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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…
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CRE Insurance
ACE expands environmental offering
ACE U.K. has launched a new environmental insurance policy called Environmental Protect policy that offers coverage for small to medium sized and multinational companies and includes coverage for the European…
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CRE Risk Management
U.K. insurance buyers face disappointment over contract law reform
The U.K. Law Commission is unlikely to recommend the extension of the recent reform of insurance contract law that significantly reduces the burden of disclosure on policyholders to the commercial…
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CRE Insurance
Health Commissioner announces new animal welfare plan
John Dalli, the recently installed Member of the European Commission responsible for Health and Consumer Policy (DG Sanco), has revealed details of a new European Union Animal Health Law and…
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Contingents are on the agenda as U.S. risk managers gather in Boston
Contingent commissions will be one of the key topics discussed at this year’s annual Risk and Insurance Management Society (RIMS) conference which will be held at the Boston Convention &…
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Captives
Malta consults on new ICC legislation
The Maltese Financial Service Authority (MFSA) has published a consultation paper for the market on its new legislation to allow the introduction of Incorporated Cell Companies (ICCs).
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CRE Insurance
Higher than average hurricane season predicted for U.S. and Caribbean
The respected Colorado State University's (CSU) Department of Atmospheric Science has issued an updated forecast of the 2010 Atlantic hurricane season that predicts an above-average season. The CSU anticipates an…
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FERMA launches pan-European survey
The Federation of European Risk Management Associations (FERMA) has formally launched a survey of European risk managers that it hopes will provide ‘authoritative and comparable’ information on the state of…
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Captives
Irish regulator promises fair and proportional approach for captives
Matthew Elderfield, Head of Financial Regulation at the Irish Financial Regulator, (FR) has promised captive owners that they will receive proportional treatment under Solvency II, in his domicile at least.
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CRE Insurance
Policyholders safe as provisional liquidators move in at Quinn
The Irish High Court has appointed joint provisional liquidators to Quinn Insurance Limited after a request was made by the Irish Financial Regulator (FR) for legal action. The Regulator said…
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CRE Insurance
Lloyd’s steps up Solvency II pace
Lloyd’s of London is to step up its effort to help the managing agencies that comprise the market meet the challenge of Solvency II and in particular ensure that they…