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CRE Insurance
Commission review of broker pay delayed
The review of the Insurance Mediation Directive [IMD] that could lead to a formal requirement about how insurance and reinsurance brokers disclose their remuneration and new rules to avoid conflicts…
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CRE Insurance
LIIBA announces deal with TMF on global programmes
The London and International Insurance Brokers’ Association [LIIBA] has teamed up with TMF VAT & IPT Services, a company that specialises in tax compliance services for the insurance industry, to…
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Benelux
Insurance-based incentives reduce workplace accidents
The implementation of economic incentives for companies, and especially the prospect of paying lower insurance premiums, provides an efficient way to reduce workplace accidents, a new report says.
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Climate Change
World’s top 3,000 companies caused over $2tn environmental damage in 2008
A new United Nations-backed study has estimated that the world’s top 3,000 companies by market capitalisation caused some $2.15tn of environmental damage in 2008, about one third of all damage…
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CRE Insurance
Mounting scrutiny on Italian motor insurers reveals concerns
The preliminary findings of the Italian antitrust authority's probe into motor-liability insurance in Italy suggest that the body may act to increase competition in the sector and potentially restrict motor…
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Benelux
Allianz launches cover for freezing Dutch workers
Allianz Risk Transfer, Galileo Weather Risk Management, the specialist energy and weather risk underwriting company, and Nephila Capital Ltd have teamed up to provide Frost Delay or Vorstverlet coverage to…
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Captives
Long-term risk planning key to success says top broker
European companies should take the longer view on risk and prepare now for a hard market, warns Gilbert Van den Eynde, Global Leader of Marsh’s G5, the division that serves…
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CRE Insurance
Initiative on global programmes with IAIS draws guarded reaction
The news that the European Captive Insurance and Reinsurance Owners’ Association [ECIROA] has joined the International Association of Insurance Supervisors [IAIS] to try and help push forward its planned initiative…
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CRE Insurance
German market grapples with emerging risk as Munich proposes $20bn oil spill liability scheme
The German risk and insurance management community have welcomed calls from their outgoing president Stefan Sigulla and Torsten Jeworrek, board member at Munich Re, for a new spirit of partnership…
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Benelux
Liability set to expand in Europe despite recent caution
Europe is moving ‘inexorably’ towards an increase in the breadth of legal liability and levels of compensation, along with a more uniform approach to liability, David Lewin, Managing Director, International…
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In search of transparency-Germany
The Risk Frontiers German roundtable, sponsored by XL Insurance, was held at the end of the recent DVS conference in Munich where the subject of transparency was high on the…
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CRE Risk Management
BPP to set up risk MSc in conjunction with IRM
Dr Chris Brady of the BPP Business School in the UK has joined the IRM board and is busy creating an MSc in risk management that he hopes will help…
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CRE Insurance
Steady as she goes-Philippe Rocard
Adrian Ladbury met Philippe Rocard, CEO of AXA Corporate Solutions, in the sunshine of this year’s Monte Carlo. Rendez-Vous to discuss latest developments within his company, the likely impact of…
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CRE Insurance
Partners in risk-Dr Jürgen Kurth
Partnership between risk ‘owners’, brokers and carriers, transparency and how to tackle emerging risks were the dominant themes at this year’s DVS Symposium in Munich as reported on page 3…
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Association News
Early QIS 5 feedback suggest captives still under pressure
Initial results from QIS 5, the crucial fifth Solvency II quantitative impact study, show that solvency capital requirements for captives will be very similar to the findings from QIS 4,…
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Association News
Den Dekker hopeful on broker transparency agreement
The long awaited agreement between FERMA and BIPAR, the federation of European broking associations, to deliver guidelines for transparency and disclosure in the commercial insurance market is almost ready, according…
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CRE Insurance
AIG maps out plan to return to open market
AIG, parent of leading industrial insurance group Chartis, announced yesterday that it has entered into an agreement-in-principle with the US Treasury, the Federal Reserve Bank of New York [FRBNY] and…
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Association News
FERMA demands industry solution for global programmes
FERMA has called upon the insurance industry to join their customers in a search for a single industry-wide solution to the increasingly troublesome problem of compliance in global programmes.
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Association News
FERMA survey confirms evolution not revolution in European risk management
European risk managers report a low level of awareness within their companies of the growing body of rules and regulations on risk management, despite the best efforts of groups such…
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CRE Insurance
FERMA study reveals concerns over Solvency II and emerging risks
European insurance buyers are comfortable with current pricing levels but do have concerns over the market hardening, the impact of Solvency II and the identification of and response from the…