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CRE Insurance
Berkshire formally enters US primary market – Europe next?
Berkshire Hathaway, the US-based insurance and reinsurance group, has formally announced the launch of Berkshire Hathaway Specialty Insurance, its recently formed commercial property casualty insurance group.
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CRE Insurance
Insurance industry must improve products and modernise contracts warns reinsurer
Insurers must improve their products to match the changing needs of customers and make insurance contracts more comprehensible, a prominent reinsurer demanded at a recent industry conference organised by Mapfre…
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CRE Insurance
Estimated insured losses from German flooding up to €5.8bn
The costs of the recent heavy flooding in Germany appear to be rising with AIR estimating insured losses of between €4bn and €5.8bn.
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CRE Insurance
Corporate round-up
Galloway named Regional Head of Liability at Allianz, AGCS appoints new Russia head, AIG improves airside liability offering from regional UK offices, James Cunnington joins Hardy as Head of Reinsurance…
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CRE Insurance
Don’t panic: Leading German judge advises on corporate investigations
German executives and risk managers should not panic when the public prosecutor knocks at the company's door to investigate. "The most important thing is to stay calm," Anton Winkler, Chief…
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Association News
AMRAE launches new website to meet member needs and lays out plans
France's risk management association has launched a new, revamped website with extra resources for members and the risk management community at large.
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CRE Insurance
Balva collapse highlights dangers of unrated insurers for UK law firms
The UK's Law Society is urging law firms to break the cycle of opting for unrated insurers following the news this week that Latvian insurer Balva has had its operating…
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Europe
Airmic’s global programme database on schedule
Airmic's planned database of international insurance requirements is on course, and the association expects to be able to announce the company that will provide the service in the autumn –…
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Europe
Compliance, corruption & bribery – A global issue
What constitutes a bribe? A watch? A car? Tickets to a football match? Or a suitcase full of cash? The potential minefield of compliance, corruption and bribery was tackled by…
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Europe
Embargo rules add uncertainty to international programmes
Embargo rules and the consequent sanction clauses created by the insurance market continue to create much confusion and uncertainty for multinationals with international programmes, experts said at a recent conference…
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Europe
Demand rising for D&O in emerging markets
Demand for directors' and officer's liability (D&O) insurance in emerging markets is increasing rapidly, and markets such as China, the Middle East and South Africa, are all seeing a growing…
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Europe
Concern over Canadian tax liability
A worrying tax situation for some insurers in Canada could potentially turn into a problem for Canadian companies with captives, depending on how the courts and the Canada Revenue Agency…
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Europe
Regulations: if you’re not at the table, you’re on the menu
Proposed and pending regulations present challenges as well as opportunities for US insurers, according to panelists at Standard & Poor's 29th Annual Insurance Conference.
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Europe
Editors comment – Compliance database: on track?
So Airmic's global insurance compliance database is on schedule for a launch at the end of 2014. This is good news of course. It is perhaps no surprise that the…
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Europe
News in brief
S&P: 'subdued' pressure on rating of global multiline insurers, Lloyd's in agreement with Colombian Insurance Association, Marsh reports deterioration in European credit risks, US property/casualty industry results improve, Miller launches…
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Europe
Tax and regulatory news
Ferma warns EC over subscription market restrictions, EIOPA chairman calls for enhanced role and new fees, Insurance Europe attacks US reinsurance tax proposals, Tax and regulatory changes in Europe, Changes…
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Europe
Captive news
Texas becomes latest captive domicile, Tennessee introduces new protected cell captive legislation, Cayman Islands to commit to OECD tax convention and Isle of Man to join OECD tax convention.
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Europe
Australia market report – Weathered the storm
The Australian insurance market is well developed, competitive and well regulated. The recent (November 2012) International Monetary Fund report, Insurance Core Principles - Detailed Assessment of Observance, concluded that the…
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CRE Risk Management
Information is king – comment
The interviews and roundtables with risk managers carried out by the Commercial Risk Europe team in recent months have all stressed one key point: information is king in risk management…
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Association News
Polrisk ups the ante
Poland’s risk managers’ association Polrisk is working on major changes to the organisation as it attempts to up its game and develop risk management in the country, board members told…
