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CRE Insurance
Mandatory insurance causing headaches in Spain
Spanish companies and individuals are swamped by more than 700 mandatory insurance coverages, according to a survey commissioned by HDI-Seguros.
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CRE Insurance
Insurance industry urged to partner with government to plug insurance gap
The insurance industry needs to intensify efforts to fill the 'insurance gap' between insured and economic losses–particularly for catastrophe exposures–to meet the future needs of society while at the same…
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CRE Insurance
Risk managers and insurers eye further advances in MENA but big challenges remain
Growth in the MENA insurance market continues to outpace gross domestic product (GDP) on a regional and national basis according to latest analysis from the Qatar Financial Centre Authority (QFCA)…
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CRE Insurance
Aviva pension fund transfers £5bn of liability to reinsurers in biggest deal yet
Risk professionals charged with managing similar liabilities will be interested to hear that the defined benefits pension scheme of Aviva plc has transferred £5bn in longevity risk to three reinsurers…
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CRE Insurance
Revision of European insurance contract law on the cards but large risks may dodge change
An expert group set up by the European Commission to examine barriers to cross-border trade in insurance law across member states has delivered a report that could ultimately lead to…
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CRE Insurance
Industry forum calls for more mature approach to cyber insurance
Companies must take a more mature approach to the purchase and use of cyber insurance, according to the Cyber Risk and Insurance Forum (CRIF), a UK-based group of underwriters, information…
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CRE Insurance
EU backs away from mandatory cat cover but ‘resilience certification’ on the table
The threat of a mandatory pan-European disaster insurance scheme, potentially for both man-made and natural events, seems to have receded following a resolution adopted by the European Parliament early last…
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CRE Insurance
Expert predicts consolidation of P&I clubs
Some protection and indemnity clubs are outperforming others, giving rise to speculation about a round of much needed consolidation.
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CRE Insurance
Corporate round-up
AGCS strengthens marine team with new senior underwriter appointment, JLT Re creates Argentine unit and Charles Taylor Adjusting makes senior London energy appointments.
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Africa
Talent shortage set to be growing risk for businesses across Africa
The pool of ‘true’ risk managers in Africa may be much smaller than realised, increasing the risk for businesses operating in the region, according to a group of risk managers…
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Africa
Ghana cracks down on foreign exchange to support the cedi
Financial instability and a depreciating currency has pushed government to take immediate measures to rescue the Ghanaian cedi.
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Africa
Cybercrime continues to climb risk agenda in Kenya
Fraud is one of the top three risks facing Kenyan businesses today, according to a group of risk managers who say the crime continues to hamper development.
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Africa
SME lending gap filled by NIC bank/ATI partnership
Trade credit insurer African Trade Insurance Agency (ATI) and NIC Bank have announced a partnership to address the lending gap for small and medium enterprises (SMEs) in Kenya.
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Africa
News in brief
Nigeria bank rating, ACE launches casualty practice and Utility issues.
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Africa
Have your voice heard–comment
It has been a very busy start to the year for everyone. Africa remains the place to be doing business in 2014, with investors’ interest continuing as the return on…
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Africa
Uganda’s anti-homosexuality law threatens its economic expansion
Changing legislation and regulation dominate the risk landscape in four of Africa’s key economies, with anti-homosexuality legislation in Uganda attracting the attention of the world’s media and increasing the risks…
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Africa
Aviation–Sector focus
Pricing African aviation risks at multiples of developed market premiums is down to ‘lazy brokering’, Gareth Stokes was told as he talked to brokers about the considerations they make in…
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Africa
Tanzania–Country focus
CRA explores the east African state of Tanzania where new opportunities are emerging thanks to recent gas and oil discoveries.
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Africa
Taking it one step at a time–AXA profile
With more than 50 years’ experience in Africa, AXA is firmly committed to the continent but, as some of the African team explain to Liz Booth, that does not mean…
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Africa
Talent scouts–Employment focus
Finding the right person for the job is never easy but, as a new survey from EY shows, the battle for talent is only just beginning to hot up. Liz…