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CRE Risk Management
Managing la fronde-France
This year’s Risk Frontiers French roundtable took place in Paris during a time of great drama as French workers and students took to the streets in protest at President Sarkozy’s…
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CRE Insurance
The transformer-Mike McGavick
Mike McGavick joined XL Group in 2008 as CEO as the group was reeling from direct hits incurred by its financial guarantee company during the credit crisis and many feared…
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CRE Insurance
A guide to change-Peter Skinner
Commercial insurance buyers are being listened to in the Solvency II debate and the powers that be do know what a captive is. But Peter Skinner, MEP in charge of…
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CRE Risk Management
Bribery Act will stifle UK firms abroad: IRM
Experts gathered at the Institute of Risk Management’s Risk Leaders’ Conference last month warned that the UK’s new Bribery Act will cause major problems for UK organisations that will now…
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CRE Insurance
Time to simplify Solvency II say regulators and insurers
Top European insurance officials have said that the time has come to simplify the Solvency II directive, in a quest to preserve competition in the insurance sector.
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Climate Change
CEA claims open market not ready for mandatory ELD cover
The CEA has responded to criticism of a 'negative' approach to mandatory financial security for the Environmental Liability Directive, and the search for alternative insurance solutions, from a leading environmental…
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German buyers say Solvency II may reduce reinsurance spend
Risk managers of leading German companies believe Solvency II may cause problems for reinsurers, as consolidation amongst primary companies will lead to reduced demand for reinsurance.
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CRE Insurance
Pressure on rates set to rise as insurer margins tighten predicts Swiss Re
Swiss Re's economists have warned that insurers’ profits will be under pressure, amidst weak investment returns, and that a correction of the unsustainable premium rates currently witnessed is long overdue.
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CRE Insurance
QIS 5 nat cat scenarios within range of current industry models-Guy Carp
QIS5 natural catastrophe scenarios are, on an aggregate level, roughly within range of current industry models, according to Guy Carpenter’s Solvency II Update.
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CRE Insurance
Cost of Solvency II compliance higher than expected, survey says
More than half, 57%, of European insurers expect the total cost of Solvency II compliance to be higher than they initially estimated, according to results of a survey by Accenture.
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CRE Insurance
Piracy shifts to Indian Ocean and east coast of Africa
The last three months has seen pirate activity shift from the Gulf of Aden to the Indian Ocean and along the east coast of Africa, according to anti-piracy and maritime…
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CRE Insurance
Defaults may rise again in 2012 as insurance industry remains in ‘nervous state’
European corporate default rates are expected to fall modestly during 2011, but may rise again from 2012 in the face of economic headwinds and refinancing challenges, according to Standard &…
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CRE Insurance
Reinsurers dodge bullet during very active hurricane season
Despite the 2010 Atlantic hurricane season being one of the most active on record no hurricanes made US landfall as the reinsurance industry avoided any tangible losses, rating agency Moody’s…
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CRE Insurance
US P&C insurer outlook stable for 2011 despite difficult market conditions-Fitch
Prospects for the US P&C market are unlikely to improve in 2011 as competitive fundamentals continue to promote inadequate pricing, according to Fitch Ratings in a new report.
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CRE Insurance
Insurance buyers still fear capacity crunch following Solvency II
Concern continues to build among Europe’s risk and insurance management community about the appetite that insurers will have for large industrial risk business once the true capital costs of Solvency…
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Captives
Expert claims captive costs could rise almost four times following Solvency II
A leading European captive manager has calculated that the average cost of capital for its captives under management will rise by as much as 3.7 times because of Solvency II,…
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Climate Change
Constructive criticism needed from CEA on ELD risks
The CEA has been criticised for its 'negative' approach to mandatory financial security for ELD liabilities and challenged to come up with constructive alternatives by leading environmental liability lawyer Professor…
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CRE Insurance
Database the answer for global programmes conundrum
A group of leading European experts on global programmes agreed last week at the Malta International Risk & Insurance Congress that the most practical way to tackle rising concerns about…
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CRE Insurance
Security chiefs focus on risks posed by emerging markets
Multinational companies will have to deal with an increasing volume of security risks as they look for growth in emerging markets, many of which suffer from political or social instability.…
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Captives
DIMA says Irish captives should escape sovereign fall out
DIMA, the representative body for the international re/insurance industry in Ireland, has welcomed confirmation from credit rating agency Standard & Poor’s that any action on Ireland’s sovereign rating as it…