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CRE Insurance
CEIOPS claims ‘clear evidence’ of improved supervisory cooperation
The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has published its 2010 Report on the Functioning of Colleges (groups of insurance supervisors) that it claims provides ‘clear evidence’…
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Marsh concludes HSBC broker acquisition to add £130m in revenue
Global broker Marsh has completed its acquisition of HSBC Insurance Brokers Limited (HIBL), the wholly-owned subsidiary of HSBC Bank plc.
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CRE Insurance
Buyers and insurers unite against ‘extreme conservatism’ of CEIOPS Solvency II plans
[LONDON]—Pressure is fast building on the European Commission from insurance company and buyer representative groups to water down the advice given to it on Solvency II or risk forcing the…
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CRE Insurance
EC launches a new block exemption to cool reception
The European Commission has adopted a new Block Exemption Regulation (BER) for the insurance industry that comes into force on April 1 and only includes two of the previous four…
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CRE Risk Management
France’s plans to prevent technological risks are delayed
The implementation of mandatory plans to prevent the rise of technological risks in industrial sites in France is running later than expected, according to the French government.
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CRE Insurance
Chartis is a leading player but government-backed status bites-Comment
Employees of Chartis, AIG’s non-life operation, are of course sick to the back teeth of reading about their company in every newspaper and magazine they dare to open.
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CRE Insurance
Rival insurers turn on U.S. government as it ‘refuels’ AIG’s reserve
AIG’s recently announced asset sales and big reserve addition for Chartis sparked vigorous debate about the fairness of continued state backing for the company at the World Insurance Forum in…
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CRE Insurance
ECJ confirms onus on polluter to prove not liable in first ELD ruling
Italian petrochemical case clarifies polluters’ responsibility as EC mandatory insurance system unlikely for now.
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Association News
Risk management blossoming in Turkey
ERMA, the Turkish risk management association, was only founded last April but already the group has many of the country’s top companies as members, and ambitious plans to develop the…
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CRE Risk Management
Risk Governance Deficits report identifies ‘weak spots’ for corporates
Tony Dowding discusses the latest report from the International Risk Governance Council that provides a tool to assess, evaluate and manage private and public sector risk.
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CRE Insurance
Insurers call on regulators to recognise minimal systemic threat
A new Geneva Association report has added further evidence to support calls for the differential treatment between insurers and banks. Garry Booth reports.
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CRE Insurance
Landscape of risk is rapidly changing as energy sector searches further and deeper
The international oil and gas industry remains confident that it has a long and profitable future despite warnings from some quarters that reserves are rapidly dwindling and the best efforts…
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CRE Insurance
Access to oil remains number one worry for energy managers
The availability of oil and gas resources is the number one risk to the oil industry according to a poll of delegates carried out at Marsh’s National Oil Companies conference…
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CRE Insurance
Insurance market up for the challenge—at a price
Insurers and reinsurers are constantly criticised by insurance buyers for failing to meet new risks presented by rapid technological change. The energy sector is a good example as it undergoes…
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CRE Insurance
Steady as she goes-Axel Theis
Axel Theis, CEO of Allianz Global Corporate & Specialty, has managed a remarkable turnaround in the German group’s large corporate risk operation since his appointment in 2006, and last year…
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CRE Risk Management
Banks and corporates urged to learn same lessons from crisis
Tendency among risk managers in financial firms and corporates to think and talk differently about operational risk does not help, warn experts.
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Benelux
RIMS ‘pleased’ with Marsh announcement on contingents as debate builds in Europe
RIMS, the U.S. risk management association, has announced that it is ‘pleased’ that broker Marsh has decided not to accept contingent commissions for its core broking business in the U.S.
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Captives
Solvency II will kill soft market and slam captives warn carriers
Swiss insurance buyers agree with colleagues around Europe that pricing conditions for their core lines will remain stable for the foreseeable future as competition between insurers remains at a high…
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CRE Insurance
International academics push for outright ban on asbestos…again
The Collegium Ramazzini, an international academic society that specialises in occupational and environmental medicine, has issued a renewed call for a worldwide ban on asbestos.
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CRE Insurance
European Commissioners force pace on REACH requirements
European Commission Vice President Antonio Tajani, Commissioner for Industry and Entrepreneurship, and Janez Potočnik, Commissioner for Environment, last week urged business in the European Union to wake up to the…