firm Clyde & Co. LLP found that the London professional indemnity market has strong appetite despite a recession as well as regulatory and cyber challenges looming over the industry.
A report by the Central Bank of Ireland said that insurers are now exiting some business lines in Ireland due to very high legal costs, settlement payouts and reinsurance costs, leaving some businesses without insurance coverage.
Aon PLCs Impact Forecasting unit said that the recent series of severe convective weather, thunderstorms, rainfall, floods and tornado in Europe caused an estimated $4.5 billion in aggregated insured and reinsured losses, becoming the costliest European weather event ever.
U.K.-based private utility company Southern Water Services Ltd. has pleaded guilty to illegal sewage discharge into rivers and coastal waters over the years and has been issued a record fine of £90 million ($125 million).
Morocco-based reinsurer Societe Centrale de Reassurance SA has set up a representative office in Johannesburg, as part of its international expansion strategy.
Basel El Hini, chairman of the Egyptian government-owned Misr Insurance Holding Co., said that the insurance group is eyeing expansion in the Saudi Arabian market after the COVID-19 pandemic subsides.