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CRE Insurance
A game of high stakes-Philippe Brahin
Philippe Brahin, Director, Head of Group Regulatory Affairs, at Swiss Re is one of the key players in an increasingly dramatic struggle to ensure that insurance regulation is not dangerously…
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CRE Insurance
Fighting fit-Gernot Klantschnig
Last year was a tough one for XL Capital as it strived to bounce back off the ropes after big losses caused by the credit crunch. But, the support of…
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CRE Insurance
Energy rates head north as lawyers prepare for post loss bonanza
Energy market insurers have reacted swiftly to the Deepwater Horizon oil rig loss in the Gulf of Mexico and buyers can expect an increasingly tough market over the year as…
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CRE Insurance
Reform of U.K. insurance contract law ‘some way off’, says Hertzell
The U.K.’s Law Commissioner for Commercial and Common Law, David Hertzell, believes that aspects of the current law that governs disclosure in the commercial insurance market favours insurers over buyers.
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CRE Risk Management
Gauntlet thrown down to risk professionals by IRM’s Andrew Keeling
In the opening speech at this year’s Institute of Risk Management (IRM) conference in Keele, England, Andrew Keeling, the education provider’s Chairman, spoke of the growing challenge of managing risk…
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CRE Insurance
Torus swoops on Glacier subsidiary as deal flow steps up
Property casualty insurer and reinsurer Torus has acquired Glacier Insurance AG, a subsidiary of the Glacier group, subject to regulatory approval.
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CRE Insurance
Energy risk an increasing concern to business
Energy risks are of increasing concern to business and are now rated as big a risk as health and safety, according to energy supplier npower’s Business Energy Index, an annual…
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Association News
FERMA gives mixed reception to partial block exemption regulation
The Federation of European Risk Management Associations (FERMA) has welcomed the adoption of the new European Union insurance block exemption regulation (BER) that partially exempts insurers from normal competition law.
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CRE Risk Management
Non-executives need more risk oversight claims Moore at IRM
Further organisational crises are inevitable unless significant improvements are made to corporate culture, ethics and governance, Paul Moore, the whistleblower and former Head of Group Regulatory Risk at HBOS, told…
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Association News
IGREA prepares to add political role to fast-growing agenda
IGREA, the association of risk and insurance managers within Spain’s largest companies that was formed last year, plans to step up its lobbying effort now that the group has a…
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Association News
New law sparks risk management education boom in Poland
Demand for risk management expertise is booming in Poland, as a law passed last year to make the adoption of robust risk management systems in the public sector mandatory takes…
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Captives
White Rock launches PCC operation in Isle of Man
White Rock, the company owned by Aon that manages Protected Cell Company (PCC) facilities in Gibraltar, Guernsey, Luxembourg, Malta and Bermuda, has launched its latest operation in the Isle of…
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Aviation
Icelandic volcanic ash surprisingly not on risk radar says ISO’s Kevin Knight
Kevin W. Knight, Chair of the International Organization for Standardization (ISO) working group that developed the ISO 31000 risk management standard, finds it surprising that the recent Icelandic volcanic eruption…
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CRE Insurance
‘Risky’ gas a safe bet for European supplies says National Grid expert
Governments and industry should be mindful not to portray gas as a ‘risky’ energy source because, as security and supply is strong, this is at odds with the reality of…
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CRE Insurance
Commission and Parliament give assurance to buyers on Solvency II
Senior representatives of the European Parliament and Commission last week reassured insurance buyers that their concerns about Solvency II are being listened to and that pressure to ensure that captives…
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CRE Insurance
Mactavish’s Hepburn says worst is yet to come for Risk Managers
It is the beginning of the financial crisis for many risk and insurance managers who will experience a lag impact from the credit crunch, according to Bruce Hepburn, Chief Executive…
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CRE Risk Management
Risk managers must improve board information, says broker
Risk managers must focus their efforts on the production of key pieces of management information and ensure that their risk profile is aligned to the issues, challenges and decisions that…
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CRE Insurance
Insurance sector has key role to play in energy market recovery says Aon
The energy industry is at a pivotal point in its recovery, following an extremely challenging operating environment during the global financial crisis, with demand starting take off and projects that…
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CRE Insurance
Bermuda requests buyers support as ABIR states case for equivalence in Brussels
The Bermuda insurance and reinsurance market has stepped up its campaign to gain early recognition by the European Commission as an equivalent non-European country that would enable Bermuda companies to…
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CRE Insurance
Positive news from CEIOPS as capital charges softened
The European insurance industry appears to have made some headway in its ongoing effort to persuade regulators and politicians that the recent credit crisis does not justify a severe increase…