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CRE Insurance
EU Syrian insurance ban adds to Middle East coverage muddle
The uncertainty about whether or not companies’ international insurance cover is valid in the Middle East region has increased considerably as the EU has introduced regulations on trade limitations for…
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CRE Insurance
Mutuals warn of further Solvency II delays in France
France risks falling behind other European countries in the implementation of Solvency II, warned the country's association of mutual insurers.
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CRE Insurance
Guidance on ECJ gender discrimination ruling confusing markets-Clyde & Co
With less than 12 months to go before the European Court of Justice (ECJ) ruling that outlawed the pricing of risk based on gender comes into effect, Clyde & Co…
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CRE Insurance
Concerns remain over Greece bailout and eurozone future expert warns
As Greece agreed its latest bailout this week a credit and political risk expert has questioned the support within the country for continued austerity measures, warned of a severe credit…
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Ex Ferma president Dequae appointed to board of nationalised Belgium bank
Former president of Ferma and current scientific advisor to the federation, Marie Gemma Dequae, has been appointed as an independent director of the nationalised Belgian bank and insurer Dexia Bank…
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CRE Insurance
Rehabilitation continues at AIG as it reports big swing in profits
AIG took another big step towards full recovery today as it reported a net profit of $17.8bn for full year 2011 compared to $7.8bn in 2010.
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CRE Insurance
Big three brokers revenue up 17.5% but Willis ‘not satisfied’ as it lags behind
Total revenue at the three largest intermediaries, Aon Corp, Marsh & McLennan and Willis Group, rose by 17.5% in 2011 to $26.2bn from $22.3bn. With investment income down at all…
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CRE Insurance
Little evidence of drastic action by underwriters as AGCS, AXA CS and RSA all report decent numbers
AXA Corporate Solutions, Allianz Global Corporate & Specialty (AGCS) and RSA all reported decent combined ratios and solid premium volume growth for full year 2011 this week and, in the…
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CRE Insurance
Reserves release of $1.3bn boosts Swiss Re profits
Swiss Re joined the rest of the international reinsurance market by significantly boosting its 2011 results by the release of further reserves that helped it cope with the heavy catastrophe…
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CRE Insurance
Lancashire targets Japanese renewals as reserves boost 2011 results
Lancashire Holdings announced a surprisingly healthy set of 2011 results yesterday, saying that it is ‘cautiously optimistic’ about the insurance pricing environment for 2012 overall and has secured additional capital…
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CRE Risk Management
Lessons from Senlac Ridge
The French risk management community gathers in Deauville, Normandy this February amidst a period of great political, financial and economic turmoil.
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A chance to reflect in Versailles, Ferma October 2012
Ferma announced last month that Versailles, France will be the venue for this year’s Seminar on 22 and 23 October. The Seminar, which takes place during the year that no…
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Association News
Greimel vows that DVS will raise its activities on innovation and service
The German risk managers’ association DVS says that the argument from insurers that they find innovation difficult in some areas because of the supposed danger of uncontrolled accumulation of risks…
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CRE Insurance
German insurers need to work harder to follow customers abroad: risk managers and brokers
Industrial customers and brokers are highly critical of the limited international reach of German insurers, it emerged during a liability insurance trade conference in Hamburg in late January.
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CRE Risk Management
WEF report: Big questions and no easy answers for world’s risk managers
The annual Global Risk report from the World Economic Forum launched at Davos last month asks what risks should global political leaders and decision-makers be aware of and most concerned…
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CRE Risk Management
New risk management practices needed to safeguard transport and supply chain networks, report warns
A World Economic Forum report released during the Davos meeting last month called for new models to address supply chain and transport risks.
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CRE Insurance
Year-end renewals suggest global programmes will be hit by Thai and Japan losses
Reinsurers restrict BI coverage as impact of 2011 losses felt but loss-free programmes remain flat. Stuart Collins reports on the big themes from the year-end reinsurance renewals.
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CRE Insurance
Global property catastrophe RATES up 9.5% but casualty flat, European markets mixed—brokers
The January 2012 renewals saw reinsurance prices continue the trend of 2011, with global property catastrophe rates generally heading upwards. However, with an excess of reinsurance capacity, prices were flat…
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CRE Insurance
Trade credit market hardening again
The threat of recession and trouble in the eurozone has put an end to an 18 month run of rate reductions in the highly competitive credit insurance market for large…
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CRE Insurance
P&I market hardening as claims rise and solvency rules bite
Ship owners could face several years of premium rate increases as the sector prepares for another potential downturn and tougher solvency regulations.
