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CRE Insurance
Buyers to escape rate increases from $5bn to $15bn Sandy
With initial insured loss estimates from 'Frankenstorm' Sandy ranging between $5bn and $15bn experts are forecasting that primary insurers will bear the brunt of the losses and that the event…
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CRE Insurance
Potential big BI and CBI losses are Sandy’s great unknown
Hurricane Sandy has the potential to cause significant business interruption and contingent business interruption losses, experts warned this week, adding that they remain the 'big unknown' as the risk transfer…
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CRE Risk Management
Germany drops motor deductible tax scheme to delight of risk managers
German risk managers are pleased that the plan by the German Ministry of Finance to impose insurance tax on deductibles for motor liability cover has finally been dropped. "We think…
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CRE Insurance
‘Tide’ of regulation top concern for insurers as further SII delays loom
European insurers are bemoaning the complexity of Solvency II and its ongoing delays, but there are plenty more controversial regulatory reforms waiting in the wings, according to speakers at the…
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CRE Insurance
Choosing correct corporate governance model ‘crucial’ for Europe warns ECIIA
Recently elected president of the European Confederation of Institutes of Internal Auditing (ECIIA), Marie-Hélène Laimay, has warned that Europe must choose the correct corporate governance model to ensure its future…
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Asia
Risk transfer industry steps up battle against Asian risks
The insurance industry this week stepped up its efforts to help identify, evaluate and mitigate risk in the growing Asian hubs with the launch of a database covering industrial parks…
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CRE Insurance
Corporate round-up
QBE appoints Davd Siesko as Claims Director in Europe, Stephen Wares announced as head of Marsh's EMEA cyber practice, Martin Owens joins Howden as Claims Director for FI and Casualty…
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CRE Insurance
Global financial market risk falls despite economic woes
The threat of, and concern over, global financial market risk dropped substantially in the third quarter of this year to levels witnessed before the financial crisis, according to data from…
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CRE Insurance
Gard’s 5% P&I premium increase for 2013 looks likely trend
The 5% general increase for cover in 2013 announced this week by P&I club Gard appears a likely trend following an identical statement in October by the Shipowners' Club.
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Association News
Loss prevention becomes key focus for Europe’s insurance managers as recession drags on
European risk and insurance managers are strengthening loss prevention activity, seeking to negotiate long-term agreements with insurers and are focused more than ever on the strength of their insurers because…
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Association News
Innovation remains big priority for insurance managers: Insurers challenged to respond
The need for more innovative solutions and effort from the insurance market in key areas such as supply chain, cyber, credit and brand reputation that has been expressed by risk…
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Association News
Ferma meets IRM and Ernst & Young to march on with certification project
Ferma committee members had meetings with Steve Fowler, CEO of the Institute of Risk Management (IRM) and executives from Ernst & Young early Tuesday evening to discuss the federation's ambitious…
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Association News
No big bang solutions to innovation but process must speed up say brokers
The insurance industry must focus on 'horizon scanning' rather than reactive product development in order to provide risk managers with innovative and specialist insurance solutions, according to a panel of…
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Association News
No conflict of interest between rating agencies and clients says insider
A leading rating agency executive has played down the potential conflict of interests that exist between the agencies and their rated clients, claiming regulators are on top of the issue.
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CRE Insurance
Demand for M&A cover rises 35% in one year finds Marsh
Global demand for transactional risk insurance to cover merger and acquisitions has risen by 35% in the last year, according to a new report by Marsh.
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CRE Insurance
UK financial services sector buckling under weight of new regulation finds survey
The UK financial services sector is struggling to cope with the raft of new regulations that it believes have not been properly thought out, according to a new survey. The…
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CRE Insurance
Corporate round-up
AGCS appoints new UK Head of Product Development for Financial Lines, Equinox Global launches top up trade credit solutions and Nexus purchases trade credit division from Novae.
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Ferma survey proves link between risk management and corporate performance
Mature and best practice risk management improves corporate performance, according to the findings of Ferma's 2012 Risk Management Benchmarking Survey. This link affords risk professionals a clear opportunity to expand…
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Association News
European risk managers agree time to raise risk education game – locally and globally
Interest is fast-rising in the concept of formal certification for risk managers across Europe and Ferma wants to ensure that the project is coordinated with similar developments in other parts…
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Association News
European risk management refuses to grow up – Ferma survey
Analysis of Ferma's latest benchmarking survey suggests there has been no significant improvement in the maturity of risk management practices at European companies over the last two years, according to…
