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CRE Insurance
BaFin warns insurers not to delay preparations for SII
The German insurance supervisor has warned that insurers should not wait until 2016 to introduce new capital adequacy rules under the forthcoming EU Solvency II Directive.
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CRE Insurance
AIG names XL’s Seraina Maag as CEO of its EMEA region
AIG has poached XL's Seraina Maag to be President and Chief Executive Officer of its Europe, Middle East, and Africa (EMEA) region. She will take over the reins on 11…
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CRE Insurance
Willis reports Q3 loss as Aon profits rise
Willis Group has this week reported a third quarter loss after suffering a $60m debt restructuring charge, while rival broker Aon plc saw its profits jump.
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CRE Insurance
Corporate round-up
Aon launches UK index-based weather option, PwC adds crisis management expert to ranks and Marsh appoints Manuel López to drive new global bank surety desk.
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CRE Insurance
Communication and transparency are key for claims
Poor communication, the unnecessary involvement of lawyers and a lack of transparency are key reasons why claims go wrong, according to a survey of risk managers at some of the…
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CRE Insurance
European reinsurance prices under pressure
Many European buyers of reinsurance can expect to see lower prices at the January renewal according to a leading broker. But large reinsurers that met in Baden-Baden for the annual…
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CRE Insurance
Munich Re accepts defeat on offshore capacity effort
Munich Re, the world's largest reinsurer, has, after three years, failed in its endeavours to sell billion dollar insurance cover to oil companies for accident risks associated with deep-sea drilling…
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Association News
Brazil could have new solution for difficult to transfer risks
Participants at the 10th International Seminar on Risk Management and Insurance in São Paulo, Brazil this week were presented with examples of new insurance products that are arriving in Brazil…
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Association News
Political risk dominates agenda at ABGR seminar
An economic slowdown, a rise in protectionism and the country's government meddling with the economy have created new risks for companies that operate in Brazil, an audience of risk managers…
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CRE Risk Management
Risk industry and government combine to tackle major project cost
The Institute of Risk Management (IRM) and the Infrastructure Risk Group (IRG) this week launched a report that is designed to save billions of pounds on the future cost of…
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CRE Insurance
Infrastructure under threat from cyber attacks and regulation
Critical infrastructure in the US is under increased pressure to protect vital systems and assets from outside cyber threats as the number of attacks increase and stronger regulations are imposed,…
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CRE Insurance
Corporate round-up
IRM launches Switzerland regional group, ACE expands global programmes offering in Benelux, AIG appoints new UK Head of Commercial Property, Equinox Global adds 3 new syndicates to panel and boosts…
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Europe
How to deliver on a global promise
Philippe Gouraud, AIG's Head of Client Management Group, EMEA, tells International Programme News editor Tony Dowding about the value of a global network, new risks in global programmes and why…
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Asia
Asia Pacific region report: Aon Benfield
The Asia Pacific insurance markets have slowly recovered from the significant losses they incurred following the series of natural disasters that impacted the region in 2011, according to Aon Benfield's…
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Europe
Global marine and airline insurance trends – Swiss Re study
Swiss Re's latest sigma study 'Navigating recent developments in marine and airline insurance' highlights the increasing role of domestic and regional insurers.
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Europe
MIPs for SMEs – touching the tipping point
Businesses expanding overseas for the first time usually start by looking for a local insurance solution. But an underlying interest in centrally managed multinational insurance arrangements that provide leverage and…
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Europe
Social media fuels political risk in emerging markets
Recent economic stagnation in emerging markets has brought a new era of instability, increasing the political risk exposures for many companies – a risk that is often compounded by social…
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Europe
Moody’s forecasts premium growth in Gulf Cooperation Council
The Gulf Cooperation Council (GCC) insurance market has been one of the fastest growing regions for insurers, with average annual revenue growth of 16.8% over the past six years, and…
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Europe
News in brief
Shanghai Free Trade Zone opens, OECD report on Asia Pacific disaster risk financing, Brazilian insurance regulator issues report, Asian reinsurers raising new capital, says AM Best report, AIG Europe launches…
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Europe
Tax and regulatory news
IAIS to develop global insurance capital standard, Response to IAIS ICS proposals centres on timing, Solvency II delays hurt European insurers - Van Hulle, Costa Rican ruling on market opening,…