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Association News
Airmic pleased with Law Commission disclosure rule changes
Airmic has given a thumbs up to Tuesday's draft Law Commission proposals to amend UK insurance law governing commercial insurance disclosure rules.
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Association News
Airmic research finds five principles underpin business resilience
New research by Airmic and Cranfield School of Management has found a set of five common principles that underpin organisation resilience and help avoid potential crises.
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CRE Insurance
Western and emerging market political violence and terrorism risk gap widens
Political violence and terrorism risk is growing in emerging markets, but falling in the US, Europe and parts of the Middle East and Sub Saharan Africa, according to insurance broker…
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CRE Insurance
‘Revolutionary’ cat modelling initiative provides solutions for risk managers
Oasis Loss Modelling Framework, a not for profit company owned by leading players from the risk transfer industry, has unveiled a new platform for independent catastrophe modelling that it says…
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Association News
AGERS names López as new president
AGERS, one of Spain's risk management associations, has chosen Juan Carlos López Porcel, Director of Risk and Insurance for Southern Europe at ArcelorMittal, as its new president.
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CRE Risk Management
Paris ill-prepared for flood warns OECD
Paris is ill-prepared to face a major flood of the Seine river that could cause many billion euros of losses and affect the activities of many thousands of companies, the…
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CRE Insurance
Corporate round-up
ACE appoints new international Terrorism and Political Violence Underwriter, ORIC names Michael Sicsic as Chairman and Clements Worldwide makes key European and international appointments.
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CRE Insurance
Supply of risk capital in CEE under threat suggests S&P
Risk managers looking for cover in central and eastern Europe (CEE) will be concerned that S&P believes that the growth potential of the regions' reinsurance market may be tempered by…
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Captives
Broker calls for creation of national oil insurers to retain premium
National insurance regulators in emerging nations that hold oil resources need to work with local insurance markets to create national insurance carriers and prevent the flight of valuable premium income…
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CRE Insurance
Cyber cover in Germany an issue for medium-sized firms
Although cyber insurance is now available for a broad range of companies in Germany, medium-sized firms can still struggle to transfer related risks to the market, a broker said this…
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CRE Insurance
IRM appoints interim CEO as Fowler steps down
The Institute of Risk Management's (IRM) Chief Executive, Steve Fowler, has stepped down from his role to pursue other challenges. The IRM has named Jeremy Harrison, currently a deputy chairman,…
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CRE Insurance
EC calls for firmer implementation of workplace equality rules
European Union rules to tackle discrimination on grounds of racial or ethnic origin, religion or belief, disability, age and sexual orientation have now been implemented by all member states. But…
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CRE Insurance
Reinsurers warned to expect downgrades as outlook turns gloomy
Standard & Poor's has warned that some reinsurers face ratings downgrades or acquisition in 2014 and 2015 as pressure on profits mounts.
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Benelux
Amlin to set up branch in Germany
Amlin Europe has received permission from DNB and BaFin, the respective Dutch and German regulatory authorities, to open a branch office and offer insurance products in Germany from 1 January,…
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CRE Insurance
EU relaxes economic sanctions against Iran
The EU and the US this week relaxed economic sanctions against Iran that will see a freeing of trade with the country for a period of six months.
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CRE Insurance
Increased fraud uncovered in UK’s financial sector
Risk managers operating in, or keeping a close eye on, the UK's financial services industries may be concerned that the total value of reported fraud in the sector rose to…
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CRE Insurance
Corporate round-up
ACE enhances D&O cover for UK and Irish market, AGCS appoints key account manager, FM Global appoints Nicholas Batten as Vice President, Manager of Global Services, Kiln appoints new credit…
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CRE Insurance
Cat bonds enjoy bumper year, prices unlikely to fall further: Munich Re
Last year the catastrophe bond market enjoyed its busiest in history, growing by $3.8bn to $19bn as issuances outpaced maturities, according to Munich Re.
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Benelux
European windstorm Xaver losses €680m say PERILS
Insured property losses from European windstorm Xaver that struck in early December will total around €680m, according to the catastrophe data specialist PERILS.
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Europe
Reinsurance renewals: the impact on global programmes
January is here and everyone in the insurance sector, buyers and sellers, relaxes and breathes a sigh of relief after the annual madness of the renewal season – always assuming…