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CRE Risk Management
U.K. exporters unfairly suffer from lack of cover and government backing
Exporters in the U.K. are suffering from an “unfair playing field” when competing with European and global competitors as its government refuses to underwrite the issue of bonds needed to…
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CRE Insurance
Marsh Germany still seeks new CEO as Kado takes reins
Sven Kado, Chairman of Marsh Germany, has taken over as interim Chief Executive Officer of the Frankfurt-based arm of the broker following the departure of former CEO Felix Hufeld.
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CRE Insurance
Geneva Association seeks credit for insurers on systemic risk
No insurers and reinsurers pose a systemic risk to the wider financial market based on criteria used by the Financial Stability Board (FSB), according to the Switzerland based insurance group…
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Benelux
Europe’s insurers face up to €3bn bill for storm Xynthia
Winter storm Xynthia will probably cost insurers between €1.5bn and €3bn for losses incurred in France, Germany, Belgium and the Netherlands according to catastrophe modelling firm AIR.
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CRE Insurance
Greenberg free to talk as AIG confirms further asset sales
Maurice R. Greenberg, the former Chief Executive of AIG, has stated that he believes he no longer faces possible criminal charges over a sham transaction that involved AIG and a…
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CRE Insurance
European insurers eye Asian expansion in Prudential’s wake
Allianz, Axa and Zurich are believed to be keen to follow the path taken by Prudential of the U.K., that last week announced plans to buy AIG’s Asian life company…
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CRE Insurance
Don’t let the politicians pass the ELD buck – Comment
There is no bigger supporter of cross-border efforts to try and save the environment from man’s rapacious appetite for natural resources and the effect of our consumption than this editor.
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CRE Insurance
Flat market for corporate business forecast by major European carriers
During a series of interviews carried out with a group of executives from Europe’s leading industrial insurance carriers just before the 2009 reporting season began, Adrian Ladbury was told that…
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CRE Risk Management
WEF report warns of threat from ‘creeping risks’
Risk managers should read the annual Global Risks report published by the World Economic Forum as it contains some important messages, writes Tony Dowding.
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CRE Risk Management
Reinsurers edge forward as few cats and solid capital levels force flat renewals
Insurance buyers should be pleased to see that the reinsurers suffered a flat year end renewal as competition remained high, Garry Booth reports.
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New World, New Risks; Time to help save the planet – Comment
This, the second, issue of Commercial Risk Europe appears to be dominated by one common theme. That is, the ever-rising demand from risk and insurance managers for help with the…
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Association News
RMIA outsources operations to ANZIIF to focus on growth
Australia’s risk management association has decided to relieve itself of administration but says the decision was made to improve services not because of financial problems. Adrian Ladbury reports.
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Association News
New risks, new world
The French risk and insurance management profession set a big challenge for themselves and insurers during this year’s AMRAE conference in Deauville, Normandy. Adrian Ladbury reports on the key themes.
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Association News
Mission Impossible? – Johny Merlot
Emerging risks and the ability of the insurance industry to rise to the changing risk and insurance needs of their customers was a key theme at this year’s AMRAE conference.…
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Association News
Business as usual… almost – Nicolas Aubert
Chartis’ French operation is one of the biggest and the longest-established in the group. Adrian Ladbury interviewed General Manager Nicolas Aubert to find out how it has fared over the…
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Association News
A Full Plate – Guy Soussan
Guy Soussan, Partner with Brussels law firm Steptoe & Johnson LLP, is legal adviser to FERMA and has plenty of big, fat documents his in-box currently to try and work…
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CRE Risk Management
Risk managers must train ‘risk owners’ on the board
Risk management education experts urge the professionals to spread the word up the corporate ladder while interest is high.
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CRE Insurance
Chartis bitten by 2002 and prior reserve addition as AIG posts year-end loss
Chartis, the global non-life insurance operation of AIG, reported a fourth quarter 2009 operating loss of $1.8bn that was driven by a loss reserve strengthening of $2.3bn.
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CRE Insurance
Buyers, insurers and brokers still grappling with ELD’s complexities
The Environmental Liability Directive (ELD) finally reached implementation in all 27 E.U. member states at the end of 2009, two years after its deadline, and questions have swiftly emerged about…
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Captives
Demand for captives in national oil sector expected to grow
Only a small portion of national oil companies (NOCs) currently operate a captive insurance company, but, broker Marsh believes that expansion by these huge state-backed companies into new territories and…