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CRE Insurance
2013 nat cat and man-made losses a modest $44bn
Insured losses from natural catastrophes and man-made disasters cost the global insurance industry $44bn in 2013 with flooding a major driver, according to preliminary estimates by Swiss Re.
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Association News
Ferma challenged to drive risk management in Latin America
Luis San Juan, Client & Distribution Leader for Latin America at XL Group, has called on Ferma and national European associations to help develop risk management in Latin America and…
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CRE Insurance
French non-life outlook remains stable – Fitch
The overall outlook for the French non-life insurance sector remains stable going into 2014 but the ratings outlook is negative, according to Fitch.
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CRE Insurance
Corporate round-up
AGCS names Ole Ohlmeyer as Austrian country manager, Swiss Re's CFO to leave for Zurich and Kiln appoints new head of construction and engineering in Singapore.
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‘Buyers’ energy market in 2014 says Marsh
The energy market looks set fair for buyers in 2014 with plentiful capacity likely to result in favourable pricing movement and better terms and conditions, according to Marsh. However, the…
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Europe
CRE seminar: No easy solutions for global programmes
Delivering a compliant multinational programme remains a tricky job for risk managers who generally tend to overly rely on master policies and have to deal with a lack of clarity…
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Europe
Selling the global programme to subsidiaries (Part Two)
A number of obstacles arise when establishing a centralised global insurance programme, especially when it comes to subsidiaries that have traditionally placed their own business with local insurers. International Programme…
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Europe
Insurance regulators not addressing needs of multinationals say experts
Insurance regulators around the world are not addressing the needs of multinational companies and are failing to provide clear rules to help place coverage on a global basis, according to…
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Europe
Swiss Re: Global insurance market poised for growth
Swiss Re is predicting premium growth in the non-life primary market, particularly in emerging markets. It believes reinsurance premiums will follow suit, largely driven by global economic growth which the…
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Europe
ECIROA suggests amendments to Solvency II captive rules
The European Captive Insurance and Reinsurance Owners' Association (ECIROA) has written to the Internal Market and Services Directorate General of the European Commission and the European Insurance and Occupational Pensions…
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Europe
Clyde & Co’s global insurance advent calendar
The Corporate Insurance team at Clyde & Co have published a series of predictions for 2014 in an advent calendar format (one per day) in the run up to Christmas.…
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Europe
Tax and regulatory news
Tax collection agencies to increase use of technology, Insurance premium tax update from TMF Group, VAT changes in Portugal and Malaysia, Tax Point for the Contribution Rentes in France, Delay…
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Europe
News in brief
Cross-border business travel risks on the rise, Brazilian insurance sector to remain stable, AXA to acquire majority stake in Colombian insurer, AGCS becomes a Societas Europaea, Pakistan insurance industry growing…
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Europe
Captive news
Cayman sees return to captive growth in 2013, Cayman signs tax information agreement with US, Texas enacts captive relocation law, Fitch on protected cell captive ratings criteria, Oklahoma enacts new…
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Europe
Editor’s comment – Predicting the forecasts for 2014
It is coming to that time of year when people start making predictions and forecasts. What will we see in 2014? What trends are developing? Is there a new moon…
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Europe
Taiwan market report
According to statistics released by Taiwan's Financial Supervisory Commission Insurance Bureau, at the end of 2012 the market comprised 54 insurance companies of which 31 were life insurance companies and…
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Benelux
Tax authorities are turning their attention to global insurance programmes – Richard Asquith, TMF Group
As governments across Europe and globally continue to grapple with inflated deficits, the pressure on state Treasuries and tax authorities to raise additional revenues is being felt in the insurance…
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Africa
Confidence key for South African future, say region’s risk managers
Risk managers have called for greater confidence in South Africa’s future and have urged businesses, together with the media, to focus on the positive, instead of dwelling on the negative…
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Africa
Fitch believes SSA growth to continue despite lower commodity prices
In its latest SubSaharan Africa (SSA) Credit Overview, Fitch Ratings expects average GDP growth for the 16 countries rated by the agency to rise above 5% in 2014, despite more…
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Africa
JLT buys Eluleka to boost South Africa benefits side to business
Jardine Lloyd Thompson Group (JLT) has bought Eluleka Consulting, a fast growing South African employee benefits (EB) and healthcare broker and consultant.