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Association News
Crisis boosts interest in training among U.K. risk managers
Ahead of this month’s AIRMIC conference, Ben Norris talked to CEO John Hurrell about the U.K. risk management association’s latest educational initiatives and the rising popularity of its training.
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CRE Insurance
Ready and willing
Malta has been hit by the international financial and economic crisis just as any other country has. But, Joe Bannister, chairman of the Maltese Financial Services Authority, told Adrian Ladbury…
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CRE Insurance
Bermuda market report
To reflect the rising importance of the Bermuda market to European industrial insurance buyers Commercial Risk Europe attended the World Insurance Forum conference in Bermuda earlier this year and interviewed…
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CRE Insurance
Spanish risk and insurance managers warned about rising red tape
Solvency II represents only the ‘tip of the iceberg’ in terms of challenges that insurers and their customers face in Spain, Mirenchu del Valle, the Secretary-General at UNESPA, Spain's association…
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CRE Insurance
IRM welcomes sharper focus on risk in revised U.K. Code
The Institute of Risk Management (IRM) has welcomed the sharper focus on the ‘proper management of risk’ included in the revised U.K. Corporate Governance Code, which was published on May…
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CRE Insurance
Big sister likely to erupt in short term
Experts at the UCL Institute for Risk and Disaster (IRDR) have said that there is a ‘strong possibility’ that the Icelandic volcano Katla, the larger neighbour of Eyjafjallajökull that has…
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CRE Risk Management
Risk managers told to brace for busy hurricane season
The U.S. National Oceanic and Atmospheric Administration (NOAA) has added to the rising volume of forecasts of a particularly busy Atlantic hurricane season as it predicts an ‘active to extremely…
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CRE Insurance
HDI-Gerling U.K. unveils new structure for big clients
HDI-Gerling Industrial Insurance Company U.K. has announced the formation of two new business divisions together with the creation of a new regional structure ahead of AIRMIC’s conference, which will be…
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Captives
Fiscal and regulatory pressure builds on captive owners
Captive owners in the U.K. face a probable effort by the new government to raise insurance premium tax according to an expert who participated in the latest AIRMIC live debate.
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Climate Change
As environmental liabilities grow regulators look set to get busy
As environmental regulations and liabilities continue to grow in the U.K., beefed up by the implementation of the Environmental Liability Directive (ELD), authorities are set to increasingly use the new…
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Climate Change
Industrial Emissions Directive needs to be more flexible says Cefic
The European Chemical Industry Council (Cefic) supports the objective of the draft Industrial Emissions Directive (IED) but it believes that it would be more effective in ensuring sustainable environmental protection…
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CRE Insurance
Atlantic hurricane season predicted to be well above the norm
Every indicator points to Atlantic hurricane activity in 2010 being well above the norm with Atlantic basin and U.S. landfalling hurricane activity predicted to be 55% above the long-term norm,…
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Risk intelligence on the wane as ‘Jekyll and Hyde’ approach to health & safety grows
The British public seems to have lost its way when it comes to ‘risk intelligence’ according to John Holden, President of the Institution of Occupational Health (IOSH), the chartered body…
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CRE Insurance
Allied World launch new SME product as corporate world revolves
Allied World Assurance Company, the Bermuda-based insurance company, has announced that its European operation Allied World Europe has launched a new product suite for small-to-medium enterprises called SME360SM.
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CRE Insurance
Bruton to head IFSC as Ireland maps financial recovery
Ireland’s international financial services industry last week announced its intention to create the role of Chairman of IFSC Ireland, the new body created to promote the sector. Former Taoiseach and…
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Association News
AIRMIC prepares to tackle ‘unfair’ disclosure rules with market
AIRMIC has opened talks with the insurance market to address concerns that the current law that governs disclosure in the U.K.’s commercial insurance market is ‘unfair’ on buyers.
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CRE Insurance
Standalone D&O best option for German board members
A new law soon to be introduced in Germany has forced board members to look again at their directors’ & officers’ (D&O) insurance cover, and standalone D&O coverage appears to…
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CRE Insurance
Rates must harden or margins will suffer, warn top insurers
The insurance industry weathered the recent financial and economic storm better than most and has posted another set of healthy quarterly results. But insurance industry leaders at a recent JLT…
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CRE Insurance
Brokers confirm oil pollution capacity to shrink following disaster
Brokers have told a group of U.S. Senators that oil pollution capacity is likely to fall by about 15% following the BP operated Deepwater rig disaster in the Gulf of…
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CRE Risk Management
Swiss Re says risk manager should be last line of defence
Insurance risk managers should be used as an independent line of defence to help ensure that the risk-reward balance is fully evaluated and that all risks are sufficiently understood by…