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CRE Insurance
Reinsurance buyers can expect long-term benefits from pricing and capacity competition: Aon Benfield
As traditional reinsurers look to match the lower pricing supplied by the abundant alternative capital in the market buyers can now realistically hope for a future without heavy margin loading…
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Asia
Corporate round-up
AXA Corporate Solutions appoints new regional CEO for Asia, AIG in Europe makes new appointments to trade credit team and Lockton appoints Mark Randall as Senior Vice President.
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CRE Insurance
GCC banking regulators defend record on corporate governance
Banking supervisors in the Gulf Cooperation Council (GCC) have defended the level of corporate governance and performance of risk managers within the region's banking sector, arguing that some of the…
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CRE Insurance
Global sanctions causing headaches for risk managers at Middle East banks
Financial institutions in the Middle East are facing increasing challenges to comply with, implement and monitor global sanctions.
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CRE Insurance
Stricter EU food labelling rules place companies at increased risk warns ACE
Forthcoming new EU food labelling regulation will tighten rules governing food and drink companies and, according to ACE, could lead to more product liability claims against such firms.
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CRE Insurance
Rising nat cat exposures demand timely response
A string of large natural catastrophes over the past five years has shown that no business is immune from the disruptive power of nature. Earthquakes in Japan and Chile, storms…
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BI
Weather-related BI risk should be centre of attention
Rising natural hazard exposures are a particular problem for business interruption and supply chain risks, experts say.
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CRE Risk Management
Preparation key to protecting staff & reputation in overseas crises
Preparation is crucial for risk managers looking to protect employees caught up in crises like the recent unrest in Ukraine or major natural catastrophes, says Rob Walker, Head of Information…
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CRE Risk Management
Now or never on risk education–comment
Recent trips to the Middle East to carry out research for the GCC regional leg of this year’s Global Risk Frontiers survey has firmly underlined the biggest challenge that faces…
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Association News
AGERS revamps for birthday
AGERS, one of Spain’s risk management associations, is celebrating its 30th anniversary this year with a host of activities that aim to strengthen its position as a centre for training…
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CRE Insurance
Evolving to meet customers’ needs–Jeff Moghrabi, ACE
Don’t expect radical change at ACE in Europe following the promotion of Jeff Moghrabi to Regional President Continental Europe. Evolution not revolution is the theme, he told Commercial Risk Europe…
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CRE Insurance
A job well done–Robert Benmosche, AIG
Following the financial crisis of 2008, AIG received a $182bn loan from the US government and taxpayers to save its business, which had been severely damaged by a foray into…
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CRE Insurance
Energy firms in Middle East score ‘above average’ in Marsh risk report
Energy firms in the Middle East energy market have an ‘above-average’ approach to risk management relative to their global peer group, according to research published last month by global broking…
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CRE Insurance
Middle Eastern firms set the risk standard in LNG market: Marsh
The global Liquid Natural Gas (LNG) market is experiencing a period of rapid growth driven by a shift towards natural gas as a cleaner fuel and higher import dependence in…
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CRE Insurance
Global programmes to take centre stage in Zurich strategy ‘adjustment’
Zurich CEO Martin Senn has promised shareholders that it will take its 'foot off the brakes' and adopt a more 'aggressive stance' on the back of a global economic recovery.
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Association News
Ferma opposed to changes to EU insurance contracts
Ferma has warned the European Commission (EC) against any radical overhaul of EU insurance contract law claiming changes would jeopardise the market for large risks and likely add unwelcome costs.
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Association News
DVS chair Hans-Jürgen Allerdissen leaves Deutsche Bahn
In a surprise move DVS chairman Hans-Jürgen Allerdissen has left German Railway's captive Deutsche Verkehrs-Assekuranz-GmbH (DVA).
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Aviation
$450m losses from flight MH370 will not arrest soft aviation market–S&P
S&P estimates that insured losses from missing Malaysia Airlines flight 370 will total between $250m and $450m and not arrest declining premium rates in the global aviation market.
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Association News
French risk managers want improvements to BI coverages
The French risk management association AMRAE has called for improvements to business interruption (BI) coverage to better service the needs of insurance buyers.
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Association News
FCA claims review cautiously welcomed by UK buyers
The UK regulator has confirmed that it is to look into how the country's insurers handle commercial claims, a move welcomed by the buyers' association Airmic.