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Europe
Need for global EIL programmes as regulatory burden grows
Risk and insurance managers of multinational businesses need to assess how they insure cross-border environmental impairment liability risks in the face of changing exposures, according to a new report from…
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Europe
S&P insurance industry and country risk assessments updates
Standard & Poor's Ratings Services has released insurance industry and country risk assessments covering the insurance sectors in Australia, South Africa, Nigeria, Belarus, Oman, Qatar, and the United Arab Emirates…
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Europe
Captive domicile report: Malta–Ready for take-off
Malta’s captive market does not, on the surface, appear to be a large sector. But as a member of the EU, and with certainty over Solvency II implementation, together with…
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Europe
Captive domicile report: Malta–Ready to reap the benefits of Solvency II
After years of preparation, the deadline for Solvency II has finally been set for January 1, 2016. For Malta, a member of the EU since 2004, it could not come…
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Europe
Marsh report explores captive evolution in 2013
Single parent captives continue to be the preferred structure of captive owners, representing two thirds of the total captive count, according to Marsh's annual captive benchmarking report. The Evolution Of…
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Europe
News in brief
P&I sector has intermediate risk says S&P, New global financial risks head for Liberty in Asia, Strong growth in Turkish non-life insurance market, ACE forms Global Property Risk Engineering unit,…
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Europe
Tax and regulatory news
Airmic to launch global compliance database in June, Guide to 2014 indirect taxation in Europe, US and EU in regulatory meetings, IAIS to streamline organisation, EIOPA launches insurance sector stress…
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Europe
Captive news
One third of US captives used for tax–Marsh survey, Guernsey signs 99 new insurers, Bermuda premiums grew 12% in 2012, Japan still cool on captives, Temporary Cayman supervisor named and…
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Europe
Editor’s comment–Good news for buyers
With the global economy recovering from the economic crisis and developed countries starting to see growth again, businesses should begin broadening their horizons once again. Bigger companies are looking for…
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Europe
Malaysia market report–A market on the move
The Malaysian insurance market has seen solid growth in recent years, but changes are on the horizon. New regulations came in last year affecting the insurance and takaful sectors, which…
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Europe
Claims in global programmes: ignorance is risk–Graeme Condie and Winfried Rommel, AGCS
Graeme Condie, international insurance solutions sales & marketing manager at Allianz Global Corporate & Specialty (AGCS) and Winfried Rommel, head of global practice group & partner coordination at AGCS, examine…
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Association News
Mahnke of Siemens takes over from Allerdissen at DVS
The Siemens chief risk manager Alexander Mahnke has been appointed the new chairman of the German risk managers' association Deutscher Versicherungs-Schutzverband (DVS).
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CRE Insurance
Insurer and reinsurer profits show strain of soft market
Despite benign catastrophe losses, some of the world's largest commercial insurers and reinsurers reported lower profits in the first quarter of 2014 as rate reductions and lower investment returns started…
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CRE Insurance
Charman steams on with plan to take out Aspen despite analysts’ jitters
John Charman, Chairman and CEO of Bermuda-based insurance and reinsurance group Endurance, told analysts and investors recently that the company remains committed to pursuing its 'strategic combination' with rival insurer…
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CRE Insurance
Corporate buyers derive larger benefits from alternative capital
New capital flowing into the reinsurance market is beginning to result in cheaper cover and higher limits for corporate buyers as well as creating new opportunities for risk transfer, according…
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Association News
Survey reveals risk management progression but work to be done
A recent survey and report from RIMS and Marsh has delivered mixed news on the progression of the risk management profession. While it finds that a majority of risk managers…
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CRE Risk Management
Leading Gulf risk manager calls for rethink on ISO 31000 certification
A leading risk manager in the Middle East believes that the international risk management community has missed a trick by failing to make ISO 31000 a certified standard rather than…
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CRE Insurance
IT department does not own risk claims leading IT risk manager
A top US IT risk manager has reminded companies that the owner of cyber or IT risk should be someone on the business side of the organisation and not in…
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CRE Insurance
MAPFRE growth boosted by Brazil and ‘green shoots’ finally spotted in Spain
The Brazilian and wider Latin American region continued to show its significance to international insurers and reinsurers as Spanish insurance group MAPFRE reported healthy first quarter numbers buoyed by business…
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CRE Insurance
Privatisation of credit insurer CESCE could spell bad news for buyers
The privatisation of CESCE, Spain's second largest credit insurer, could adversely affect the credit insurance market for Spanish exporters, according to a leading broker.