-
CRE Risk Management
Don’t ignore the soft stuff
Most attention on Solvency II so far has focused upon the capital requirements. But Jonathan Groves argues that risk managers ignore the so-called softer corporate governance requirements of the Directive…
-
CRE Risk Management
Work in progress
Ben Norris met Kevin W. Knight, Chair of the International Organization for Standardization (ISO) working group that developed the ISO 31000 risk management standard, while at his recent educational seminar…
-
CRE Insurance
CEA questions EC proposals on insurance guarantee schemes
The European Commission this week announced a package of measures to enhance protection of insurance policyholders and beneficiaries but the CEA, the European insurance and reinsurance federation, said that it…
-
CRE Insurance
Supervisors still far from ready for Solvency II–CEIOPS
Work underway within national insurance supervisors to prepare for Solvency II, Europe’s planned new capital adequacy regime, is very much a work in progress and there is still some way…
-
CRE Insurance
Supreme court decision shields European companies
A decision by the U.S. Supreme Court to forbid foreign investors to claim for compensation under American law in cases involving shares purchased outside the United States will void the…
-
CRE Insurance
Lloyd’s earns thumbs up from survey
Insurance brokers are significantly more positive about conducting business at Lloyd’s of London than two years ago, according to the Gracechurch London Market Study 2010, an independent annual study by…
-
CRE’s holiday plans and summer publishing schedule
The Commercial Risk Europe team will take a well-earned break in late July and early August.
-
CRE Risk Management
French risk managers take centre stage
New regulations and the aftershocks of the global economic crisis have forced French risk managers to play a bigger role in their companies. As a result, they must be prepared…
-
CRE Risk Management
Risk gospel must spread out as well as up–AMRAE
French risk managers may have gained the ear of top management in recent times because of the financial and economic crisis. But they must still work hard to spread the…
-
Captives
Battle lines drawn for Solvency II as QIS5 published
CEIOPS has issued the technical specifications for QIS5, its final field test for Solvency II if all goes to plan, and will provide the European Commission with the report in…
-
CRE Insurance
Vigilance needed to meet terrorism threat
The last few years have seen a relative dearth of terrorist attacks in the developed world–but the threat of a terrorist attack remains a considerable risk. At the same time,…
-
CRE Insurance
Non-life insurers need higher prices and interest rates claims Swiss Re
World insurance premium volume fell in 2009 by 1.1% on an inflation adjusted basis with non-life business performing relatively well, dipping by just 0.1%, according to Swiss Re.
-
Benelux
Den Dekker scoops second award in a month
Peter den Dekker, the President of FERMA, won two awards over the last month for his services to the profession in recent times.
-
CRE Insurance
Insurers should be penalised for late payments says AIRMIC
Insurance companies in the U.K. that are slow to pay claims should expect to pay damages to their clients, according to AIRMIC’s response to the Law Commission’s consultation paper Damages…
-
CRE Insurance
French actuaries told to prepare to become CROs
French actuaries should position themselves to take over the role of Chief Risk Officers at insurance companies because the Solvency II Directive will create new levels of responsibility for the…
-
CRE Insurance
Hurricane Alex heads for Texan and Mexican coasts
Hurricane Alex, which has intensified from a tropical storm overnight, is expected to reach landfall later today or tomorrow morning just south of the Texas and Mexico border.
-
CRE Insurance
Insurer reminds buyers to remember their role in disclosure
The U.K. insurance buyers community is right to call for greater clarity and updated rules on disclosure because the century-old law that covers this critical area is outdated and open…
-
CRE Insurance
CEA tells G-20 not to confuse insurers with banks
The Comité Européen Des Assurances has stepped up its ongoing campaign to pressure political leaders to understand the difference between the banking and insurance sectors when drafting new rules through…
-
CRE Insurance
Terror cover rises in popularity in the U.S. as prices fall
U.S. insurance buyers continued to buy more terrorism coverage in 2009 as prices fell and capacity rose, according to a report released by broker Marsh.
-
CRE Insurance
Catlin is latest to announce plans to form Swiss reinsurer
Bermuda-based insurance company Catlin Group has announced plans to form a reinsurance company in Switzerland, hot on the heels of a similar announcement by rival London-based firm Amlin Group.