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Benelux
The broker’s view, Niek Post, Willis – Netherlands
Niek Post, Chief Executive Officer at Willis BV, tackles some of the key issues facing Dutch risk managers.
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CRE Insurance
Political risk – Risk horizons expand as world shrinks
Big risks remain in Egypt on transfer of power, European food groups enact ‘textbook’ reputational risk response to Chinese government probe, Taxation tops global business leaders’ risk list says Lloyd’s,…
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CRE Risk Management
Prysmatic – Alessandro De Felice, Prysmian Group
Alessandro De Felice is Chief Risk Officer at Prysmian Group, the Milan-based maker of high-technology cables and systems for energy and telecommunications companies. He also serves as Vice President of…
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CRE Risk Management
Tech Talk – Maurizio Micale, STMicroelectronics
Maurizio Micale is Corporate ERM and Insurance Management Director for Geneva-based STMicroelectronics, a manufacturer of semiconductors with 12 manufacturing sites and sales offices around the world. As part of our…
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CRE Insurance
Ferma warns EU off mandatory cat schemes
Ferma is against compulsory European catastrophe insurance schemes and has written to the EU to discourage it from pursuing such options.
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CRE Risk Management
UK announces plans to boost directors’ liability
Risk managers will take note that the UK government this week proposed new measures to make directors more accountable for misconduct and company failures. The proposals, announced by Vince Cable,…
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CRE Insurance
Stricter EU data protection rules appear a step closer as top politicians wade in
The EU's justice commissioner has thrown her weight behind calls from German chancellor Angela Merkel for tougher EU data protection laws and a swift agreement on planned rule changes.
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CRE Insurance
Cyber market hots up as AGCS and Zurich launch new coverages
In the wake of Edward Snowden's revelations over NSA data-collecting activities, the German cyber insurance market has seen the introduction of two new products. Last week both Allianz Global Corporate…
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CRE Insurance
Greenberg sues Spitzer as long-running feud rumbles on
Maurice 'Hank' Greenberg has sued past New York Governor Eliot Spitzer for defamatory statements that he alleges form part of a campaign to disgrace the former AIG CEO.
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CRE Insurance
Top European insurers post 5% growth in 2012 despite downturn
The ten largest European insurance groups in the non-life sector increased their revenues by 4.9%, to over €206.4bn in 2012, according to the annual analysis carried out by Spanish insurance…
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CRE Insurance
Risk managers must consider eurozone breakup when structuring insurance say experts
Risk managers should consider the implications of a eurozone breakup when structuring their insurance programmes, according to speakers at an AIG event in London this week.
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CRE Insurance
Total Cost of Risk jumps 5% in 2012 finds survey
The average Total Cost of Risk (TCOR) climbed 5% in 2012 predominantly driven by firming rates, according to the 2013 Rims Benchmark Survey.
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CRE Risk Management
Risk Doctor: A decade of progress but risk managers can do better
David Hillson, whose risk management consulting firm, The Risk Doctor, celebrated its 10th birthday this week, marked the event with a review of the big changes in the profession since…
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CRE Insurance
US loss reserves ‘adequate’ but additions increasingly likely-KBW
The US P&C industry's loss reserves for accident years 2003 to 2012 are 'adequate' as of year-end 2012, according to specialist insurance investment firm Keefe Bruyette Woods (KBW), which recently…
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CRE Insurance
Corporate round-up
Argo International appoints Mike Jackson as Head of Compliance, DAC Beachcroft appoints corporate insurance specialist, Beazley opens Miami office to drive Latin American reinsurance business, Bluefin names Tim Philip as…
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CRE Insurance
AGCS and Marsh reach agreement to speed up large claims payment
Allianz Global Corporate & Specialty (AGCS) and Marsh have launched their AGCS/Marsh Major Claim Promise that commits to provide rapid access to working funds for joint clients in the event…
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CRE Insurance
S&P lowers Generali and Allianz SpA ratings on back of Italy downgrade
S&P has lowered its financial strength rating of Generali and Allianz' Italian operation primarily on the back of its decision last week to downgrade Italy's sovereign credit rating.
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CRE Insurance
Most port accidents avoidable finds TT Club research
Research from TT Club shows that the majority of port accidents result from operational error and are therefore avoidable through better risk management practice.
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CRE Insurance
NSA scandal set to spark developments in cyber cover says leading broker
The scandal involving the US National Security Agency (NSA) will likely spark a change in cyber policies to cover loss of profits resulting from industrial espionage, according to Marc Heitmann,…
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Aviation
AIG lead hull insurer on $130m policy claim reports
AIG is the lead hull insurer of the Asiana Airlines plane that crash landed at San Francisco International airport on Saturday, according to media reports. South Korea's Financial Supervisory Service…