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.
Sweden-based Scandinavian Airlines Systems AB has suspended 1,700 flights in September and October as a result of a recent pilot strike and delayed aircraft deliveries.
Slovenian insurer Zavarovalnica Triglav dd's consolidated net profit declined 4% year-on-year to 45.3 million ($45.6 million) in the first half of the year.
French parametric insurance specialist Descartes Underwriting SAS has opened a new office in Frankfurt, to bring its parametric insurance products to Germany, Austria, and Switzerland.
The French meteorological department raised an "orange" alert for violent storms and floods in southern France on Aug. 17, while Paris endured intense rainstorms on Aug. 16 that led to flooding and traffic disruptions.
Data from Bulgarias Financial Supervision Commission showed that local nonlife insurers aggregate gross written premium increased by more than 7% year-on-year to roughly 1.2 billion Bulgarian levs ($614 million) in the first five months of the year.
A survey by U.K.-based insurance buyer and risk expert Mactavish found that 71% of the U.K. businesses were affected by the sanctions imposed on Russia after its invasion of Ukraine.
Real estate brokers in Bahrain are asking the countrys Real Estate Regulatory Authority to reconsider the feasibility of compulsory professional liability insurance for property brokers, saying that the risks and errors in the profession are too low to require a compulsory coverage.
Qatar-based insurer Doha Insurance Group QSCs gross written premium increased 49% year-on-year to 859 million Qatari rial ($236 million) in the first half of the year.
An impending port workers strike at Felixstowe port in England after the rejection of the latest pay offer could create transport and supply chain disruptions, as Felixstowe is one of the top container ports in the U.K. and a critical hub in the regions logistics network.
The French data protection authority, CNIL, has proposed a 60 million ($61 million) fine on France-based advertising technology company Criteo SA for alleged violation of the European Unions General Data Protection Regulation.
Switzerland-based bottler Coca-Cola HBC AG has booked a one-time charge of 190 million ($195.4 million) related to its Russian operations, after the company stopped selling its products, including Coke, in Russia following its invasion of Ukraine.
U.S.-based insurer Berkshire Hathaway Specialty Insurance is launching executive and professional (E&P) insurance for brokers and customers in Switzerland.
.Officials are expected to declare a drought in southwest England on Aug. 12, as the U.K. suffers from prolonged dry conditions and heatwaves.
U.A.E.-based insurer Abu Dhabi National Insurance Co. PSCs gross premiums increased 21% year-on-year to more than 3.2 billion United Arab Emirates dirhams ($871.3 million) in the first half of the year.
German reinsurer Munich Reinsurance Co.s profit declined almost 19% year-on-year to 1.38 billion ($1.4 billion) in the first half of the year.