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Association News
Content, not price, needs to be focus: Kurth
The quality of the relationship between insurance managers and insurers and the struggle to resist commoditisation in the complex industrial insurance market was a key topic of debate during yesterday’s…
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Association News
Insurance industry can innovate if risks spotted early: Galvagni
Agostino Galvagni, CEO of Corporate Solutions at Swiss Re, defended the insurance industry’s performance on innovation in his speech at the DVS symposium yesterday and said there are concrete solutions…
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Association News
It takes two to tango-Comment
With the DVS inviting leading insurers to attend a roundtable this autumn to discuss ways to better achieve more innovative solutions to emerging risks, many discussions at the association’s 2011…
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CRE Insurance
London market bigger than thought but Europe is still only 17 per cent of total
The London company market is significantly larger than previously suggested by market statistics and bigger than many market commentators suspected according to an International Underwriting Association (IUA) report published this…
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CRE Insurance
Beware the ripple effect
Risk managers today face a growing array of emerging risks and must contend with the new key dynamic of an interconnected world where the consequences of risk ripples across the…
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CRE Insurance
Strategy for growth-Fred Kleiterp
Swiss Re restructured its leadership and through that adjusted its core business last October. It decided to focus on three key areas: Reinsurance, Corporate Solutions and Admin Re. Corporate Solutions…
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Association News
Brokers see no hardening but advise more retention and long-term deals
German corporate insurance managers will not suffer a general hardening in rates over the next six months so long as the US hurricane season is not too violent.
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CRE Insurance
Buyers still worried about limited capacity as Argentina launches new rules
Argentina’s much discussed new reinsurance market rules kicked in on September 1 with seven companies authorised to sell coverage in the country, according to the market supervisors.
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CRE Risk Management
Marsh follows client base with expansion into Africa
As part of its drive to make the most of the growth within Africa Marsh announced last week that it has reached an agreement with Alexander Forbes (AF) to buy…
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CRE Insurance
Rating agencies bullish about reinsurance sector prospects
Credit rating agency Moody’s yesterday changed its outlook on the global reinsurance sector to stable from negative in a move that it said reflected the ‘momentum for a hardening in…
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Association News
Still no hardening foreseen-Comment
Brokers and insurance managers in Germany and across Europe do not expect a dramatic hardening in terms and conditions over coming months and for the year-end reinsurance renewal as that…
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Association News
The time for straight talking
This year’s Deutscher Versicherungs-Schutzverband (DVS) symposium will again cover a broad range of key issues and give the German risk management and commercial insurance community the opportunity to meet and…
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Captives
Insurance sector still staring into unknown ten years on from 9/11
The Geneva Association yesterday published a major report on the lessons learned and continued implications of the 9/11 terrorist attacks on the United States 10 years ago.
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CRE Insurance
Policyholders and insurers being made to pay for economic crisis experts warn
Insurers, and ultimately policyholders, are being made to pay the price for the financial crisis and resultant state bailouts, according to experts at Swiss Re’s Nordic Risk & Insurance Summit…
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CRE Insurance
Insurers must avoid investment traps of Solvency II says Swiss Re’s Hess
Swiss Re’s Chief Economist, Thomas Hess, has warned that the insurance industry is in danger of being forced into investing in low-risk low-yield investments by Solvency II and in particular…
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CRE Insurance
Insurers recover from bad start to post solid H1
Profits reported by the non-life operations among Europe’s leading insurers were down in the first half of 2011 compared to the same period last year as the high frequency and…
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CRE Insurance
Reinsurer results look good news for buyers
The first half numbers for Europe’s leading reinsurers may not look so good but the second quarter suggested a more relaxed time for insurance and reinsurance buyers in coming months.
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CRE Insurance
Brokers’ Strong Q2 form in flat market
Decent second quarter numbers from the big brokers should help keep rates under control for corporate insurance buyers in the second half of 2011.
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CRE Insurance
Corporate round-up
Marsh to acquire key parts of sub-Saharan African broking business, Gras Savoye makes changes at the top, Willis develops nuclear power station exclusion zone product, Lockton prepares for Ferma Forum…
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CRE Insurance
Irene loss estimates up to $6bn
Modeling firms have estimated that the insured losses from US Hurricane Irene will be between $3bn and $6bn.