-
Europe
New lines of business for global programmes – Karen Gorman, JLT Specialty
Until fairly recently, admitted global programmes had been confined to property and liability classes, but as countries are becoming more sophisticated with their insurance laws, and becoming more litigious, times…
-
Association News
AMRAE fully behind European certification for risk managers
France's risk management association, AMRAE, firmly supports Ferma's project to introduce a European certification for risk managers, its CEO, Bénédicte Huot de Luze, told Commercial Risk Europe this week.
-
CRE Insurance
Taskforce calls for radical slashing of EU red tape to boost European competitiveness
The British Prime Minister David Cameron has backed proposals by his government's Business Taskforce that call for a radical cut back of European Union regulatory red tape to boost the…
-
CRE Risk Management
Greater diversity needed in risk sector finds survey
Although the overwhelming majority of risk management and insurance professionals interviewed in research by ACE believe diversity within their companies is both a key to success and on the increase,…
-
Africa
Westgate attack to increase sale of terrorism cover
Kenyan insurers expect the sale of terrorism insurance cover to increase in the medium term following the horrific Westgate shopping mall attack that killed over 65 people and injured more…
-
CRE Insurance
Austrian-broker Greco follows clients as it opens new business in Turkey
Austrian firm Greco has become the first broker from the German-speaking part of Europe to open a subsidiary in Turkey.
-
CRE Insurance
Piracy at lowest levels since 2006
According to International Maritime Bureau (IMB) figures piracy is at its lowest level since 2006, but the marine crime unit warns of continued violent attacks off the east and west…
-
CRE Insurance
Keep a close eye on broker remuneration and alternative capital-Ken MacDonald, Miller
Murky broker remuneration practices are back on the table and the influx of alternative capital into the reinsurance market will have a material impact on the primary space, according to…
-
CRE Insurance
Companies prioritising wrong supply chain risks warns expert
Companies tend to prioritise perceived supply chain weaknesses based on level of spend with a particular supplier rather than by those to which they are, in reality, most financially exposed,…
-
CRE Insurance
European insurers bounce back but challenges ahead say AM Best
European non-life insurers are benefiting from more stable economic conditions but many are still struggling to comes to terms with stagnant economic growth, according to a new report by AM…
-
Africa
Corporate round-up
AIG extends product recall offering, RFIB opens South African office, JLT acquires Taiwan broker ForVision Risk Services, Swiss Re expands in Asia with $425m investment in FWD and UIB name…
-
Africa
Westgate attack highlights need for right terror cover
Risk managers are being urged to check their terrorism cover in the wake of the attack on the Westgate shopping centre in Nairobi which killed more than 65 people and…
-
Africa
Tougher line urged from African insurers at AIO Forum
Insurers are being urged to take a tougher line with their insureds in the wake of the fire at Nairobi airport earlier this year.
-
Africa
Nigerian insurers reassure market on the extent of piracy threat
Nigerian insurers were calling on the marine market not to overplay the damage being done by pirates off the west coast of Africa and warned that talk of pirate attacks…
-
Africa
Business power is shifting towards emerging markets
Companies from emerging markets are likely to increase their share of Fortune 500 companies to around 45% as economies in these regions boom. This latest figure comes from data from…
-
Africa
News in brief
Asbestos claims settled, New broker office in South Africa, Help on way to reduce stowaways, Fitch affirms rating for Santam, Zurich to merge offices and Gold mine ahead of schedule.
-
Africa
Keep calm and carry on – comment
The tragic loss of life in Nairobi last month has brought home the vulnerabilities and difficulties for security forces anywhere in the world to stop a terrorist attack. Kenya has…
-
Africa
African cities prove safe but fear of crime high
When it comes to natural catastrophes African cities are relatively safe places for their citizens and businesses that operate in urban areas, according to a recent report by Swiss Re.
-
Africa
Terror attacks unmask other problems for Kenya
For Kenya, the Westgate terrorist attack could not have come at a worse time for business. It was only a month ago when the World Bank rated the country as…
-
Africa
Linking the chain – Volker Münch, AGCS
The ability to ensure steady supply of goods on time and to the right specifications will increasingly become the focus for buyers of African produce, according to Volker Münch, Global…