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Africa
Keeping a lid on it
Commercial Risk Africa’s Kapila Gohel met Martin Rossouw, Risk Services General Manager at Mediclinic International, the South Africa-based global healthcare group. One of the big risks faced is the management…
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Africa
The time is right
Mark Robins, Senior Vice President: Group Risk, at AngloGold Ashanti, the South African-based international gold mining group and member of the executive committee at IRMSA, believes that the time has…
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Africa
Governance code forces risk management action in corporate SA
The impact of the King committee corporate governance code [last updated by King III in 2009] for South African businesses cannot be overestimated. A good example of its impact is…
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Africa
Time to lose the gobbledygook
The Global Risk Frontiers survey asks risk managers how the discipline can be truly embedded within organisations to ensure that it plays an active role in decision making rather than…
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Africa
Risk leadership is critical
Leadership from the top is essential when attempting to tackle big corporate culture challenges and attempting to truly embed risk management through the organisation. The risk managers who took part…
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Africa
Added value is the key
Gillian Edworthy, Group Risk Officer of South African chemicals group AECI, believes that the best way to truly embed risk management in an organisation is to constantly show and deliver…
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Benelux
Battle over EU data protection rules delays introduction
Proposed amendments to the European Commission’s (EC) forthcoming Data Protection Regulation would place yet further obligations on business, experts have confirmed, but with a running battle between various sections of…
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Captives
Top risk manager says Solvency II is good for captives
A leading European risk manager said this week that Solvency II may be an administrative pain but it is actually good for captives because it inevitably demands a higher level…
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Asia
Multinationals on hook as mandatory environmental cover hits China
The purchase of environmental liability insurance is set to become mandatory for a number of industrial sectors in China as the government tries to cope with the consequences of more…
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CRE Insurance
Munich Re and Hannover post bumper results
Two of Europe's largest reinsurers have raised dividend payments after much improved profits in 2012. Fewer catastrophes and reserve releases helped increase profits at Munich Re and Hannover Re, but…
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CRE Risk Management
Ignore people risk at your peril – Schwager
Culture and poor communication are just the kind of risks that can easily be overlooked by risk managers as the risk agenda is relentlessly driven by external events. But risk…
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CRE Insurance
Atradius says German economy has lost momentum
According to Cologne and Amsterdam-based credit insurer Atradius, Germany's economy lost momentum in the last quarter of 2012 but is expected to produce GDP growth of 0.7% in 2013. After…
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CRE Insurance
Spanish insurers warn of paralysis due to Solvency II but remain upbeat
Leading Spanish insurers complained this week about the excessive regulation coming their way from the European Union, warning that in its current form Solvency II will be impossible to supervise…
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CRE Insurance
Demand surges by 41% for M&A cover
Demand for insurance cover to protect companies against the risks involved in mergers and acquisitions 'surged' globally by 41% in 2012 as firms approached such deals with increasing care in…
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Africa
Global strains arrive on African risk agendas
South African risk managers are grappling with just the same complex risks that are rooted in the fast-changing global economy as their peers in Europe and the profession is growing…
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CRE Insurance
Insurers to review claims advice as they strive to save costs–survey
As insurers look to manage costs in the face of difficult operating conditions, a third of claims staff said they will review the legal services they outsource over the next…
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CRE Insurance
Fitch predicts higher rates and growth in Turkey’s non-life sector
A report from credit ratings firm Fitch has forecast continued growth in the Turkish non-life insurance sector, citing government initiatives to increase insurance protection against natural catastrophes, a favourable domestic…
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CRE Insurance
Corporate round-up
Gard releases new container cover, Socrates Coudounaris to join IRM board as deputy chairman departs and Lockton appoints Business Development Manager for Manchester operations.
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CRE Insurance
Cyber security advances up the international agenda
The European Network and Information Security Agency (Enisa) has published the findings of the largest ever pan-European cyber security exercise. While the conclusion of the report may not be revelatory…
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CRE Risk Management
Ever expanding risk frontiers–comment
This issue of Commercial Risk Europe included the first part of our new Global Risk Frontiers survey that we are carrying out in the first half of this year through…