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Africa
Decisions, decisions – sector focus: captives
Forming a captive insurance company can save an organisation millions in premiums and give it total control over its insurance programme. But how do you know a captive is the…
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Africa
Tread lightly and think deeply – sector focus: energy
Jef Vincent, Chief Underwriting Officer at African Trade Insurance Agency, asks how to unlock opportunities in Africa’s energy sector.
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Africa
East African earthquake less of a risk then realised
Compared to some parts of the world, Africa is relatively safe from major natural catastrophes, however, that does not mean there is no risk at all. Liz Booth spoke to…
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Africa
Keeping business African
The role of insurance in facilitating economic growth should not be underestimated, particularly in the African continent where the opportunity for growth has never been greater. Speakers at the recent…
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Africa
MENA risk transfer market continues growth but challenges remain
A recent report on the MENA insurance and reinsurance market shows continued above average growth despite recent political tension in the region. Commercial Risk Africa Editorial Director Adrian Ladbury reports…
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Association News
Airmic set to deliver Axco-based global programme compliance solution in 2014
In partnership with Axco, the insurance information specialists, Airmic expects to deliver a solution for members struggling with compliance issues on global programmes by the middle of next year.
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Association News
AMRAE wins price reductions from French terror pool
The French risk management association AMRAE is celebrating a lobbying victory after the country's terrorism pool agreed to a change that will reduce the cost of mandatory terrorism reinsurance coverage.
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CRE Insurance
IAIS to develop first global insurance capital standard by 2016
The International Association of Insurance Supervisors (IAIS) yesterday committed to develop a global risk-based insurance capital standard (ICS) by 2016.
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CRE Insurance
EC’s proposed 2016 deadline for Solvency II gets mixed reception
The EC's newly proposed 1 January, 2016 start date for Solvency II has received a mixed reaction from market players with Insurance Europe warning insurers will face increased costs as…
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CRE Insurance
Fresh capacity and lack of cat losses softens US property market
Global broker Willis expects US commercial insurance buyers to enjoy even better market conditions in 2014 because of falling property rates and an easing of what it terms 'recent upward…
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CRE Insurance
SCOR suffers setback in fight against ‘virtual nat cat monopoly’ in France
France's largest reinsurer, SCOR, has suffered a setback in its fight to overturn the position held by Caisse Centrale de Réassurance (CCR) as its country's only state-backed reinsurer for natural…
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CRE Insurance
Europe’s insurers seek targeted overseas growth
Many of Europe's largest insurers are selectively targeting growth in emerging markets, according to AM Best. But this expansion comes with risks and challenges, warns the ratings agency.
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CRE Insurance
Shipowners to face average premium increases of 7.5% in 2014
Shipowners will face average premium increases of around 7.5% next year as P&I Clubs attempt to make up for declining investment income, according to a report by leading independent international…
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Asia
Corporate round-up
AGCS open Swedish branch, ACE announces key changes to European environmental team, Swiss Re Corporate Solutions sets up branch in Singapore, Faber Global hires Christine Drivas to boost European fac…
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CRE Insurance
European M&A activity bounces back in first half of 2013
A number of large deals saw mergers and acquisitions (M&A) among European financial services companies rise 90% in the first half of 2013, according to PricewaterhouseCoopers. The total announced value…
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CRE Insurance
Insurer confidence rises as UK economy shows signs of life
UK-based insurers are increasingly optimistic according to the latest quarterly survey from PricewaterhouseCoopers and UK trade body the Confederation of British Industry (CBI).
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CRE Insurance
Common and financial reporting biggest regulatory headaches for insurers and banks: Survey
Common Reporting (CoRep) and Financial Reporting (FinRep) top the list of regulations that financial services companies find most challenging, according to research released by financial data management provider, AutoRek.
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Association News
European risk manager certification gets go-ahead
Ferma’s member associations have given the federation approval to move ahead with its plans to certify European risk managers having been assured that they will play a major role in…
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Association News
Insurers fight back
A panel of high-level multinational insurers fought back against criticism that their industry is slow to innovate and not always willing to pay claims, during a panel debate at yesterday’s…
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Climate Change
Insurers urged to end muddle over environmental cover
A leading broker has urged insurers to stop ‘blurring the lines’ on environmental cover because it is causing confusion among risk managers over the type of insurance needed to fully…
