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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.
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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.
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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…
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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…
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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.
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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call for greater clarity and updated rules on disclosure because the century-old law that covers this critical area is outdated and open…
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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…
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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.
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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.
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CRE Insurance
Corporate round-up
The latest merger and acquisitions, new products and appointments from the European commercial insurance and service sector.
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Benelux
Budgetary pressures could affect response to terror attack
Heads of all the national terrorism insurance programmes member countries that make up the Organisation of Economic Cooperation and Development, as well as representatives from Israel and Russia’s terrorism insurance…
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CRE Risk Management
Companies with strong risk management deliver more stable earnings
Businesses with stronger risk management practices than their peers obtain more stable financial performances over the long term, including much lower earnings volatility, according to the findings of a new…
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Association News
IT software for risk managers immature but can provide important tools
Software that helps to gather and process data about the risks faced by companies is still at a low level of maturity, but can offer important tools to enable risk…
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CRE Insurance
Food industry guidelines to reduce heart disease aimed at producers
The U.K.’s National Institute for Health and Clinical Excellence (NICE) has produced guidance for the food industry and government to help further reduce the levels of salt and saturated fats…
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CRE Insurance
Link between brain tumours and mobile phones inconclusive, says study
After ten years of research, conducted in 13 countries, and costing approximately €19.2m so far, the largest case control study of mobile phone use and a possible link with brain…
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Association News
AIRMIC unveils plans to tackle ‘failings’ in law on disclosure
AIRMIC will issue a guide for members in early Autumn to tackle what it sees as the failings in the current U.K. insurance law on non-disclosure, which the association says…
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Association News
AIRMIC conference breaks all records but members believe soft market is over
With record numbers of AIRMIC members attending, and the largest ever exhibition, Paul Howard, AIRMIC’s Chairman, was in buoyant mood as he opened the 2010 conference.
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Association News
French companies hit risk learning curve as Chinese trade grows–AMRAE
French companies must learn new ways of dealing with the risks involved with doing business in China as the country’s companies boost economic links with the country, according to experts…
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Climate Change
French risk managers digest challenges posed by ELD
French risk managers are fast waking up to demands placed upon their companies as they attempt to meet new environmental risks linked to European Directives.
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Association News
FERMA elects vice-presidents
The FERMA board has elected both Julia Graham, Chief Risk Officer of law firm DLA Piper UK, and Jorge Luzzi, Group Risk Management Director of Pirelli Group as vice-presidents.