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CRE Risk Management
New guide published to help Spanish companies assess risk appetite
Internal auditors in Spain have published a guide to help companies better assess their risk appetite and align risk-taking capacity to their business goals.
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CRE Insurance
Corporate round-up
Aon acquires claims experts Dempsey Partners, ACE creates Turkish financial lines team and appoints manager, JLT Re appoints Charles Withers-Clarke to head Bermudian operation, JLT and AmTust extend solicitors PI…
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Association News
Ferma names new board members and prepares to elect new president
Ferma elected four board members at its general assembly last week. Jorge Luzzi and Julia Graham were re-elected following the end of their previous three year mandates with Anders Esbjörnsson…
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CRE Insurance
Building global networks a struggle, insurers concede
Risk managers looking for global transfer options may be concerned by a survey in which insurers admit that international expansion and building a global platform is a challenge. But insurance…
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CRE Insurance
Brussels backs away from mass tort in Europe
Europe's risk managers can breathe a collective sigh of relief because the European Commission has decided not to open the door to mass tort in Europe, according to Steptoe &…
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Association News
Ferma urges more risk focus in planned EU sustainability disclosure rules
Ferma has told the European Commission and Parliament that planned public disclosure rules governing companies' sustainability policies, risks and performance will not be effective unless they pay more attention to…
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CRE Insurance
EIOPA advice unlikely to heal old arguments with further SII delays expected
Experts have warned that recommendations published Friday by EIOPA on long-term guarantees are unlikely to resolve key issues stalling the implementation of Solvency II and may lead to yet further…
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Association News
Risk managers’ role expanding in France finds AMRAE survey
The risk management role is expanding in French companies and risk managers now work more closely with their CEOs, according to a survey released by AMRAE. The 2013 edition of…
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CRE Insurance
Insurers take cautious stance on Turkey
Political risk insurers have responded to ongoing protests in Turkey by holding back cover as they wait to see how events pan out.
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CRE Insurance
Berkshire formally enters US primary market – Europe next?
Berkshire Hathaway, the US-based insurance and reinsurance group, has formally announced the launch of Berkshire Hathaway Specialty Insurance, its recently formed commercial property casualty insurance group.
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CRE Insurance
Insurance industry must improve products and modernise contracts warns reinsurer
Insurers must improve their products to match the changing needs of customers and make insurance contracts more comprehensible, a prominent reinsurer demanded at a recent industry conference organised by Mapfre…
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CRE Insurance
Estimated insured losses from German flooding up to €5.8bn
The costs of the recent heavy flooding in Germany appear to be rising with AIR estimating insured losses of between €4bn and €5.8bn.
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CRE Insurance
Corporate round-up
Galloway named Regional Head of Liability at Allianz, AGCS appoints new Russia head, AIG improves airside liability offering from regional UK offices, James Cunnington joins Hardy as Head of Reinsurance…
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CRE Insurance
Don’t panic: Leading German judge advises on corporate investigations
German executives and risk managers should not panic when the public prosecutor knocks at the company's door to investigate. "The most important thing is to stay calm," Anton Winkler, Chief…
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Association News
AMRAE launches new website to meet member needs and lays out plans
France's risk management association has launched a new, revamped website with extra resources for members and the risk management community at large.
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CRE Insurance
Balva collapse highlights dangers of unrated insurers for UK law firms
The UK's Law Society is urging law firms to break the cycle of opting for unrated insurers following the news this week that Latvian insurer Balva has had its operating…
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Europe
Airmic’s global programme database on schedule
Airmic's planned database of international insurance requirements is on course, and the association expects to be able to announce the company that will provide the service in the autumn –…
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Europe
Compliance, corruption & bribery – A global issue
What constitutes a bribe? A watch? A car? Tickets to a football match? Or a suitcase full of cash? The potential minefield of compliance, corruption and bribery was tackled by…
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Europe
Embargo rules add uncertainty to international programmes
Embargo rules and the consequent sanction clauses created by the insurance market continue to create much confusion and uncertainty for multinationals with international programmes, experts said at a recent conference…
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Europe
Demand rising for D&O in emerging markets
Demand for directors' and officer's liability (D&O) insurance in emerging markets is increasing rapidly, and markets such as China, the Middle East and South Africa, are all seeing a growing…