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CRE Insurance
Enhanced regulation of nine named GSIIs receives cool reception
A number of insurance associations in the US and Europe have reacted negatively to plans to regulate nine 'globally systemically important insurers' (GSIIs), branding the move premature and inappropriate.
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CRE Risk Management
Directors and risk managers need to sharpen up D&O response as claims spiral
Directors of European companies have over recent years suffered a sharp increase in claims made against them, according to analysis carried out by leading European D&O underwriter AIG.
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CRE Insurance
Concerns raised over Lloyd’s tracker arrangements
The wider implications of tracker type underwriting deals for the London market are still proving hard to digest, weeks after Aon’s controversial sidecar deal with Berkshire Hathaway was announced. Willis…
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CRE Risk Management
North-south EMEA divide over value and protection of reputation
Southern European and MENA companies place more value on their reputation than competitors in northern Europe and Benelux countries but are less confident in their ability to protect this key…
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CRE Insurance
Majority of UK companies failing to manage BYOD and cloud computing risk
A vast number of UK companies are putting critical corporate data at risk by failing to properly protect information on employee Bring Your Own Devices (BYOD) and public cloud-based file…
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CRE Insurance
Corporate round-up
Lockton launches new policy to cover 'uninsurable risks', Jane Barker succeeds Middleton as Chairman of Marsh Ltd, AIG names Beelders head of Multinational Network Partner Practice, Beazley appoints Lum as…
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CRE Insurance
SII, FACTA and Prips top EMEA insurers’ regulatory concerns
Preparing for Solvency II is the biggest regulatory concern for EMEA insurers, followed by compliance with the US' Foreign Account Tax Compliance Act (FATCA) and keeping pace with evolving EU…
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Climate Change
Failure to account for climate change placing infrastructure projects at risk–Marsh
Marsh has warned that global infrastructure projects are at risk because many investors are failing to consider the impact of climate change.
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CRE Insurance
Renewable energy sector could triple insurance spend by 2020 – report
To take advantage of growing opportunities the renewable energy sector must develop its risk management strategies that could see annual insurance spend triple by 2020, says a new report by…
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Africa
Kenyans on brink of formal risk management association
Kenya could soon have a new risk management association to drive the profession forward as risk professionals say they are just a few steps away from having the first such…
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Regulators need teeth to help African markets develop
Making sure insurance and reinsurance stays at the top of government priorities will be key if African insurance businesses are to grow and make the most of their potential.
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Africa
Kenyan fraud examiners association set to expand anti-corruption training
The Kenyan Chapter of the Association of Certified Fraud Examiners is looking to expand its operations to train more fraud examiners in a bid to fight back against fraud in…
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Africa
Role of China challenges US and European firms investing in Africa
Chinese investment across Africa is challenging European and US firms to step up their game in a bid to compete and maintain contracts across the region. However, the arrival of…
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Africa
Reputational risk growing threat to business in the region
Reputational risk should not be underestimated according to one insurer, as it climbs to third position in the list of business risks identified by business leaders.
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Africa
Time to seize opportunity? – comment
This is Africa’s time. A sweeping statement, true, but it is one that is being repeated with increasing regularity across the continent.
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Africa
Major progress realised on curbing west African piracy
Twenty-two west and central African states have agreed a Code of Conduct designed to end piracy in west African waters. The code was adopted at an international symposium on security…
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Africa
Function of ERM in organisations questioned by UK risk managers
Risk managers have acknowledged that enterprise risk management (ERM) is not necessarily a vehicle with which to change organisational behaviour.
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Africa
Risk managers face growing challenges in Mozambique
Corruption and poor infrastructure are two of the challenges facing new business ventures in Mozambique, according to a new report from Maplecroft, which has issued additional security warnings in July…
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Africa
Paradigm shift – sector focus, captives
Data on the number of African captive insurers [self-insurance vehicles] is patchy at best, with few of the major domiciles keeping statistics on captive ownership by country of origin. However,…
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Africa
All that glistens is not gold…but could be copper – Zambia
Copper leads the way in Zambia with new mines coming on stream but operations are not without risk. Liz Booth provides a snapshot on Zambia.