-
CRE Insurance
Stability in Nordic region as high capacity cancels out losses
The Nordic region suffered rising losses last year as both bad weather and a series of industrial fire losses hit local insurers’ numbers. But reinsurance capacity remains plentiful and even…
-
Benelux
Benelux remains a buyer’s market
Aon Benfield reported that the Dutch primary market, especially on the commercial and industrial property side, ‘continues to soften’ with renewals receiving 10% reductions, and even as high as 40%…
-
CRE Insurance
No major losses at last and buyers reap rewards
The Austrian insurance market has suffered some big losses in recent times and 2010 finally provided the market with some blessed relief as nothing major occurred.
-
CRE Insurance
Central/Eastern Europe: Big growth market but high losses in 2010
Reinsurance broker Guy Carpenter reported that reinsurance rates in the Central and Eastern European (CEE) region were driven by loss history for carriers, and so made it difficult to generalise…
-
CRE Insurance
Iberian primary market still softening and reinsurance capacity abundant
Despite a tough period for both the Spanish and Portuguese economies and plenty of losses in the Latin American market to which both remain closely linked, the Iberian primary market…
-
CRE Risk Management
Shell-shocked world lacks capacity to deal with global risks—WEF
[Davos]—The world is currently not fit to face new and major shocks because the amplified frequency and severity of risks to global stability have not been met with equal progress…
-
CRE Risk Management
WEF asks insurance industry for more solutions
Robert Greenhill, Managing Director and Chief Business Officer of the World Economic Forum (WEF) has called on the insurance industry to help the world meet the demand for solutions to…
-
CRE Risk Management
Risk industry can alleviate demographic pressure on budgets, say experts
Changes in demographics will put real pressure on governments’ fiscal balances by potentially increasing unfunded liabilities and will demand a predicted 70% increase in food production by 2050, experts say.…
-
CRE Insurance
The specifics
The IASB singled out a number of key areas within the proposed accounting standards that need ‘re-deliberation’ in combination with the FASB over the coming months. These are the most…
-
CRE Insurance
In the eye of the beholder– Jerry de St. Paer
Solvency II is not the only new set of rules that will fundamentally change the way the insurance industry operates over the next couple of years. The international accounting profession…
-
CRE Insurance
Not the time to drop the ball–Lex Baugh
For Chartis 2010 was a year of reconstruction and renewal as it sought to forge its own identity and prove to customers that the problems of parent company AIG would…
-
CRE Insurance
Brazilian law postponement brings global programme issues to the fore
The implementation of a proposed Brazilian insurance law, resolution 224, that many observers believe will drive up the cost of insurance cover for risks in the country will be delayed…
-
Benelux
BP-Rosneft deal shows improved political risk in Russia, say risk experts
Political risk in Russia is much lower now that the government has set rules that limit foreign participation in strategic industries, such as energy, to junior partner status, according to…
-
CRE Insurance
Mining premium may be lost if Queensland losses are disputed
With losses from the Queensland floods complicated by the number of weather related events deemed to have contributed to the disaster, Bowring Marsh’s head of global mining has called on…
-
CRE Insurance
Expanding D&O terms could backfire on managers
The trend in the German D&O market to grant additional benefits to insured corporate executives may well backfire, claimed experts at a liability conference in Hamburg organised by EuroForum.
-
CRE Insurance
Market upbeat on AIG’s latest step to recovery
AIG’s expected sell-down of the US governments stake in its business was met with approval from Moody’s rating services who have announced that such a move would be a credit…
-
Captives
Guernsey says it has no plans to seek equivalence under Solvency II
Authorities in Guernsey have announced that they have no plans to seek equivalence under Solvency II.
-
CRE Insurance
Risk managers struggle to value intangible assets as insurance found wanting
Risk managers who attended a recent JLT Emerging Risks Seminar for the communications, technology and media sector said that they have real trouble in putting values on intangible assets and…
-
CRE Insurance
Claims focus needed to address buyers’ concerns and drive growth—report
Insurance companies must re-focus on operational efficiencies and business agility in the face of falling investment incomes and changes to customer preferences, according to a Capgemini and European Financial Marketing…
-
CRE Insurance
EC to put back Solvency II start date and adopt transitional measures
The European Commission yesterday put forward legislative amendments to extend Solvency II’s implementation date by two months and enable the Commission to specify transitional measures in certain areas if it…