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CRE Insurance
Fitch upgrades SCOR to ‘A+’ with stable outlook
Fitch has upgraded SCOR's Long-term Issuer Default Ratings (IDRs) and Insurer Financial Strength (IFS) ratings to 'A'+ from 'A' with a stable outlook. The rating agency has simultaneously upgraded SCOR's…
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CRE Insurance
Draft EC rules to beef up data breaches would hit business, experts warn
A draft pan European cross-industry data privacy and protection regulation that plans to introduce a much more aggressive regime to police cyber data breaches would increase the liabilities and costs…
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CRE Risk Management
Gulf region needs risk management skills to help manage future growth
The Arabian Gulf region (GCC) needs a risk management ‘hub’ to serve the needs of the public and the rapidly growing private sector in the region, according to Bahrain-based consultant…
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CRE Insurance
BCI reports positive action on supply chains following earthquake lessons
Most firms that suffered supply chain disruption as a result of the 2011 earthquake disasters in Japan and New Zealand have made potentially significant changes in their approaches to supply…
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CRE Insurance
BSI seeks support for new corporate governance standard planned for 2013
BSI, the global standards organisation, announced this week that it will launch a new governance standard by early 2013.
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Association News
Ferma to launch sixth risk survey to help members compare and contrast
Ferma will launch its 2012 risk management benchmarking survey on 17 April and is urging its members and other risk professionals not to miss the opportunity to give their views…
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CRE Insurance
Spanish insurers opt for head in sand strategy as debt crisis deepens-Comment
Insurance companies in Spain operate today in a stagnated economy with little hope of growth in the foreseeable future. The dire state of Spain's finances and suspicions about the country's…
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CRE Insurance
Corporate round-up
Zurich appoints Anne Charon as CEO of French General Insurance business, Chartis appoints new Executive Director, Commercial Lines UK, XL strengthens Professional Lines team in Australia, Willis appoints Managing Director…
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Benelux
Credit insurer Atradius works at communication to avoid sectors past mistakes
Dutch-based commercial credit insurer Atradius says it has improved communications with clients in order to consult them much earlier if it decides to reduce limits, said Andreas Tesch, Chief Market…
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CRE Insurance
Industry may have to get used to increased nat cats-AM Best
Whilst the risk and insurance industry continues to be tested by more frequent and severe catastrophic weather events, AM Best has questioned whether this number of incidents will become the…
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CRE Insurance
Mexico is a bright spot in the Latin American landscape for insurance buyers
Protectionist pushes by Brazil and Argentina have given plenty of headaches to insurance buyers of late, but at least one major Latin American market has kept its doors open to…
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CRE Insurance
Trade credit market set for new hardening claim brokers, insurers
The trade credit insurance market in Europe could be about to enter a new hardening phase as insolvencies increase and trade slows amid concerns over bank lending.
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CRE Risk Management
Spreading the RM gospel-Comment
It is as clear as day that the corporate risk and insurance industry has an image problem and that is why it was good news to hear that Enrico Bertagna,…
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Association News
Airmic focus back on Reservation of Rights as concerns increase
Airmic is to revisit the issue of Reservation of Rights (RoR) following member disquiet on its use by insurers and a subsequent survey that found that over a third of…
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CRE Insurance
Inability to accurately value information holds back cyber insurance
Risk managers must do more to accurately articulate their cyber risk concerns to insurers if this evolving area of insurance is to properly develop, Mark Fishleigh, Head of Insurance at…
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CRE Risk Management
Sorting out dysfunctional boards is key to managing reputational risk
Reputational risk is moving up the corporate agenda, partly because of the numerous examples in recent years of major corporations that have faced crises resulting in damage to reputation or…
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CRE Risk Management
Risk consequence of power blackouts on the rise
Power blackouts are nothing new but they have been in the headlines because of the severe impact they can have on our daily lives, both in and out of the…
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Association News
Future perfect?
The inexorable rise of risk management up the corporate agenda in recent times, fuelled by the credit crisis and subsequent economic and financial downturn, has clearly presented European risk managers…
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Association News
Insurers: Get your thinking caps on
It will come as little surprise to CRE readers that the key discussion point during AMRAE in relation to insurance was not a rapidly hardening market but how to tackle…
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CRE Insurance
Renewals bun fight delayed another year as European reinsurers report respectable 2011
The big European reinsurers had reported a mixture of year-end results and renewals statements by the time this issue of Commercial Risk Europe was put to bed and so a…
