-
CRE Risk Management
Risk Frontiers – Germany, Part 2
From IT problems, limited capacity for risk transfer, claims management and innovations of limited use, leading German risk managers are not entirely happy with their insurers. In our annual Risk…
-
CRE Insurance
End of the day – Mathias Pahl, CEO Willis Germany
Commercial Risk Europe’s Friederike Krieger caught up with Mathias Pahl, CEO Willis Germany, as part of our Risk Frontiers survey. Below he gives the brokers’ view on some of the…
-
CRE Insurance
Widespread rate rises in Germany off the table despite heavy nat cats
German insurers have been hit hard by heavy flooding in large parts of Germany in June and severe hailstorms in the federal states of Baden-Württemberg and Lower-Saxony at the end…
-
CRE Insurance
Recent progress in German cyber market no panacea say buyers
German industrial insurance buyers have often accused insurers of failing to provide the necessary cover for cyber risk, but in recent weeks the market has seen some significant movement. However,…
-
CRE Risk Management
View from the top—Hans-Jürgen Allerdissen
Commercial Risk Europe reporter Patrick Hagen caught up with Hans-Jürgen Allerdissen, Chairman of the German risk managers’ association DVS and Chief Executive of insurance broker Deutsche Verkehrs-Assekuranz-GmbH, the captive broker…
-
CRE Risk Management
Broker calls for ERM credit
A leading insurance broker is calling on credit ratings agencies to give greater consideration for insurance purchased by large companies when rating their corporate debt. Such a move, which could…
-
CRE Insurance
Market remains soft heading into renewals
Insurance prices continue to rise in the US, but elsewhere rates continue to soften. As thoughts turn to the key January renewal period, insurance and reinsurance markets are proving to…
-
CRE Insurance
Insurers and brokers under fire for excess data demands and poor risk analysis
The allegedly fast-rising information demands of insurers as they attempt to grapple with complex risks such as non-damage business interruption and cyber will likely be a hot topic of debate…
-
CRE Insurance
AIG calls for directors to pay more attention to their D&O policies
Directors and officers (D&O) insurers have defended their product against industry criticism, insisting that directors must pay greater attention to the extent of their D&O coverage and the claims history…
-
CRE Insurance
Capacity overshadows reinsurance market: AM Best
Ahead of the Monte Carlo Reinsurance Rendez-Vous in just over one week’s time, AM Best has given the reinsurance industry a stable outlook. Yet, the ratings agency is increasingly worried…
-
CRE Insurance
FSB calls for US federal insurance supervision
Completing its review of US financial services regulation, the Financial Stability Board (FSB) has recommended that the US authorities move toward federal oversight of insurance, as opposed to the current…
-
CRE Risk Management
Self-reliance seen as key to coping with future risks: survey
A major survey by Swiss Re has found that people are well aware of the risks they may face in future, and are willing to take action to address them.
-
CRE Risk Management
Weaknesses in risk management remain despite growing board level involvement
Top management and the board are increasingly setting the direction and taking tighter control of risk management, integrating it with overall company strategy and embedding it deeper into corporate culture,…
-
Captives
Bermuda captive tally holds as SPI numbers grow rapidly
The Bermuda Monetary Authority (BMA) registered 47 new insurers in the seven month period ending July 2013, an 81% increase from the 26 insurers registered over the same period in…
-
CRE Insurance
First half insured catastrophe bill exceeds $20bn
Man-made and natural disasters cost a total of $56bn in the first half of 2013, of which insurers paid more than $20bn, according to a preliminary estimate from Swiss Re’s…
-
CRE Insurance
Patents show insurers are innovating: RPC
Over 400 international insurance-related patents were filed last year as insurers step-up innovation, according to UK law firm RPC.
-
Benelux
Corporate roundup
Aon launches Mexico flood model. Impact Forecasting, the catastrophe modelling unit of Aon Benfield, has launched a new flood model for Mexico.
-
CRE Insurance
European reinsurers’ profits hold up despite price softening and cat losses
Ahead of the key January reinsurance renewal negotiations, the big three European reinsurers have reported stable profits despite further price erosion and high second quarter catastrophe losses.
-
CRE Insurance
Companies failing to make most of cyber standard 27001–survey
Just 35% of senior executives and IT professionals say their organisation is compliant with ISO 27001, the international best practice standard that aims to help mitigate cyber risk, according to…
-
CRE Insurance
AIG lifts global D&O Side A Capacity to $100M
AIG this week announced that it will now offer up to $100m in limits for Side A Directors and Officers (D&O) liability insurance on a global basis.
